ARNGF Stock Recent News

(Kitco News) - Argonaut Gold (TSX: AR) today reported a significant increase in mineral resources for the company's two principal assets: the Magino project, in the final stages of construction, located in Ontario, Canada, and the Florida Canyon mine located in Nevada, USA.

Argonaut is a Canadian junior miner that experienced severe financing issues in 2022 and is transitioning to a lower-cost intermediate producer with the development of its notable Magino mine. I believe that Argonaut's mines are currently severely undervalued relative to future mine production capacity due to one big reason - the excessive fear of continued financing and cost revision.

(Kitco News) - Argonaut Gold reported 11% decrease in revenue to $388.3 million in 2022 as a result of lower gold ounces sold, as well as 2022 net loss of $152.2 million compared to net income of $26.5 million in 2021.

Argonaut Gold has slid more than 90% from its highs over the past year, which isn't surprising given the avalanche of share dilution dropped on investors and continued cost overruns. Given these risks, I have chosen to avoid the stock the whole way down because there's no need to catch a falling knife when there is a clear financing risk/schedule risk.

(Kitco News) - Ana Paula is permitted for an open pit mine with measured and indicated mineral resources of 1.46 Moz gold at 2.17 g/t gold and 3.27 Moz silver at 4.8 g/t silver.

(Kitco News) - Argonaut Gold (TSX: AR) announced Thursday that the company produced 45,939 gold equivalent ounces in Q3 2022, which is a decrease of 22% compared to Q3 2021 (58,777 ounces).

(Kitco News) - Funds will be used for Argonauts development and construction of its Magino project, 40 kilometres northeast of Wawa, Ontario.

(Kitco News) - Argonaut Gold (TSX: AR) announced yesterday that in Q2 2022, the company produced 59,192 gold equivalent ounces (GEO), which is 7% lower than the prior year quarter (Q2 2021: 63,750 GEO).

(Kitco News) - Argonaut Gold (TSX: AR) today announced a reaffirmation of the estimated cost to completion of its 100% owned Magino project and a funding package which is expected to fully finance construction of the project.

Argonaut Gold's share price is extremely depressed due to the uncertainty related to the Magino build. However, the company is still producing solid cash flows and has a few options.