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Building a Low-Cost
Mid-Tier North
American Gold
Producer

 

Argonaut Gold is a Canadian gold company with a portfolio of multi-stage assets in North America. Focused on becoming a low-cost mid-tier gold producer, the Company is in the final stages of construction at its Magino Project, located in Ontario, Canada, which is expected to achieve commercial production in the third quarter of 2023 and become Argonaut’s largest and lowest cost mine. The Company also has three operating mines including the Florida Canyon mine in Nevada, U.S., where it is pursuing additional growth, the San Agustin mine in Durango, Mexico,and the La Colorada mine in Sonora, Mexico.

Since its 2009 inception, Argonaut’s Mexico operations have been the cornerstone of production. Going forward, majority of gold production will come from the Company’s operations in Canada and the U.S. as it enters a new stage of growth centered on free cash flow.

In addition, the Company has several exploration projects in North America, including the advanced-stage Cerro del Gallo project.

Guided by a new mission, vision and values, Argonaut is focused on asset growth, operational excellence, and mining responsibly to create value for all stakeholders.

The Argonaut Investment Difference for Gold Investors

STRENGTHENED BOARD & MANAGEMENT

The Company recently appointed several new members to the senior management team who bring a renewed skillset to mine development and operations, culture building, and governance.

PIVOTAL GROWTH STAGE TOWARDS SUSTAINABLE PRODUCTION AND IMPROVED COSTS

Once complete, the Magino Project is expected to be Argonaut’s lowest cost, longest life mine, as we winddown our high-cost Mexican operations to revise mine plans to deploy capital to and fast track development at our high-quality assets with greater near-term potential.

NEAR-TERM ORGANIC GROWTH OPPORTUNITIES

The potential to convert open pit resources to reserves, expand the mill, and add underground material at the Magino Project, in combination with the possible re-development of the Florida Canyon Mine, could provide the foundation to transition Argonaut into a low-cost mid-tier gold producer. Active exploration programs are underway.

INCREASED RESOURCES & COMMITMENT TO ESG

Argonaut has operated a strong ESG program in Mexico and is at the forefront of the mining industry in its engagement with First Nations in Canada. We believe that a strong social license is paramount to creating a successful mining company and have further enhanced our ESG strategy and governance.