RE:2023 I don’t think 2023 will bear any resemblance to 2024. This post provides a comprehensive overview of the company’s operations and strategies for 2024. It highlights the systematic and strategic approach to resource management, as evidenced by the integration of infill drill results into technical reports, the scheduled release of these reports in March and Q3 2024, and the anticipated Resources and Reserves update in December 2024.
The expected increase in plant throughput by 10 to 20% due to optimization, coupled with negligible capital costs, underscores the company’s emphasis on efficiency and cost-effectiveness. The planned completion of this optimization in 2024, along with the proposed expansion to boost plant throughput to between 17,500 - 20,000 tonnes per day, demonstrates a commitment to enhancing productivity and growth.
The inclusion of preliminary findings from the expansion study in the Q3 2024 technical report will offer valuable insights into the company’s strategic planning and implementation.
The company’s ambition and potential are clearly reflected in the projection for Magino to emerge as a major, cost-effective, and sustainable gold producer, with an annual output of 200,000 to 250,000 ounces at a low cost. This could potentially enhance the company’s standing in the gold production industry.
In summary, this post portrays a company that is strategically poised for growth and efficiency, with a clear vision for the future. It will be intriguing to track their progress and witness the realization of these plans.
Allow me to jog your memory. From January 2016 to July 2016, the stock price of Argonaut Gold escalated from a minimum of CA$0.78 to a maximum of CA$4.45, marking a surge of +470.51% within a span of 7 months. In the same period, the price of gold rose from a low of US$1,061 per ounce to a high of US$1,375 per ounce, indicating an increase of +29.59%. Moreover, in July 2016, when the price of gold reached its peak at US$1,375 per ounce, it was still 39.63% lower than the all-time high price of gold.