When costs aren't controlled..or explainedToday's big loser was James Kofman's Argonaut Gold Inc. (AR) -- yes, again. Argonaut fell 16 cents to $2.20 on 7.58 million shares following Tuesday's 78-cent drop on 13.54 million shares. The slump followed word of a big hike in the expected cost of the company's Magino mine in Ontario -- an overrun that cost Peter Dougherty his job as president and chief executive officer.
Wonder if he got 3X salary and 2X bonus for getting the boot?
Remember a certain Pinocchio blathering on about Ph 2 and 150,000 oz eq/yr
So far the only number I see going up is construction costs while FS dropped oz eq/yr
JMHO