Argonaut (TSE:AR) has released an update.
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Argonaut Gold projects an increase in 2024 gold production by 13-25%, with higher all-in-sustaining costs due to significant infrastructure developments at its Magino and Florida Canyon mines. The company also flagged an anticipated grade decrease in initial years at the Magino mine but expects no change to the life-of-mine estimates. Operational focus remains on ramping up Magino, with goals to expand reserves and throughput for increased production and reduced costs, alongside planned debt refinancing to support growth.
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