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 > High-Grade Mining Potential at Magino Gold

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Comment by Sclarda2on Apr 29, 2024 9:39am

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Post# 36012389

RE:RE:RE:High-Grade Mining Potential at Magino Gold

ARGONAUTGOLD wrote: If we maintain the strip ratio at 3.57, there’s a possibility that the AISC might reduce to US$800 per ounce. In my calculations, I’ve also factored in an extra cost for the installation of the underground shaft. My understanding is that the AISC for Island Gold is projected to be between US$875 and US$925 per ounce for the year 2024. This aligns with my computations for Magino Gold.

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