RE:Up to 25%in gold prod. sale of Mexican assets, new financingGoldnorte wrote: And I
Argonaut Gold expects an up to 25% increase in gold production in 2024 compared with 2023.
On production:
The company expects consolidated gold production for 2024, including its Mexican operations, to be in the range of 225,000 and 250,000 gold equivalent ounces, up 13% to 25% over the production seen in 2023.
On costs:
Argonaut expects the cost of sales and cash costs per ounce of gold sold to be similar to 2023. All-in-sustaining costs per ounce sold are expected to be higher than 2023 due to the increase in sustaining capital at Magino and Florida Canyon operations.
"Operationally, our near-term focus continues to be the ramp up of the Magino mine. The medium-term goal is to expand the reserve base and mill throughput in order to increase production to the 200,000 to 250,000 ounce per year range, while reducing the cost structure," Chief Executive Richard Young said. be an option
AR is headding in the right direction
I like what i see !!!
the question you have to ask yourself are you here for a flip or are you an investor?
i am the second so i have a long term view and that is a 2-5 yr timeline regarding AR and SP with keeping a core holding beyond that.
well done AR