Argonaut Gold Inc T.AR

AISCs of 1400+

[cyanide5]

This is too high. I mean way too high. High gold price compensated for that but costs need to come down significantly!

[glock]

just keeps going higher...also the derivative losses.

[ngtraderng]

What's causing the AISC to rise so much? Is it just temporary due to COVID-19 disruptions?

[MisterB]

Seems less gold realized from lower stacking rates in Q1/Q2, and higher overall costs - partially attributable to acquisitions and financing activities.  Overall, a miss on the top line by a large margin (est was $119m), and slight miss on EPS of .04 (consensus estimate was .05). Overall, considering the POG, a disappointing operational quarter, offset by measurable and tangible positive

[rj2020]

I would say it is mostly attributable to the ongoing modifications at Florida Canyon. The next contributor seems to be a decrease in ore tonnes to leach pads during the second quarter, especially at San Agustin. Cash costs by mine: El Castillo $850 La Colorada $910 Florida Canyon $1,353 I don't see anything spectacular in the results. I am looking forward to the completion of

[ppp]

Yes they loaded almost 3 times as much ore onto the pads quarter over quarter. Florida Canyon was part of that but in no way made up the whole amount. So I would say they had to play serious catch up because of Covid.