Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Argonaut Gold Inc T.AR

Alternate Symbol(s):  T.AR.DB.U | ARNGF

Argonaut Gold Inc. is a gold producer with a portfolio of operations in North America. The Company’s operating mines include Florida Canyon, Magino, La Colorada and San Agustin. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province. The Magino mine property is a past producing underground gold mine located 40 kilometers (km) northeast of Wawa, Ontario, approximately 14 kilometers southeast of the town of Dubreuilville. The property consists of seven patented mining claims, four leased mining claims and 69 unpatented mining claims totaling 2,204.495 hectares. The past producing La Colorada gold-silver mine property is located approximately 40 km southeast of Hermosillo, Sonora State, Mexico. The San Agustin property consists of four mineral claims totaling 1,065 ha and is located in the northern San Lucas de Ocampo Mining District.


TSX:AR - Post by User

Comment by ARGONAUTGOLDon Feb 07, 2024 5:23pm
117 Views
Post# 35868518

RE:RE:Unbelievable Bargain: Argonaut Gold Up for Grabs!

RE:RE:Unbelievable Bargain: Argonaut Gold Up for Grabs!
The staffing level has never been a concern for me. The company has consistently managed to secure a sufficient number of highly skilled workers over the years. The mine is situated in Dubreuilville, just outside of Wawa, and Sault Ste Marie is merely 206 km away. Many people live in and around these areas. Given that the distance from Sault Ste Marie to the Greenstone Project is about 589 km, workers from Sault Ste Marie would likely prefer to travel to Magino, which is approximately 283 km closer.
 
It’s also worth noting that Argonaut Gold has maintained a consistent hiring strategy, always seeking highly skilled workers who live near the operation. If required, they have the capability to organize both plane and bus services for workers from nearby regions. This is a common practice among many companies. For example, New Gold coordinates bus services to transport workers from the Winnipeg Airport to the Rainy River mine. It’s probable that New Gold also covers the expense of flight tickets for workers who needed to fly into Winnipeg. Sigfusson Northern hired Perimeter Airlines to conduct four flights per month from Winnipeg to Wawa and back. Alamos Gold even possesses private aircraft for the transportation of employees, which land in Wawa. Buses are available at the airport to ferry the workers to the mine upon their arrival.
 
In the best-case scenario, the company can fill all positions with local hires. In the worst-case scenario, the company might have to incur a minor expense to facilitate the transportation of workers to and from the mine. I project this cost to be under CA$1 million annually, a figure that wouldn’t significantly dent the profit margins.
<< Previous
Bullboard Posts
Next >>