ArgonautGold.com : Good updates on Argonaut's progress. No surprise that Magino Mine Project appears to be an excellent long-term investment. $$$$$ Seems like Argonaut could be an acquisition target (?) ARNGF AR is TSE/Toronto ticker for Argonaut.
Financing/Bought Deal at about $1.88 USD. Major dilution brings PPS down; however, development of ARNGF's premium assets (Magino and Ana Paula) is essential for future success. Magino project (Ontario) is adjacent to Island Gold Mine, which is a crown jewel for Alamos Gold, Inc. (AGI). (Alamos market cap is aboot $4 Billion USD, and AGI's current cash dividend is partly sustained by production from its very profitable Island Gold Mine. ) Looks like ARNGF will raise at least $81 Million USD in this latest bought deal (?) glta ARNGF
ARNGF now owns about 20% of Magna Gold (MGLQF). Magna trades on OTC QB. ( MGR on TSXV. ) Magna's San Francisco mine (Mexico) was purchased from Alio Gold. Interesting to see that Sprott was involved w/ latest financing for Magna. Magna market cap ~ $ 66 Million; Gold and silver assets in Mexico, HQ in Toronto. ARNGF
Re; Merger of Argonaut Gold and Alio Gold ( ALO ).[b/] 7/1/2020: ALO shares now convert to ARNGF. Conversion ratio is .67 See: 7/1/2020 NR posted on argonautgold.com ( also, thanks to lowjack ... IH admin completed a quick edit to ARNGF message board information box/ I-box. ) ARNGF ARNGF trades on OTC TSE/Toronto ticker for Argonaut is AR. $$$$ GLTA
Yes.. I have owned and traded it for years. They have a new mine that will open latter this year. It has about 10 million ounces. This should do well. If, gold makes a major move. If your new to mining stocks. It is prudent not to buy any that are not producing. Best of luck to you.
About Argonaut Gold
Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets are the production stage El Castillo mine and construction stage San Agustin project in Durango, Mexico and the production stage La Colorada mine in Sonora, Mexico. Advanced exploration stage projects include the San Antonio project in Baja California Sur, Mexico, the Magino project in Ontario. The Company also has several exploration stage projects, all of which are located in North America.
Argonaut Gold’s Mission – Our mission is to extract and deliver maximum value from our projects and gold mining operations for all our stakeholders. The management team has a strong history of creating value and will continue to focus on creating value.
Argonaut Gold’s Vision – Create the next quality mid-tier gold producer in the Americas with a production profile between 300,000-500,000 ounces.
We will continue to move towards accomplishing our vision and our mission within our daily operations through our unique values.
Value adding consolidation in the gold sector.
Seeing value for investing in projects beyond surface analysis, in both the field and the gold mining sector.
Exploration and expansion of existing gold mining assets base.
Maintain investor involvement in a productive manner.
Management will deliver on operational targets while working to exceed expectations.
We will operate in a safe, cost efficient manner, while honoring commitments to the environment and communities where we operate.
The Argonaut Investment Difference for Gold Investors
Strong board and management
Low cost production
Leverage to gold through development assets
Focus on high-return, short payback projects in the Americas
Focus on simple projects
Free cash flow generation
Strong balance sheet