Mike Parkin, Desjardins Securities (1/9/14) "By our estimates, Argonaut Gold Inc. has the potential to nearly triple its gold production to more than 390 Koz by 2020 through the development of three projects, two of which are fully financed. We expect the company's relatively low, all-in sustaining costs (Desjardins standard) to remain flat to slightly down over the next several years, driving growth in CFPS as the production base is expanded."
M Partners (12/31/13) "Argonaut Gold Inc. finalized the agreement to acquire the San Agustin project from Silver Standard Resources Inc. for $15M cash and $30M in Argonaut shares payable at closing, including further cash of $10M payable in six months and $20M in 18 months after signing the agreement. The project is located 10 km from Argonaut's El Castillo project in Durango, Mexico."
Mike Parkin, Desjardins Securities (12/20/13) "Overall, we see Argonaut Gold Inc.'s prefeasibility study for Magino as an excellent building block for the project. The study is based on only 40% of the Measured and Indicated resource, which, through a successful land acquisition agreement with Richmont Mines Inc., could result in a robust, long mine life gold project."
Barry Allan, Mackie Research Capital (12/20/13) "On Dec. 17, Argonaut Gold Inc. released the results of a prefeasibility study on the Magino project. . .over the first seven years, an average grade of 1.33 g/t is expected to yield 185 Koz/year. . .we retain our Buy recommendation."
Jeff Killeen, CIBC World Markets (12/19/13) "Argonaut Gold Inc. has released an updated resource/reserve estimate and a prefeasibility study (PFS) for the Magino development project. . .the smaller project will reduce capex and focus on higher grades, particularly in the first seven years of production. . .we think the Magino PFS is a step in the right direction for the company."
