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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Dan Symons, Vice President, Corporate Development & Investor Relations,

ARGONAUT GOLD

"Our success over the next two years will be fueled by our exploration sizzle and development story from our projects."

Why is it a good time for investors to invest in Argonaut Gold?

Argonaut Gold presents a unique one-stop-shop intermediate producer investment opportunity type. This is because we offer everything from cash flow from existing operations, the excitement in high-grade exploration discoveries to the development story, as we bring a project online with Magino. In Magino, we released some of the best drill holes ever drilled earlier this year, and in September we released additional information from drilling at La Colorado which indicated grades between 40 - 90 g/t over a 4 - 5 metres width and in some cases up to 20 metres wide, which are spectacular results. In 2021, we set a target of generating C$100 million in cash flow from our existing operations, which we surpassed after the first nine months of the year. A year ago, there were less than 50 people in Magino, yet today there are over 500 people on site. So with the exploration sizzle at Magino and La Colorada, the growth through the development of Magino and the cash flow from the existing operations, it really makes Argonaut Gold a one-stop-shop for investors looking to play various aspects on the mining cycle.

What is the timeline for the development of Magino, and once in production, how will the mine change the production profile of Argonaut Gold?

We expect to be pouring gold at Magino during the first half of 2023. Magino is expected to add 150,000 oz/y once fully ramped up. Now, we will lose about 40,000 oz/y as our El Castillo mine, which has been operating since 2007, ramps down. We also believe there is an opportunity to expand early in the mine life using Magino cash flows, which could double Magino’s profile to 300,000 oz/y.

Can you elaborate on your ESG strategy and initiatives?

The key to a successful ESG strategy is to remain engaged with investors, local communities and the government. Argonaut Gold managed to strike a perfect balance in this regard and reduce its operational carbon footprint across the company. We are proud to have been recognized by the government for the 10th year in Mexico as an environmentally socially responsible company. In leaching operations, we are minimizing our use of plastic in drip lines and chemicals. We are also reducing our water consumption by placing the lines closer to the ground, which also reduces energy consumption. In Magino we are using more energy efficient equipment. We invest in social programs in Mexico for smaller surrounding communities to elevate their living standards. We also offer a scholarship program to incentivize all age groups to pursue a formal education.

How would you describe the current operational environment from a political standpoint in Mexico?

It has been a bit challenging in the mining industry, the fourth biggest industry in the country, with the current administration. Any type of permitting or action where we are looking to get concessions has predominantly been paused over the last two years. Much of this could be simply due to the Covid environment and it is picking up slowly now. There are also areas in Mexico that present some security challenges. Fortunately for us, we operate in areas where we have managed those security risks well.

What are your plans and focus for the upcoming year?

For us it is centred on transformation: changing operations from short mine life, high cost to longer mine life and lower costs. This strategy will allow us to reduce the company’s risk profile. Our success over the next two years will be fueled by our exploration sizzle and development story from our projects. We believe if we execute on this business plan, we will successfully transition the company from a higher-cost, junior gold producer to a lower-cost, intermediate gold producer that is operating assets with long mine lives.

Next:

Interview: Equinox Gold