Last C$1.83 CAD
Change Today -0.21 / -10.29%
Volume 1.4M
AR On Other Exchanges
Symbol
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As of 4:00 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

argonaut gold inc (AR) Snapshot

Open
C$2.00
Previous Close
C$2.04
Day High
C$2.02
Day Low
C$1.81
52 Week High
02/24/14 - C$6.65
52 Week Low
11/28/14 - C$1.81
Market Cap
282.1M
Average Volume 10 Days
1.9M
EPS TTM
C$0.03
Shares Outstanding
154.2M
EX-Date
--
P/E TM
53.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for ARGONAUT GOLD INC (AR)

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argonaut gold inc (AR) Details

Argonaut Gold Inc. is engaged in the acquisition, exploration, development, processing, and production of gold properties in North America. The company explores for gold and silver. Its primary assets include the production stage El Castillo Mine in Durango, Mexico; the La Colorada Mine in Sonora, Mexico; the advanced exploration stage projects, including San Antonio project located in Baja California Sur, Mexico; and the Magino project situated in Ontario, Canada. The company is based in Reno, Nevada.

737 Employees
Last Reported Date: 03/25/14

argonaut gold inc (AR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $375.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: $31.3K
Chief Operating Officer
Total Annual Compensation: $275.0K
Corporate Development Officer
Total Annual Compensation: $250.0K
Vice President of Exploration
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.

argonaut gold inc (AR) Key Developments

Argonaut Gold Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Production Results for the Third Quarter Ended September 30, 2014; Provides Earnings and Production Guidance for the Fourth Quarter and Full Year 2014

Argonaut Gold Inc. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $37,310,000 compared to $42,447,000 a year ago. Net loss was $1,823,000 or $0.01 per basic share compared to net income of $6,577,000 or $0.04 per basic share a year ago. Cash flow from operating activities before changes in noncash operating working capital and other items was $8,708,000 compared to $16,312,000 a year ago. Revenues for the quarter were roughly 12% down due to sales and volumes. Gross margin from operations was roughly $4.4 million on sales of 30,000 ounces. For the nine months, the company reported revenue of $117,307,000 compared to $130,457,000 a year ago. Net income was $3,015,000 or $0.02 per basic share compared to $24,686,000 or $0.17 per basic share a year ago. Cash flow from operating activities before changes in noncash operating working capital and other items was $35,185,000 compared to $52,419,000 a year ago. As of the end of the third quarter capital expenditures were $37.4 million. Production for the quarter was 9,000 ounces. It was sold but short of the recoverable ounces that were placed to the pad of nearly 14,000 ounces. Production during the third quarter was up 15% year-over-year, but fell short of ultimate expectations. The company expects gross margin from operations to increase in the fourth quarter as it has seen very strong operating results for the month of October. The company anticipates producing 38,000 ounces in the fourth quarter. The company anticipates spending roughly $7 million on capital during the fourth quarter. The company plans on investing a total of $45 million on capital expenditures and exploration initiatives in 2014. As of the end of the third quarter capital expenditures were $37.4 million. Major capital expenditures in 2014 are projected to include approximately $16 million at El Castillo (including mining service company expenditures and capitalized stripping of $6 million), $14 million at La Colorada (predominately capitalized stripping of $11 million), $2 million at San Antonio, $1 million at San Agustín and $6 million at Magino. Exploration expenditures in 2014 are expected to amount to approximately $6 million. The company anticipates full year production to come in between 35,000 and 45,000 ounces. The company expects to produce between 130,000 and 135,000 gold equivalent ounces at a cash cost of $740 to $760 per ounce.

Argonaut Gold Inc. Announces Production and Sales Results for the Third Quarter Ended September 30, 2014

Argonaut Gold Inc. announced production and sales results for the third quarter ended September 30, 2014. For the quarter, the company produced 32,122 gold equivalent ounces against 27,893 ounces a year ago. This included 22,980 GEOs at its 100% owned El Castillo Mine (El Castillo) located in Durango, Mexico and 9,142 GEOs at its 100% owned La Colorada Mine (La Colorada) located near Hermosillo, Mexico. For the quarter, the company sold a total of 29,917 gold equivalent ounces against 32,044 gold equivalent ounces a year ago.

Argonaut Gold Inc., Q3 2014 Earnings Call, Nov 06, 2014

Argonaut Gold Inc., Q3 2014 Earnings Call, Nov 06, 2014

 

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Price/Cash Flow 12.2x
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