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Last C$1.28 CAD
Change Today -0.05 / -3.76%
Volume 623.9K
AR On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
Munich
As of 3:59 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

argonaut gold inc (AR) Snapshot

Open
C$1.32
Previous Close
C$1.33
Day High
C$1.36
Day Low
C$1.25
52 Week High
09/3/14 - C$4.72
52 Week Low
08/5/15 - C$1.18
Market Cap
198.8M
Average Volume 10 Days
1.1M
EPS TTM
C$-0.12
Shares Outstanding
155.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ARGONAUT GOLD INC (AR)

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argonaut gold inc (AR) Details

Argonaut Gold Inc. engages in the acquisition, exploration, and development of gold-bearing properties in North America. The company explores for gold and silver. Its production-stage properties include El Castillo Mine in Durango, Mexico; and La Colorada Mine in Sonora, Mexico. The company’s advanced exploration stage properties comprise San Antonio Project in Baja California Sur, Mexico; San Agustin Project in Durango, Mexico; and Magino Gold Project in Ontario, Canada. It also provides management services. The company is based in Reno, Nevada.

638 Employees
Last Reported Date: 03/16/15

argonaut gold inc (AR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $375.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: $225.0K
Chief Operating Officer
Total Annual Compensation: $275.0K
Corporate Development Officer
Total Annual Compensation: $250.0K
Vice President of Exploration
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2014.

argonaut gold inc (AR) Key Developments

Argonaut Gold Inc. Reiterates Production Guidance for the Full Year of 2015

Argonaut Gold Inc. reiterated production guidance for the full year of 2015. The company expects 135,000 to 145,000 gold equivalent ounce production for the full year of 2015.

Argonaut Gold Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure and Production Guidance for 2015

Argonaut Gold Inc. announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of USD 43.5 million against USD 40.9 million a year ago. Net loss was USD 10.5 million against net profit of USD 2.0 million a year ago. Basic loss per share was USD 0.07 against EPS of USD 0.01 a year ago. Adjusted net loss was USD 0.1 against profit of USD 1.9 million a year ago. Basic adjusted loss per share was USD 0.00 against EPS of USD 0.01 a year ago. Cash flow from operating activities before changes in non-cash operating working capital and other items were USD 11.4 million against USD 13.5 million a year ago. Capital investments were USD 10.9 million. The decrease in net income was due principally to the write-down of the leach pad inventory value and ounces totaling USD 9.3 million net of tax effects and a lower average realized gold price per ounce sold. For the six months, the company reported revenue of USD 94.5 million against USD 80.0 million a year ago. Net loss was USD 9.0 million against net profit of USD 4.8 million a year ago. Basic loss per share was USD 0.06 against EPS of USD 0.03 a year ago. Adjusted net profit was USD 2.7 against USD 4.7 million a year ago. Basic adjusted profit per share was USD 0.02 against USD 0.03 a year ago. Cash flow from operating activities before changes in non-cash operating working capital and other items were USD 28.2 million against USD 26.5 million a year ago. As of June 30, 2015, the company has spent USD 22 million on capital expansions. For 2015, the company maintains its yearly guidance for investments in capital expenditures and exploration initiatives of USD 37 million. Yearly projections for capital expenditures in 2015 are expected to include approximately USD 16 million at El Castillo (including USD 4 million in leach pad expansion, USD 6 million in sustaining capital and USD 6 million on capitalized stripping), USD 11 million at La Colorada (including USD 3 million in leach pad expansion, USD 2 million in sustaining capital and USD 6 million on capitalized stripping), USD 2 million at Magino, USD 2 million at San Antonio and USD 2 million at San Agustin. Exploration expenditures in 2015 are expected to total approximately USD 4 million. The company is maintaining its annual guidance for 135,000 to 145,000 gold equivalent ounces at cash costs of USD 700 to USD 750 per ounce.

Argonaut Gold Inc Announces Additional Magino Drill Results

Argonaut Gold Inc. provided an additional update on the 2015 drill campaign at the 100% owned Magino project, located near Wawa, Ontario. The recent infill drilling at the Magino project was focused on defining mineralization around the historic underground workings. At present, the project hosts an indicated mineral resource of 127.8 million tonnes at 1.01 grams per tonne (g/t) gold for 4.2 million ounces and an additional inferred mineral resource of 30.0 million tonnes at 1.08 g/t gold for 1.0 million ounces. The Company completed 38 NQ core holes totaling 7,228 metres. The focus of this drilling was to gain further insight into the area surrounding the historic underground workings. The infill drill program confirmed zones of higher grade mineralization which are consistent with previous resource modeling exercises. Specifically, during the drill campaign the company completed hole number MA15-461 which had 75 meters of 4.02 grams per tonne gold which represents the best hole drilled on the project to date. The 2015 Magino drilling results will be incorporated into an updated mineral resource and Preliminary Feasibility Study (PFS) for the project which is expected to be released in late 2015.

 

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Price/Sales 0.9x
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Price/Cash Flow 5.5x
TEV/Sales 0.6x
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