(Kitco News) – Argonaut Gold (TSX: AR) in the present day reported a document quarterly manufacturing of 59,704 gold equal ounces (“GEO”), document quarterly income of $105.3 million, money movement from working actions earlier than modifications in working working capital of $27.7 million and web revenue of $27.0 million or earnings per share of $0.09.
In the course of the first quarter of 2021, the corporate achieved document quarterly manufacturing of 59,704 GEOs at a money price per gold ounce offered of $1,003 and an all-in sustaining price (“AISC”) per gold ounce offered of $1,313, in comparison with 41,536 GEOs at a money price of $967 per gold ounce offered and an AISC per gold ounce offered of $1,323 in the course of the first quarter of 2020.
The corporate mentioned that larger GEO manufacturing is primarily associated to the addition of the Florida Canyon mine and elevated manufacturing on the San Agustin and La Colorada mines.
The corporate posted a document quarterly income of $105.3 million for the primary quarter of 2021, a rise from $66.6 million from the primary quarter of 2020. Web revenue for the primary quarter of 2021 was $27.0 million or $0.09 per fundamental or diluted share in comparison with a web lack of $9.5 million or $0.05 loss per share for a similar interval in 2020.
Argonaut mentioned it’s on monitor to attain its 2021 consolidated manufacturing, price and capital steering.
President and CEO Pete Dougherty commented, “It was our second consecutive quarter of document quarterly manufacturing and income. We demonstrated robust money movement in the course of the first quarter, which underpins our technique to reap money from the present operations, change depleted ounces and put money into our development asset portfolio to rework Argonaut from a high-cost, junior producer with quick mine lives to a decrease price intermediate producer with lengthy mine lives.”
Argonaut Gold is a Canadian gold firm engaged in exploration, mine improvement and manufacturing. Its major property are the El Castillo mine and San Agustin mine, which collectively type the El Castillo Complicated in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA. The Firm additionally holds the development stage Magino challenge, the superior exploration stage Cerro del Gallo challenge and a number of other different exploration stage tasks, all of that are situated in North America.
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