Argonaut Gold Announces Record Production for Q4 2014

Argonaut Gold Inc. (TSX:AR) announced that during 2014′s fourth quarter, it put out 44,312 gold equivalent ounces, a new record. That figure includes output from the company’s El Castillo and La Colorada mines.

The company also said 2015 guidance sits at 135,000 to 145,000 gold equivalent ounces at a cash cost of $700 to $750.

Q4 highlights include:

El Castillo

• Quarterly production of 27,870 gold equivalent ounces; full year production of 93,379 gold equivalent ounces (at 55:1 conversion of silver to gold ounces).
• During the quarter, 37,986 gold ounces loaded on the leach pads.
• 7.4 million total tonnes mined and 3.0 million tonnes processed through the crushing circuits during the quarter.
• Heap Leach pad 3B west completed.

La Colorada

• Quarterly production of 15,682 gold ounces and 41,787 silver ounces, for 16,442 gold equivalent ounces (at 55:1 conversion of silver to gold ounces).
• Full year production of 40,535 gold ounces and 153,548 silver ounces, for 43,327 gold equivalent ounces (at 55:1 conversion of silver to gold ounces).
• During the quarter, 19,917 gold ounces and 270,601 silver ounces loaded on the leach pads.
• Average crusher throughput for the quarter of 12,140 tonnes per day.

Click here to read the full Argonaut Gold Inc. (TSX:AR) press release.