Argonaut Gold: Climbs on deal to sell Ana Paula project

Argonaut Gold

11/09/2020 19:19

** Shares of gold miner  AR.TO  up 2.2 at C$2.80 
    ** Argonaut to sell its Ana Paula gold development project 
in Mexico for $30 mln in addition to a C$10 mln ($7.58 mln
)contingent payment  urn:newsml:reuters.com:*:nASA015VL
    ** Argonaut will also receive 9.9% of outstanding common
shares of the acquiring firm, to be formed by AP Mining and
Pinehurst Capital II Inc
    ** Proceeds from the deal will be used to develop Argonaut's
Magino gold project in Ontario, Canada 
    ** Stock up 43% YTD 


($1 = C$1.32)

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))