Day: July 3, 2020

Argonaut Gold Announces Updated Life of Mine Plan for Florida Canyon, Which Generates Approximately $326 Million of Mine Site After-Tax Free Cash Flow at $1,700 Gold

“We envision Florida Canyon will produce an average of approximately 77,000 gold ounces per annum at all-in sustaining cost per gold ounce sold1 under $1,050 over 9.5 years, which yields a net present value at a 5% discount rate of over $232 million and generates mine site after-tax free cash flow of approximately $326 million at $1,700 gold.”

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