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.

TSX:AR - Post by User

Argonaut Gold Inc > The potential for PROFIT at Magino

<< Previous

Bullboard Posts

Next >>

Comment by Wolverine2024on May 22, 2024 2:12pm

49 Views

Post# 36052426

RE:RE:RE:The potential for PROFIT at Magino

Here is the table indicating the impact of Hedges versus NO Hedges on profitability at Magino, not sure why it didn't appear in my previous post

Assume 230,000 oz of gold Produced at Magino in 2025
	Total Oz	Cost/oz	Price/oz	Profit/oz	Total Profit
If there were NO HEDES	230,000	1100	2000	900	$ 207,000,000

Non-hedged portion of gold production	205,000	1100	2000	900	$ 184,500,000
Hedged portion of gold production	15,000	1100	1860	760	$ 11,400,000
Hedged portion of gold production	10,000	1100	1763	663	$ 6,630,000
	Total profits including the 2 Hedges				$ 202,530,000
				Percentage of profits eaten up by the 2 Hedges	2.16%

Price of gold per ounce	What profit would be without hedges	What profit would be with hedges	The hedges will eat up this much profit	Percentage of profits lost due to Hedges
$ 2,000	$ 207,000,000	$ 202,530,000	$ 4,470,000	2.16%
$ 2,100	$ 230,000,000	$ 223,030,000	$ 6,970,000	3.03%
$ 2,200	$ 253,000,000	$ 243,530,000	$ 9,470,000	3.74%
$ 2,300	$ 276,000,000	$ 264,030,000	$ 11,970,000	4.34%
$ 2,400	$ 299,000,000	$ 284,530,000	$ 14,470,000	4.84%
$ 2,500	$ 322,000,000	$ 305,030,000	$ 16,970,000	5.27%
$ 2,600	$ 345,000,000	$ 325,530,000	$ 19,470,000	5.64%
$ 2,700	$ 368,000,000	$ 346,030,000	$ 21,970,000	5.97%