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Disclaimer

CAUTIONARY STATEMENT

This website includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation.  All information, other than statements of historical facts, included on this website that address activities, events or developments that the Corporation expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Corporation’s businesses, operations, plans and other such matters are forward-looking information.

When used on this website, the words "estimate", "plan", "anticipate", "expect", "intend", "believe" and similar expressions are intended to identify forward-looking information. This information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such forward-looking information include information pertaining to, without limitation, the future price of gold, the market and global demand for gold, the estimation of the mineral reserves and resources, the realization of mineral reserve and resource estimates, the timing and amount of estimated future production (including production forecasts for the El Castillo Mine and La Colorada Mine), costs of production, expansion of production capabilities at the El Castillo Mine and La Colorada Mine, the possibility of expanding the El Castillo Mine pit further into known mineralization, expected capital expenditures, costs and timing of development of new deposits, success of exploration activities, permitting risk in development projects, the ability to obtain surface rights to support planned infrastructure at the Corporation's exploration and development projects, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks and hazards, title disputes or claims and limitations on insurance coverage.

Although the Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended.  There can be no assurance that such information will prove to be accurate as actual developments or events could cause results to differ materially from those anticipated.  These include, among others, the factors described or referred to elsewhere herein, and include unanticipated and/or unusual events. Many of such factors are beyond the Corporation’s ability to predict or control.

Readers of this website are cautioned not to put undue reliance on forward-looking information due to its inherent uncertainty. Argonaut Gold Inc. disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. 

TECHNICAL INFORMATION

The scientific and technical information contained on this website relating to Argonaut's mineral projects indicated herein is supported by the technical reports indicated below.

  • "NI 43-101 Technical Report on Resources and Reserves, Argonaut Gold Inc., El Castillo Mine, Durango State, Mexico", dated February 24, 2011 (effective date of November 6, 2010), prepared by Bart Stryhas, C.P.G., Ph.D., Bret C. Swanson, BE Mining, MAusIMM, and Eric Olin, MAusIMM of SRK Consulting (U.S.) Inc. ("SRK") (the "El Castillo Technical Report").
  • "NI 43-101 Preliminary Economic Assessment La Colorada Project Sonora Mexico", dated December 30, 2011 (effective date of October 15, 2011), prepared by Bart Stryhas, Ph.D., C.P.G., Bret Swanson, BE Mining, MMSA and Mark Allan Willow, M. Sc., C.E.M. of SRK Consulting (U.S.), Inc. and Richard J. Taylor, P.E. of Kappes, Cassiday & Associates (the "La Colorada Technical Report").
  • "NI 43-101 Technical Report on Resources, San Antonio Project", dated October 10, 2012 (effective date of September 1, 2012), prepared by Leah Mach, M.Sc. Geology, CPG, and Mark Willow, M.Sc., C.E.M. of SRK Consulting (U.S.) Inc., Richard Rhoades, P.E., of Argonaut Gold Inc., and Carl Defilippi, M.Sc. C.E.M., SME of Kappes, Cassiday & Associates.
  • "Pre-Feasibility Study Technical Report on the Magino Project, Wawa, Ontario, Canada " dated February 22, 2016 (effective date January 18, 2016), prepared by Mr. Michael Makarenko, P. Eng. JDS Energy & Mining Inc., Mr. Dino Pilotto, P.Eng. JDS Energy & Mining Inc., Ms. Kelly McLeod, P. Eng. JDS Energy & Mining Inc., Mr. Ali Sheykholeslami, P. Eng. JDS Energy & Mining Inc.,  Dr. Khosrow Aref, P.Eng. Rockland Ltd., Mr. Michael Lechner, P. Geo. Resource Modeling Inc., Mr. David Salari, P. Eng. D.E.N.M. Engineering Ltd., and Dr. Ian Hutchison, PE SLR Consulting Ltd.
  • NI 43-101 Technical Report and Preliminary Economic Assessment San Agustin Heap Leach Project, Durango, Mexico dated June 10, 2016 (effective date of Resources April 29, 2016).

The technical reports referred to above are subject to certain assumptions, qualifications and procedures described therein. Reference should be made to the full text of the technical reports, which have been filed with Canadian securities regulatory authorities pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101") and are available for review under the Corporation's profile on SEDAR at www.sedar.com.

Where appropriate, certain information contained on this website updates information derived from such technical reports, as previous published in the Company’s Annual Information Form (“AIF”). Any updates to the technical information derived from such technical reports and any other technical information contained in this AIF was prepared by or under the supervision of Thomas Burkhart, Vice President of Exploration of the Corporation, Richard Rhoades, P.E., or Michael Lechner of Resource Modeling Inc. Each of these individuals is a "qualified person" for the purposes of NI 43-101.

Gold Equivalent Ounces

Gold Equivalent Ounces are based on a conversion of 55:1 for silver to gold prior to and including 2015, 65:1 for 2016 and 70:1 for 2017.

Non-IFRS Measures

The Company has included certain non-IFRS measures including “Cash cost per gold ounce sold” and “All-in sustaining cost per gold ounce sold” in this press release to supplement its financial statements which are presented in accordance with International Financial Reporting Standards (“IFRS”).  Cash cost per gold ounce sold is equal to production costs less silver sales divided by gold ounces sold. All-in sustaining cost per gold ounce sold is equal to production costs less silver sales plus general and administrative expenses, exploration expenses, accretion of reclamation provision and sustaining capital expenditures divided by gold ounces sold. The Company believes that this measure provides investors with an improved ability to evaluate the performance of the Company.  Non-IFRS measures do not have any standardized meaning prescribed under IFRS.  Therefore they may not be comparable to similar measures employed by other companies.  The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.  Please see the management's discussion and analysis (“MD&A) for full disclosure on non-IFRS measures.

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