GOLDBUGS AMEX Goldbugs Index (GOLD)

[stockwrestler2]

Re: Argonaut Gold;
"The Magino mine start up has been event free, with 3,295 oz. produced as of June 30, 2023. The company has incurred $730 million of the $755 million budgeted to complete the project. Commercial production is on track for Q3 2023. The team will be quite active converting in-pit resources into reserves, along with testing structures to the west and high-grade targets below the pit shell. An optimization and expansion review of the mill will also take place in Q3 – with the goal of increasing production beyond current levels. With the high-grade Alamos Gold Island gold mine immediately adjacent to Magino, it will be exciting to see the exploration results from the next phase of exploration."