ARNGF - Argonaut Gold: Solid Cash Flows And A Path To Long-Term Growth

Investment Thesis

I wrote a couple of articles on Argonaut Gold (ARNGF) back in February and March of this year. The stock price has appreciated significantly since then, especially from the March low when Argonaut was trading at a ridiculous level.

Data by YCharts

Figure 1 - Source: YCharts

Argonaut bottomed before the production suspension was announced where mining, crushing, and stacking were suspended during April and May of this year. The pumps and leach process were uninterrupted. 2020 production will come in somewhat below initial guidance in Mexico, but the impact does

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