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home / news releases / ARNGF - Argonaut Gold: A Tough Start To FY2020


ARNGF - Argonaut Gold: A Tough Start To FY2020

We're nearly two-thirds of the way through the Q2 earnings season for the Gold Miners Index (GDX), and the most recent name to report its results is Argonaut Gold (ARNGF). Unfortunately, the company was hit hard by the government-mandated shutdowns in Mexico as quarterly production fell by 22% year over year, with operations at La Colorada hit the hardest. However, the weakening Mexican peso and higher gold (GLD) prices helped offset the lower production, with costs improving year over year despite the lower gold sales. While the company's all-in

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Stock Information

Company Name: Argonaut Gold Inc
Stock Symbol: ARNGF
Market: OTC
Website: argonautgold.com

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