Argonaut Gold Inc
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Argonaut’s Magino gold project gets the go-ahead
The board of directors of Argonaut Gold has approved construction of the company’s wholly owned Magino gold project in Ontario, 40 km northeast of Wawa. With a two-year construction period anticipated for Magino starting in January 2021, Argonaut expects a…
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Maverix to acquire preproduction gold royalty portfolio from Newmont
Gold-focused royalty and streaming company Maverix Metals has entered into a binding agreement with Newmont to acquire a portfolio of 11 gold royalties on preproduction assets in the Americas. In exchange for the portfolio, Maverix will issue 12 million common…
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Magino drill results suggest connection between Elbow and Central zones
Drill results from the Central zone at Argonaut Gold’s 100%-held past-producing Magino gold project in Ontario hit high-grade gold intervals, which suggest potential for a connection with the Elbow zone to the west. The company’s most recent release includes assays…
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Argonaut drills high-grade gold at Magino
Argonaut Gold (TSX: AR) has reported high-grade intercepts from its phase two drill program at the company’s wholly-owned Magino gold project in Ontario, 14 km southeast of Dubreuilville. The phase two drill program targeted high-grade mineralization identified during the phase one…
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GOLD: Argonaut advances Magino permitting
ONTARIO – Argonaut Gold has completed a key permitting milestone for its Magino project, which included consultation with Indigenous communities and members of the public. According to the company, the completed Schedule 2 amendment of the Metal and Diamond Mining Effluent…
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M&A: Argonaut and Alio announce gold-focused merger
TORONTO – Producers Argonaut Gold and Alio Gold have entered into an agreement for an all-share merger with Argonaut acquiring Alio to create a diversified intermediate company with output of over 235,000 gold-equivalent oz. annually. With a share exchange ratio…
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GOLD: Argonaut continues to hit high grades at Magino
ONTARIO – Argonaut Gold continues to intersect high-grade mineralization below and adjacent to the reserve pit limits at its 22-sq.-km Magino project, 40 km northeast of Wawa. The most recent drill highlights include 11 metres of 11.68 g/t gold, 6…
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GOLD: UrbanGold grows corridor at Cressida
QUEBEC – Explorer UrbanGold has released the results of the three maiden holes completed at the Cressida block, which is part of the company’s Troilus holdings. The drill highlights include: 22 metres of 1.02 g/t gold; 17.6 metres of 0.9…
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GOLD: Positive PFS for Argonaut’s Cerro del Gallo
MEXICO – Argonaut Gold has released the results of a prefeasibility study (PFS) on its Cerro del Gallo project in Guanajuato. The study outlines an open pit heap-leach mine producing an average of 64,000 oz. of gold annually with additional…
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GOLD: Argonaut confirms high grades below planned Magino pit
TORONTO – Argonaut Gold has released exploration results for its Magino gold exploration project in Ontario and provided an update on permitting the San Antonio project in Mexico. At Magino, drilling targeting mineralization below and adjacent to the current open…
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GOLD: UrbanGold, Argonaut combine gold projects
QUEBEC – UrbanGold Minerals and Argonaut Gold signed an option agreement according to which UrbanGold can earn a 50% interest in Argonaut’s claims and vice versa, and the miners commit to combining their properties to form the Bullseye project. The…
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Argonaut Gold to hedge production at El Castillo mine
After a challenging second quarter at its El Castillo complex in Mexico, Argonaut Gold (TSX: AR) will hedge a portion of the operation’s remaining life-of-mine production. The company told shareholders late last month that it had entered into a series of “zer0-cost…
