The board of directors of Argonaut Gold has approved construction of the company's wholly owned Magino gold project in Ontario, 40 km northeast of Wawa. Argonaut and the predecessor company that owned the Magino Project, Prodigy Gold Inc., completed surface drilling campaigns in 2011, 2012, 2015, and 2016. The Company also announces a change in leadership. The Magino Gold Project is located in Finan Township, approximately 10km south-east of Dubreuilville, 40km north-east of Wawa, and 195km north of Sault Sainte Marie, in Ontario, Canada. Importantly, Argonaut noted that the Magino project management team has been augmented to improve project controls. Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce recent positive drill results from deep drilling at Magino with high-grade intercepts below. Argonaut Gold's share price is extremely depressed due to the uncertainty related to the Magino build. - Argonaut Gold (TSX: AR . TORONTO, Sep. 6, 2022 (Canada NewsWire via COMTEX) -- Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce. - Argonaut Gold (TSX: AR) today announced production of 55,516 gold equivalent ounces (GEO) in Q1 2022, representing a 7% decrease over Q1 2021 (59,704 GEO). In addition, the company announced it has received a binding commitment letter from a syndicate of lenders for the financing of a six year, US$200 million term loan credit facility and a three year . The Magino project is forecast for its first gold pour in Q1 2023 at an initial rate of 150,000 oz/y. Magino's new economic model presented a higher after-tax NPV and IRR compared to the . We continue to receive assays, and our goal is to expand the . ARGONAUT GOLD REPORTS FURTHER HIGH-GRADE INTERCEPTS AT MAGINO INCLUDING 8.0M AT 15.0 G/T AU AND 13.0M AT 7.54 G/T AU, 11.0M AT 8.33 G/T AU AND 13.0M AT 7.44 G/T AU . Argonaut Gold has received federal government approval of assessment for its wholly owned Magino Project in Ontario, Canada. Its primary assets are the El Castillo, San Agustin, and La Colorada mines located in Mexico and the production stage Florida Canyon mine in . Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Argonaut Gold reports further high-grade intercepts at Magino including 8.0m at 15.0 g/t Au and 13.0m at 7.54 g/t Au, 11.0m at 8.33 g/t Au and 13.0m at 7.44 g/t Au TORONTO, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce that the Board of Directors has approved . Magino Project. Argonaut Gold Reaffirms Magino's Estimated Cost to Completion and Announces US$250 Million Binding Debt Commitment and Proposed Equity Financing to Fully Finance the Magino Construction Project (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce recent positive drill results from deep drilling at Magino with high-grade intercepts below. While this review is ongoing, based . TORONTO, Sept. 6, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce recent positive drill results from deep drilling at Magino with high-grade intercepts below. Minister of Environment and Climate Change Catherine McKenna made the decision, under the Canadian Environmental Assessment Act, 2012. The preliminary feasibility study for the project was completed in January 2014 17 Year Mine Life to Average 150,000 Gold Ounces of Production During Initial Five Years and Produce Nearly Two Million Ounces of GoldTORONTO, Nov. Argonaut is currently reviewing all inputs including potential cost inflation, impacts of foreign currency exchange rates and changes in scope related to the initial capital estimate. Prior to the decision, the Canadian Environmental Assessment Agency (EA) carried out a . The company also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are . The ongoing drill program continues to intersect multiple zones of mineralization at depth along a strike length of 1500 meters (Table 1, Figure 1), reinforcing the underground expansion potential below the planned Magino open pit. Argonaut Gold has signed a fixed bid engineering, procurement, construction and commissioning (EPC) contract with Ausenco Engineering Canada for the Magino processing facility and other parts of the mining project in Ontario, Canada.. Argonaut said that the value of the contract is approximately 40 percent of the initial capital estimate for the Magino project of between $360 million and $380 . Argonaut Gold Approves Magino Project Construction, Receives Fixed Bid Pricing Proposal, Announces US$50 Million Bought Deal Financing of Senior Unsecured Convertible Debentures and Expansion of . . All dollar amounts are expressed in Canadian dollars, unless otherwise specified. Fortunately . The gold property consists of seven patented mining claims, 69 unpatented mining claims, and four leased mining claims, that are spread over an area of 2,204.5ha. Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") announces that it has completed a review of the estimated construction capital at completion ("EAC") of its 100%-owned Magino project in Ontario, Canada ("Magino" or the "Project"). "The drill results further demonstrate the potential of a mineral resource expansion at depth at the Magino Project. Argonaut Gold president and CEO . The ongoing drill . Argonaut Gold released its Q1 results earlier this month, reporting quarterly production of ~55,500 gold-equivalent ounces at all-in sustaining costs of $1,430/oz. The project remains on schedule for first gold pour by the end of March 2023. Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce recent positive drill results from deep drilling at Magino with high-grade intercepts below. However, the company is still producing solid cash flows and has a few options. An overview of the Magino construction project timeline through 2023. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support . The Magino construction project is tracking on schedule. This debt financing arrangement, along side the proposed equity financing, will put Argonaut Gold in a strong financial position to complete the Magino project and move it forward into production . The ongoing drill program continues to intersect multiple zones of mineralization at depth along a strike length of 1500 meters (Table 1, Figure 1), reinforcing the . Argonaut said that the value of the contract is approximately 40% of the initial capital estimate for the Magino project of between $360m and $380m. The Company has recently completed a detailed review of the estimated cost to completion ("EAC") of its Magino project and, consistent with the Company's press release dated May 11, 2022, now . As the producer looks to grow its . The net proceeds of the Offering will be used for the development of the Magino Project and for general corporate . Argonaut Gold provided a new economic model for the Magino gold project to reflect current market conditions. Argonaut's Magino project is a mini Detour Lake or Canadian Malartic. It is 100% owned by Argonaut Gold through its wholly owned subsidiary Prodigy Gold (Prodigy). Drilling results from an infill program of underground mineralization by Toronto-listed Argonaut Gold show the potential for an underground mine at its Magino project in Ontario. These programs were designed to in-fill and expand mineralization identified by earlier drilling, and in some cases, replace older, non-compliant drill sample data. The ongoing drill program continues to intersect multiple zones of mineralization at depth along a strike length of 1500 meters (Table 1, Figure 1), reinforcing the underground expansion potential below . The .
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