Gold

Argonaut Gold Inc. (TSX:AR) released its production results for the first quarter of 2016, commenting that it clocked in at 32,154 gold equivalent ounces.

Argonaut Gold Inc. (TSX:AR) released its production results for the first quarter of 2016, commenting that it clocked in at 32,154 gold equivalent ounces.
Production highlights include:

El Castillo

  • Production of 17,500 GEOs.
  • During the quarter, 23,259 contained gold ounces loaded on the leach pads.
  • Over 75,900 tonnes per day mined and 2.8 million ore tonnes placed on the heap leach pads during the quarter.

La Colorada

  • Production of 13,894 gold ounces and 49,370 silver ounces, for 14,654 GEOs.
  • During the quarter, 21,519 contained gold ounces and 404,552 contained silver ounces loaded on the leach pads.
  • Over 50,100 tonnes per day mined and 1.2 million tonnes of mineralized material placed on the heap leach pads during the quarter.
  • Completed leach pad #5 (2.1 million tonne capacity).
  • Northeast leach pad advancing well with anticipated completion Q3 2016.

Pete Dougherty, president and CEO of Argonaut, commented:

First quarter 2016 GEO production was in line with guidance at El Castillo, exceeded guidance at La Colorada and showed a 6% improvement over the fourth quarter of 2015 yielding 32,154 GEOs, primarily as a result of increased crusher throughput at La Colorada. As we look toward the second quarter of 2016, we anticipate further advancement in crusher throughput.  Moreover, we continue to advance our development projects and capital programs including being on schedule with leach pad construction at La Colorada.

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

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