Expert Comments Expert Comments:
Andrew Kaip, BMO Capital Markets (5/14/13) "Argonaut Gold Inc. reported headline Q1/13 net income of US$11.6M. . .after adjusting for stock-based compensation, EPS came in at US$0.08, in line with consensus, but ahead of BMO Research at US$0.05. BMO Research attributes the EPS beat largely to lower operating costs. . .in a strongly inflationary environment, the company continues to tightly control operating costs; it has further opportunity to improve costs over H2/13, having assumed El Castillo mining operations from the contractor in mid-March. . .Argonaut is rated Outperform with a CA$12 target price."