- Argonaut Gold, a promising growth stock, has achieved its first gold pour at its Magino Mine in Dubreuilville, Ontario
- The mine is scheduled to begin commercial production in Q3 with up to 81,000 ounces of gold produced by year end
- The company has doubled its revenue over the past five years
- Argonaut Gold is a Canadian gold company with a portfolio of operations and multi-stage assets in North America
- Argonaut Gold Stocks (TSX:AR) last traded at $0.59 per share
Argonaut Gold, a promising growth stock, has achieved its first gold pour at its Magino Mine in Dubreuilville, Ontario.
Magino is estimated to produce between 72,000-81,000 ounces of gold in 2023 at a cost of $850-$950 per ounce. The figure will rise to 148,000 ounces at a cost of $868 per ounce in 2024.
The plant’s ramp-up process remains on schedule with commercial production expected in Q3 2023.
Source: Argonaut Gold.
The company will also initiate a 12-to 15-month reserve development drilling program, as well as studies to expand and optimize mill throughput, both scheduled for later this summer.
Richard Young, Argonaut’s president and CEO, views the Magino Mine as key to the company’s vision of becoming a low-cost, mid-tier North American gold producer focused on responsible practices and shareholder value.
The company has doubled its revenue over the last five years.
Argonaut Gold is a Canadian gold company with a portfolio of operations and multi-stage assets in North America.
Argonaut Gold (TSX:AR) last traded at $0.59 per share.
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