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Gold Operations
Argonaut Gold is a new Canadian gold mining producer. Argonaut’s portfolio of gold operations are located in Mexico and include the 100% owned El Castillo gold mine, two advanced exploration properties including: the San Antonio project in Baja Sur California, and the past producing La Colorada mine in Hermosillo, Mexico and a portfolio of exploration projects located in the state of Sonora and Durango, Mexico.
El Castillo is Argonaut’s 100% owned open pit, heap leach gold mine located one hour north of the state capital Durango. El Castillo hosts 1.23 million ounces of Proven and Probable Gold Reserves and 1.7 million ounces of Measured and Indicated Resources (including P&P).
2011 guidance is for 70-75,000 ounces of gold production at a cash cost of $575-$600.
Our experienced management team is focused on optimizing operations to improve company performance for creating value.