Argonaut Gold is anticipating a substantial surge in gold production for the year 2024, with projections showing up to a 25% rise compared to the previous year.

Production Estimates

The company is forecasting a consolidated gold production between 225,000 and 250,000 gold equivalent ounces for 2024, inclusive of its operations in Mexico. This represents a notable increase of 13% to 25% over the production levels observed in 2023.

Cost Projections

Argonaut anticipates that the cost of sales and cash costs per ounce of gold sold will be on par with the figures from 2023. However, all-in-sustaining costs per ounce sold are expected to be higher than the previous year, primarily due to the escalated sustaining capital at the Magino and Florida Canyon operations.

Operational Focus

Chief Executive Richard Young expressed, "Operationally, our immediate priority remains the ramp-up of the Magino mine. In the medium-term, our objective is to enhance the reserve base and mill throughput, aiming to boost production within the range of 200,000 to 250,000 ounces per year while concurrently reducing our cost structure."

The company's strategic vision entails optimizing operations for increased efficiency and productivity, setting a promising trajectory for their gold production targets.

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