Argonaut (TSE:AR) has released an update.
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Argonaut Gold Inc. reported a slower than anticipated ramp-up at its Magino Mine due to equipment availability issues, with improvements expected following recent acquisitions of mining shovels. The company’s Florida Canyon mine performed well, with expansions set for Q3 2024. A major development is the impending acquisition of Argonaut by Alamos Gold, which will spin off Argonaut’s U.S. and Mexican assets into a new company.
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