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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

Post by Goldnorteon Mar 27, 2024 1:18pm
156 Views
Post# 35955919

This deal is worth more than 40 cents to me.

This deal is worth more than 40 cents to me.I agree with greenday, many things may happen in the coming weeks, but in any case long term this deal is worth a lot more than many think.  Alamos up 7% today, the new company with Florida Canyon is this worth $$$$ and with Alamos shares climbing we could see much higher buyout option.    AR is now on solid financial grounds ( IN connection with the transaction, Alamos has agreed to provide Argonaut with a $50-million private placement equity financing that will give it a 14 per cent stake in the company. Once the new company goes public, Alamos has also has agreed to increase its stake to 19.9 per cenT )
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