Newcore Gold

Argonaut Gold Receives Air Quality Permit Modification for Florida Canyon to Allow Installation and Operation of New Conveying and Stacking System

TORONTO, April 28, 2021 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce it has received all necessary regulatory approvals, including a modification to the existing Air Quality permit, to allow for the construction, installation and operation of a new conveying and stacking system at its Florida Canyon mine in Nevada, USA.  The equipment associated with the conveying and stacking system is expected to begin arriving on site in May, and it is estimated that the new system will be operational and ramped up to design capacity during the third quarter of 2021.  The capital associated with the convey and stack project was included in Argonaut's 2021 capital guidance (see press release dated January 19, 2021).    

Argonaut Gold Inc. Logo (CNW Group/Argonaut Gold Inc.)

Pete Dougherty, President and CEO stated: "When we acquired the Florida Canyon mine, we saw the opportunity to eliminate multiple re-handling of ore and significantly reduce the operating cost profile.  The receipt of the Air Quality Permit modification allows us to execute on our plan to lower cost and also raise the production profile at Florida Canyon.  Furthermore, the conveying and stacking system will be operated on grid power and eliminate the need to run diesel haul trucks from the crusher to the leach pads, which we expect will reduce greenhouse gas emissions."

During the fourth quarter 2020, the Company eliminated a re-handle of ore prior to the primary crusher by adding a drop box to the design.  Haul trucks now dump ore directly into a box that feeds into the primary crusher.  Prior to the addition of the drop box, the primary crusher had to be loader fed, which required haul trucks to dump ore on the ground, a dozer to push the ore into a pile and a loader to feed to the primary crusher. 

Currently, once ore goes through the primary and secondary crushers, it is loaded into haul trucks with a front-end loader and delivered to the leach pads via haul trucks.  Argonaut identified potentially significant operating cost savings once it can eliminate the re-handle on the back end of the secondary crushing by switching to a conveying and stacking system to transport crushed ore to the leach pads. 

This change will also free up mobile equipment to transport more ore tonnes from the open pit to the crusher and is expected to increase the annual production profile at Florida Canyon beginning in 2022.

For further information on the Florida Canyon mine, please see the report listed below on the Company's website or on

Florida Canyon
Gold Mine

NI 43-101 Technical Report on Mineral Resource and Mineral Reserve Florida Canyon Gold Mine Pershing County, Nevada, USA dated July 8, 2020 (effective date June 1, 2020)

About Argonaut Gold

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production.  Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA.  The Company also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are located in North America. 

Argonaut Gold Inc.
Dan Symons
Vice President, Corporate Development & Investor Relations
Phone: 416-915-3107
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

Argonaut Gold

Last Trade: C$2.82
Daily Change: 0.05 1.81
Daily Volume: 930,058
Market Cap: C$872.060M
Argonaut Gold Announces Results of Annual General Meeting of Shareholders
Argonaut Gold Announces Record Quarterly Production of 59,704 Gold Equivalent Ounces, Record Quarterly Revenue of $105.3 Million and Earnings per Share of $0.09
Argonaut Gold Drills High Grade Gold Veins Below the El Crestón Pit at its La Colorada Mine including 12.2 Metres at 98.9 g/t Gold and 30.3 g/t Silver and 21.3 Metres at 44.6 g/t Gold and 274.9 g/t Silver
Argonaut Gold Announces Release Date for First Quarter 2021 Operational and Financial Results
Argonaut Gold Strengthens Management Team and Provides Ana Paula Sale Update
Argonaut Gold Completes C$10,000,000 Non-Brokered Private Placement with Ausenco and Provides Magino Project Construction Update
Argonaut Gold Announces 43% Increase in Mineral Reserves to 6.8 Million Contained Gold Ounces and 26% Increase in Measured and Indicated Mineral Resources to 13.1 Million Contained Gold Ounces Year-over-Year
Argonaut Gold Announces Record Quarterly and Annual Revenue and Cash Flow from Operating Activities; Provides Fourth Quarter and Full Year Financial and Operating Results
Argonaut Gold Announces Closing of $26.5 Million Offering of Flow-Through Shares
Argonaut Gold Announces $23 Million Bought Deal Public Offering of Flow-Through Common Shares
Argonaut Gold Announces Major Milestone of Magino Closure Plan Filing
Argonaut Gold Intersects 10.0 Metres at 19.0 g/t Gold at Magino, Including 6.3 Metres at 30.2 g/t Gold in South Zone


Revival Gold

Revival Gold is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in the past producing Beartrack gold project located in Lemhi County, Idaho. Beartrack-Arnett is the largest... LEARN MORE