Argonaut Gold Inc T.AR

Up to 25%in gold prod. sale of Mexican assets, new financing

[Goldnorte]

And I Argonaut Gold expects an up to 25% increase in gold production in 2024 compared with 2023.

 

On production:

The company expects consolidated gold production for 2024, including its Mexican operations, to be in the range of 225,000 and 250,000 gold equivalent ounces, up 13% to 25% over the production seen in 2023.

 

On costs:

Argonaut expects the cost of sales and cash costs per ounce of gold sold to be similar to 2023. All-in-sustaining costs per ounce sold are expected to be higher than 2023 due to the increase in sustaining capital at Magino and Florida Canyon operations.

"Operationally, our near-term focus continues to be the ramp up of the Magino mine. The medium-term goal is to expand the reserve base and mill throughput in order to increase production to the 200,000 to 250,000 ounce per year range, while reducing the cost structure," Chief Executive Richard Young said. be an option

[okgonow]

AR is headding in the right direction  I like what i see !!! the question you have to ask yourself are you here for a flip or are you an investor? i am the second so i have a long term view and that is a 2-5 yr timeline regarding AR and SP with keeping a core holding beyond that. well done AR 

[riverrrow]

AR down 7 cents at 9:35 am.  

[Golferman]

WOW.....what a drop this morning!!

[Goldnorte]

Only 1 000 000 shares sold off, investors holding strong....

[rvirdi6394]

Over 2M now

[rvirdi6394]

You call this holding strong? I still curse myself being the biggest bag holder!!!

[Goldnorte]

When there are 1 billion shares out there, and only million sells off and million were bought up by the vultures, yes I think this is not bad.

[rvirdi6394]

Doesn't help me as my average is around $3.

[60PlusWhoCares]

very painful for sure at $3

[riverrrow]

The proposed new financing worries me, and all the sellers too?

[Golferman]

Lets see if .28 holds today if not support is at .26 Golferman

[Golferman]

Looking for a hold of .26 before we can call a bottom. Golferman

[Golferman]

If .26 break looking for a hold at .24 Golferman

[Golferman]

With the break of .24 we drop as low as .20 for a bottom. Golferman