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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 LyChaunceyon Feb 28, 2024 10:53am
134 Views
Post# 35903803

RE:Lots of Crazies...& delusional folks

RE:Lots of Crazies...& delusional folksThe sustaining capital expenditures 2024 includes capex on Magino's tailing management facility and FC's third heap leach pad. The true sustaining cost is unkown. To esitimate it, add $300/oz to the cash cost to be safe since they are open-pit mine.  (130,000 x (1,200+300) + 70,000 x (1,675+300) + 40,000 x 1,900) / (130,000+70,000+40,000) = 1,705. 
So I expect the true AISC of the three operating mines is $1,705 conservatively. Which is not great but definitely economically feasible. Considering Magino will not reach full production until Q3, the AISC should be better going forward.
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