AR.t Argonaut Gold Announces 2015 Rev of $158.6M and $42.7M Cash Flow from Operations
2015 136,874 OZ PRODUCTION @ AISC $865
2016 Goals Catalysts
Higher grades lower costs Q2.
2016 CAPEX down $17M from 2015
Ensure all three development projects are shovel ready.
Magino project updated PFS make this project stand out as one of the top undeveloped gold assets in North America from a payback, IRR and NPV perspective. We are exploring ways to unlock the value of this project through responsible financing options.
San Agustin project plans to link the project with El Castillo's infrastructure, thereby reducing the upfront capital and improving the cost structure. construction decision in 2016.
At San Antonio, working to move the project forward with permitting and local community
2016 production guidance, 130,000 to 140,000 w cash costs of $750 to $800 per ounce sold. Due to declining gold prices in the second half of 2015, the Company is prepared to operate in a $1,000 gold price environment.
Currently trading at an EV of about $220M, debt free and operating in a safe jurisdiction. Should be producing 400,000 by 2020.
Resource 12 million oz of M&I and excellent exploration potential.
Ill be adding this summer on any softness
Easy 10 bagger if gold gets anywhere near the old high.
Checkmate28
