RE:RE:Consolidation It seems to me that some of your points lack solid evidence, and you’re not referencing credible sources or data, but rather expressing personal views. I perceive that you’re projecting your frustration about the current market price onto others. You’ve described my posts as empty clichs, wordy wanderings that mean nothing. You view the company as an unreliable and inappropriate source for your situation. Despite these assertions, you insist on a citation but decline to reach out to the company for more details.
Maintaining a positive attitude can be advantageous when investing in a company that is in the process of expanding its operations. This optimism can assist investors in keeping a positive perspective during market changes and promoting strategies for long-term investment.
Magino’s mining activities are on a positive trajectory, with a rise in daily mining rates and the quality of gold. Efforts are being made to optimize and expand the mill, and an infill drilling program is currently in progress to transform Mineral Resources into Mineral Reserves, all with the objective of boosting efficiency and profitability. In the fourth quarter of 2023, production reached 61,523 GEOs, a 14% increase from the third quarter, largely due to the commissioning of the Magino Mine. The company concluded the year with US$83.3 million in cash and equivalents, and the outstanding balance of the term loan was reduced from US$223.933 million to US$218 million, which should have resulted in an increase in Argonaut’s book value to US$893 million. The decision to divest assets in Mexico is a strategic initiative aimed at reducing the All-In Sustaining Cost (AISC) and augmenting working capital. This approach will bolster the company’s financial agility, enabling them to explore new investment opportunities or repay existing debts. The reserves in Mexico, which consist of 2.2 million ounces of gold and 91 million ounces of silver, are estimated to have a market value of approximately US$6.4 billion. If we succeed in securing about 2% (roughly US$129 million) of this total value, the proceeds from the sale should cover the costs of expansion construction.