Argonaut Gold Inc T.AR

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

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.

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Argonaut Gold Inc > Argonaut’s Missteps: Scapegoating Magino

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Comment by Lifexprton Apr 27, 2024 8:03pm

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Post# 36011279

RE:RE:RE:RE:RE:RE:RE:Argonaut’s Missteps: Scapegoating Magino

C'mon dude, get real

Where did you think they picked up 66 million shares without moving the price higher

Definitely not around $1

My best estimate is their current average between $.75-.90.

Only financings to support that volume were at $2.40-$2.55

Either way this Cerro del Gallo seems interesting, cost $15 million back in 2018 and with gold at $2,400 NPV is around $500M or 8 X the valuation of SpinCo.

FC should generate sufficient cashflow over 2025 - 2030 to fund that CapEx entirely organically. Dark horse is the sulphide deposit at FC.

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