Argonaut Gold Inc. (AR.TO) had record gold production of 31,074 ounces during the 3rd quarter ended September 30, 2012. This included 24,575 ounces at its 100% owned El Castillo Mine, which is located 100 km north of the city of Durango, Mexico and 6,499 ounces at its 100% owned La Colorada Mine, which is located 50 kilometers southeast of Hermosillo, Mexico.
The company also reported total production guidance estimate of 101-103,000 ounces of gold for 2012.
AR shares have dropped nearly 11% to $9.36, moving closer to year low $5.05. Pver 948,000 AR shares have changed hands.
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