Argonaut Gold Inc. (T:AR*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 9600 Prototype Court TORONTO ON M5J 2J3 |
| Tel: | N/A |
| Website: | https://www.argonautgold.com |
| IR: | See website |
| Key People | ||
| Richard Young President, Chief Executive Officer, Director | David A. Ponczoch Chief Financial Officer, Corporate Secretary | Brian Arkell Vice President - Exploration and Mine Technical Services | W. Robert Rose Vice President - Technical Services |
| Business Overview |
| Argonaut Gold Inc. is a gold producer with a portfolio of operations in North America. The Company's operating mines include Florida Canyon, Magino, La Colorada and San Agustin. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province. The Magino mine property is a past producing underground gold mine located 40 kilometers (km) northeast of Wawa, Ontario, approximately 14 kilometers southeast of the town of Dubreuilville. The property consists of seven patented mining claims, four leased mining claims and 69 unpatented mining claims totaling 2,204.495 hectares. The past producing La Colorada gold-silver mine property is located approximately 40 km southeast of Hermosillo, Sonora State, Mexico. The San Agustin property consists of four mineral claims totaling 1,065 ha and is located in the northern San Lucas de Ocampo Mining District. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Argonaut Gold Inc revenues decreased 4% to $372.5M. Net income totaled $38.3M vs. loss of $152.2M. Revenues reflect El Castillo segment decrease of 39% to $128.1M, La Colorada segment decrease of 39% to $49.7M, Stripping Ratio -% La Colorada decrease of 70% to 2.27%. Net Income reflects Florida Canyon segment income totaling $15.5M vs. loss of $50.3M. |
| Employees: | 1,386 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $777.37M as of Dec 31, 2023 |
| Annual revenue (TTM): | $512.87M as of Dec 31, 2023 |
| EBITDA (TTM): | $92.52M as of Dec 31, 2023 |
| Net annual income (TTM): | $52.70M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$255.38M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $330.61M as of Dec 31, 2023 |
| Shares outstanding: | 1,094,258,281 as of Apr 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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