Argonaut Gold Outlines Plans, Guidance for 2013

Argonaut Gold Inc. (TSX:AR) announced their guidance for 2013, including production of between 120,000 and 140,000 ounces of gold up over 108,000 ounces of gold in 2012.

The Company is undertaking an aggressive capital expansion program in 2013 which should prepare the Company for further production expansions in 2014 and beyond. This will essentially complete capital expansion programs at both La Colorada and El Castillo until 2015, when we will finalize the remaining 15mm tons of pad capacity at El Castillo.

Argonaut’s President and CEO, Pete Dougherty, said:

2012 was a significant year for the Company; we exceeded gold production guidance, added La Colorada as a second operation and completed the acquisition of Prodigy Gold. El Castillo is near a steady state of production with 2013 guidance of between 90,000 and 100,000 gold ounces at cash costs of $700 to $725 per ounce.

To view the whole press release, click here.