Canadian Mining Journal


GOLD: Argonaut pours first gold from San Agustin

MEXICO – Toronto-based Argonaut Gold has poured the first gold from its San Agustin project in Durango. The feat comes only 10 months after breaking ground on the project.

The heap leach pad under construction at the San Agustin project in Durango. (Credit: Argonaut Gold)

Pete Dougherty, president & CEO said, “Also of great importance to the Company is the attention to safety, as we have had zero lost time incidents at San Agustin throughout the project’s construction.”

The San Agustin project is located only 10 km from Argonaut’s El Castillo mine. The initial capex was only $42.6 million to develop the pit and heap leach. The property contains indicated resources of 82.2 million tonnes grading 0.32 g/t gold and 10.7 g/t silver and containing 850,000 oz. of gold and 28.26 oz. of silver. The inferred resource is 7.0 million tonnes grading 0.29 g/t gold and 11.0 g/t silver and containing 60,000 oz. of gold and 2.46 million oz. of silver.

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