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Argonaut Gold Inc. (AR.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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2.5900+0.0200 (+0.78%)
At close: 4:00PM EDT
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  • R
    Ryan
    Magino was just officially approved for construction with long lead items being purchased in 2020 and remaining to follow in 2021.
  • G
    GoldGravy
    October presentation up on company website. Gives more forward guidance on Magino. Highlights include the plan to prove up underground mine potential by end of 2021, graphics of results in elbow and central zones and plan to ramp up to 20k tpd production within a couple years of mine opening.
  • R
    Rob G
    definitely oversold... good time to get in with gold back over $1900.
  • P
    Pudentane
    About Magino; I would like some clarification as to Argonaut's mineral ownership. Reading the reports and technicals regarding different leases and patents I see 100m & 300m depth limitations underlain by Alamos Gold and surface ownership/disturbance only tracts. Also, I see the open pit design depth is 300m; a design limitation as per ground control or ownership limitation? Much of the new drill data is at depth > 300m. No where can I find depth control ownership delineated especially on cross-sections. I've done many a mine design capital justification and always required mineral ownership details in the report and drawings. Anyone?
  • G
    GoldGravy
    They sold Anna Paula for $30million, plus $10 million upon construction of mine, 1% royalty, and 9.99% of common shares of purchasing company. I think this move will free up more money and resources to projects management is more excited about. While those proceeds will initially help with construction costs on Magino, I suspect management sees some good news on the horizon for permits on Cerro del Gallo. Imagine if they build out two new quality mines over the next two years simultaneously.
  • N
    Nessi
    Slowly but surely !
  • J
    Johnny B
    I have a major position in Argonaut, my 3rd largest holding. Very pleased with today news. We can now fund Magino on our own , without a partner, if necessary. Great news re today’s deal.
  • N
    Nessi
    Oversold and Undervalued !
  • G
    GoldGravy
    Check out today's news release on drill results at Magino. There is impressive grades and continuity, now you know why investors jumped on that financing in July

    https://finance.yahoo.com/news/argonaut-gold-drills-high-grade-100000898.html
  • a
    art
    8/14/20---Argonaut Gold Inc Price Target Raised to C$3.50/Share From C$3.25 by BMO Capital Markets
    August 14, 2020 (Dow Jones)
  • a
    art
    8/11/20---Argonaut Gold (TSE:AR) Earnings Information

    Argonaut Gold last released its earnings results on August 11th, 2020. The mining company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $80.36 million for the quarter. Argonaut Gold has generated C($0.67) earnings per share over the last year. Argonaut Gold has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, November 5th, 2020 based off prior year's report dates.
  • A
    Alex
    year latter they will sell Magino for 50 million and say its a great deal!
  • R
    Rob G
    good time to get in
  • G
    GoldGravy
    Quarterly report looks good. Highlights include:
    Free cash flow of $23 million @ gold price of $1650 and 60% of anticipated quarter 3 production. Now add another 22,000 ounces with an average price of gold at $1850 and you have an insight into upside on next quarter results
    All in costs per ounce showing improvement of $100+ per ounce
    Production of 200,000+ ounces per year on track
    The cashflow on the current mines alone with gold at $1750 makes this stock valued atleast 50% less than present day price. Current price reflects no shareholder value in regards to Magino which at minimum has many permits in place, significant financing already raised and a wild card of possibilities given the ongoing deeper drilling.
  • S
    Stephen
    Maybe someone didn’t like the news? That or sell the news. I expect it will head back up soon.
  • A
    Alex
    Argonaut just delivered options, at $2.86. they don't see value in they own company
  • Y
    Yahoo Finance Insights
    AR.TO is up 11.07% to 2.91
  • S
    Stephen
    Nice report. should keep moving up.
  • g
    g-pa
    #s say $100mil CF for yr?= wow?
  • N
    Nessi
    Going to $3 USD soon. Good luck my long friends !