Brief: Argonaut Gold Achieves Record Annual Production Of 186,615 Gold Equivalent Ounces

Argonaut Gold

17/01/2020 19:03

Jan 17 (Reuters) - Argonaut Gold Inc  AR.TO :
    * ARGONAUT GOLD ACHIEVES RECORD ANNUAL PRODUCTION OF 186,615
GOLD
EQUIVALENT OUNCES
    * ARGONAUT GOLD INC - Q4 2019 GEO PRODUCTION OF 47,521
    * ARGONAUT GOLD INC - FELL SHORT OF OUR 2019 GUIDANCE OF
200,000
GEOS OF PRODUCTION
    * ARGONAUT GOLD- CURRENTLY REVISING OPERATIONS WITH AN
EMPHASIS ON
PROFITABILITY AND CASH FLOW
    * ARGONAUT GOLD - PRODUCTION SHORTFALL OF 2019 OUTLOOK
DRIVEN BY
MANY FACTORS THAT CONTRIBUTED TO BUILD UP OF LEACH PAD
INVENTORY, THAT IS UNDER REVIEW
    * ARGONAUT GOLD - INITIAL INDICATIONS REVEAL IT MAY BE MORE
PROFITABLE TO PRODUCE SLIGHTLY LESS GEOS IN 2020 THAN 2019 WHILE
RAISING CASH FLOW FROM OPERATIONS
    * ARGONAUT GOLD INC - EVALUATING A POTENTIAL NON-CASH
IMPAIRMENT
ON BOOK VALUE OF ITS SAN ANTONIO PROJECT
    * ARGONAUT GOLD- POTENTIAL CHANGES TO OPERATIONS MAY INVOLVE
RUN-OF-MINE ORE, MORE FAVOURABLE OVERBURDEN STOCKPILE LOCATIONS
& CHANGES IN PROCESSING PARAMETERS
    * ARGONAUT GOLD INC - CONCLUSION ON POTENTIAL NON-CASH
IMPAIRMENT
OF SAN ANTONIO PROJECT WILL BE ANNOUNCED WITH Q4 RESULTS
    * ARGONAUT GOLD - CO IS REVIEWING ALL OF ITS OPTIONS TO
ADVANCE
SAN ANTONIO PROJECT
    * ARGONAUT GOLD - REVIEWING  OPTIONS TO ADVANCE SAN ANTONIO
PROJECT, INLUDING SEEKING AMENDMENT TO LA PAZ 2018 ZONING PLAN
    * ARGONAUT GOLD - REVIEWING  OPTIONS TO ADVANCE SAN ANTONIO
PROJECT, INLUDING REVISED ENVIRONMENTAL PERMIT APPLICATION,
LEGAL OPTIONS
    * ARGONAUT GOLD - EXPECTS TO RE-SUBMIT REVISED CERRO DEL
GALLO
PROJECT'S UNIFIED TECHNICAL DOCUMENT APPLICATION THAT SATISFIES
SEMARNAT'S REQUESTS IN Q1

Source text:  urn:newsml:reuters.com:*:nCNW1qLpca
Further company coverage:  AR.TO 

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