Argonaut Gold jumps on 14% increase in principal assets

Argonaut Gold

30/03/2023 16:18

** Canada-based junior gold miner 's Argonaut Gold Inc's
 AR/TO  rise 7.5% at 65 Canadian cents on Toronto Stock Exchange
- hitting a two-month high
    ** Co announced a 14% increase in its principal assets to
5.7 mln gold ounces at its two main assets
    ** Magino Project, in the final stages of construction,
located in Ontario, Canada, and Florida Canyon Mine located in
Nevada, U.S.
    ** Inferred Mineral Resources, for which tonnage and grade
can be estimated at a lower level of confidence, more than
quadrupled to 3 mln gold ounces, co says
    ** As of Dec. 31, there were 11.3 mln ounces of gold in
measured and indicated mineral resources, 3.5 mln ounces in
inferred mineral resources, and 5.6 mln ounces in proven and
probable mineral reserves - AR
    ** Including session's gains, stock up 25% this year

 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))