Overview

Argonaut Gold is a Canadian gold mining producer with operating mines and advanced development projects in North America. Argonaut’s portfolio of gold operations include the 100% owned El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico and the 100% owned La Colorada mine in Sonora, Mexico. Advanced development stage projects include the Cerro del Gallo project in Guanajuato, Mexico and the Magino project in Ontario, Canada. Argonaut Gold’s experienced management team is focused on optimizing operations to improve company performance for creating value.

2020 Guidance    is for 175,000-185,000 gold equivalent ounces (GEOs)(1) at cash costs(2,3)  between $900-$1,000 and all-in sustaining costs(2,3)  between $1,150 - $1,250 per ounce sold.

(1) GEO is based on a conversion ratio of 70:1 (2017 & 2018), 75:1 (2019) and 80:1 (2020) for silver to gold ounces. The conversion ratios are based on three year trailing average silver to gold exchange ratio.
(2) Assumes a MXN:USD exchange rate of 18.5:1.
(3) See Disclaimer for Non-IFRS measures.