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ARNGF - Argonaut Gold: Ana Paula Sale A Smart Move
Argonaut Gold Inc
It’s been a busy year thus far for M&A in the gold mining sector (GDX), and while we saw some fire sales, Argonaut Gold (ARNGF) takes the crown for the most accretive deal yeartodate. The company scooped up industry laggard Alio Gold (ALO) for just $48 million and managed to add two projects in the transaction, Ana Paula and Florida Canyon. Just last week, the company announced it would be selling off the former asset, and while the sale price looks paltry, it’s a smart deal if