RE:Argonaut Gold encounters costly start-up operating bugs in DArticle makes things sound not so great, and it seems according to Marc Leduc and the share price these start up problems are a cost and a problem. But fixable , But in the same article some rays of hope.....
As operations crank up, drilling continues to expand the gold resource to add some longevity to Magino’s 19-year mine life. The company has four drill rigs carrying out 60,000 metres of drilling through to the middle of next year. Management expects to add between a half million to one million ounces to their gold reserves.
At the same time, engineering work is being done to evaluate expanding the processing mill to a 17,500-tonne to 20,000-tonne per day operation. The goal is to boost gold production from 150,000 ounces a year to 200,000 to 250,000.. signed.... most already known