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 > Snicnarf and others - questions may have easy answers

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Comment by Sclarda2on Apr 27, 2024 10:20pm

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Post# 36011327

RE:RE:Snicnarf and others - questions may have easy answers

ARGONAUTGOLD wrote:
My interpretation is that the issues are rooted in the balance sheet. When the margins become positive, the market price will adjust to reflect the fair value.

The Magino mine has been constructed, and subsequent to the implementation of operational enhancements in top-tier jurisdictions, mining expenses are expected to decrease, while the net profit margin begins to ascend.

The announcement in March might also enhance investor confidence, potentially driving the stock price towards its intrinsic value.

Regarding the outstanding gold forward contracts, the company possesses 350,000 ounces spanning from 2024 to 2027. With an annual production rate at 200k ounces, the gold forward will impact only 43.75% of the total output. The gold forwards could turn out to be advantageous, contingent on the fluctuations in the price of gold.

I’m confident that the year 2024 will be filled with excitement.