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Argonaut Gold Inc T.AR

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

Metals & Mining Gold
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

Argonaut Gold Inc > POG now at $2379 US
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Comment by Lifexprton Apr 09, 2024 5:28pm
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Post# 35980030

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:POG now at $2379 US

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:POG now at $2379 US Here is my theory on this. McCluskey told Young I don't need the open pit mine as it doesn't fit our low cost strategy, but can pay $500M US for mill, TMF and reserves. Young had to tank the price to sell it otherwise you wouldn't have anyone accept the offer. But since it came at a decent premium, although off a synthetic low price he sold it to GMT and Libra. 

It is starting to look as if the open pit operation at Magino isn't as profitable as management thought in the first place.
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