Argonaut Gold

Gold Operations

May 11, 2015
Argonaut Gold is a new Canadian gold mining producer with two operating mines and three advanced development projects. Argonaut's portfolio of gold operations include the 100% owned El Castillo gold mine, and the 100% owned La Colorada gold mine in Sonora, Mexico. Advanced exploration stage projects include the San Antonio gold project in Baja California Sur, Mexico, the San Agustín gold project in Durango, Mexico and the Magino gold project in Ontario, Canada.
 
El Castillo is Argonaut’s 100% owned open pit, heap leach gold mine located one hour north of the state capital Durango. El Castillo hosts 1.23 million ounces of Proven and Probable Gold Reserves and 1.7 million ounces of Measured and Indicated Resources (including P&P). The La Colorada gold mine hosts an Measured and Indicated Resource of more than 1.0 million ounes of gold and 14 million ounces of silver. The total M&I resource for Argonaut Gold exceeds 11.5 million gold ounces and 42.7 million silver ounces. In addition, there is an inferred resource of 1.4 million gold ounces and 4 million silver ounces.
 
 2015 guidance is for 85-90,000 ounces of gold production at El Castillo and 50-55,000 ounces of gold equivalent production at La Colorada. 2015 Total guidance is for 135-145,000 ounces at cash costs between $700 -$750 per ounce.
 
Argonaut Gold’s experienced management team is focused on optimizing operations to improve company performance for creating value.



Source: http://www.argonautgold.com/gold_operations/