Argonaut Gold Inc T.AR

Some interesting math

[psych01]

These guys, purported managers, spend $1950 or so AISC's to mine gold.
       Facilities, Argonaut has hedged 25,000 gold ounces per quarter for the six quarters starting in the third quarter 2023 at a gold price of US$1,860 /oz and 15,000 gold ounces per quarter for the 10 quarters starting in the first quarter 2025 at a gold price of US$1,860 /oz
         Sometimes it's best to keep things simple, stop making excuses for incompetence.  IMO

[Lifexprt]

Looks like some people sold out and want to buy cheaper Good report as expected. On time and budget with a $60 million financial cushion. The hedges are for Magino production at sub $1,100 AISC while Mexican mines will be shut down or sold unless gold rebounds. Report confirms new management is laser focused on making this transformation happen flawlessly  With gold nosediving it's a

[psych01]

Glass half full, half empty---varying perceptions are inevitable;  $1100 AISC's-wishful thinking. IMO

[RiseRoarRevolt]

AISC of 1950 is due to Mexican mines. They will be closed end of this year. Hedging is for Magino mine, which wil have a much lower AISC. With Magino coming online, AT will become low cost mid-tier producer.

[SHEEPBAAA1]

a low cost producer with a billion shares and managment that is honest?

[psych01]

RiseR---if one is going to mine gold at $1950 AISC's, one might be obligat to explain in no uncertain terms as to why.   What's with the making excuses for managers??  IMO