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Antero Resources Corp T.AR


Primary Symbol: AR

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.


NYSE:AR - Post by User

Comment by crazytimeson May 22, 2024 7:15pm
148 Views
Post# 36053029

RE:RE:RE:RE:RE:RE:The potential for PROFIT at Magino

RE:RE:RE:RE:RE:RE:The potential for PROFIT at MaginoThe grade was barely off by maybe 5 - 10% for the first 3 years than planned. But would match up with mine plan over it's extremely long mine life. Not to mention which if drill results hit, of course it's apparently now up to alamos to release them.... could one day include insane high grade like it's neighbor who is now getting us and the rest of the ore body for peanuts. This 5 or 10 % would of more than have been compensated by the ridiculous high run up in gold prices which is why at the time I suggested locking in additional hedges to balance the lower hedges and ride the startup until mill expansion and eventual huge payday the CEO was talking about. Remember multiples of dollars share price coming..... and then sold for peanuts! lol. .Just my opinion. 
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This article is a good place to start! I posted a few excerpts from the article below the link. 

https://www.timminstoday.com/local-news/argonaut-gold-digs-into-its-ramp-up-problems-at-dubreuilville-8412081

Despite the challenges, Young reaffirmed his belief during a year-end earnings call on March 7 that Magino will one day “be one of the largest and lowest cost gold mines in Canada.”

The company expects the majority of the issues to be ironed out over the next few months. The mine and mill ramp-up will be complete by the end of the second quarter. They also plan to increase mill throughput by 10 per cent by year’s end.

The slow ramp-up has added to their costs.

The expected sustaining capital for Magino in 2024 ranges between $61 million and $63 million, up from the previously announced figure of $47 million. The money is earmarked for the mine tailings storage area, construction of a truck shop and assay lab, mill upgrades and equipment leases.

As a result, Argonaut is to looking to refinance its debt to give them the breathing room and flexibility to support the mill expansion.

Management said prospective financing groups have toured the site, they’ve received favourable terms sheets, and they expect to close the financing by the end of April.


Just my opinion. 
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