Umbra Magino Stool with Intergral Magazine Rack, Clear, H 42cm, B 43cm, L 29cm

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We made measurable progress in the third quarter delivering a solid performance at our existing operations. Despite the early challenges and a slower than expected ramp-up, we achieved commercial production at our flagship asset, the Magino mine, after the quarter end. This achievement coupled with strong performance at our Florida Canyon mine is a testament to our team who has worked diligently to optimize our operations. Going forward, we will focus on allocating capital towards those assets, projects and activities that generate the highest potential for per share growth that includes increasing production through reserve and plant expansion at the Magino mine and redevelopment of the Florida Canyon mine," Richard Young, President and Chief Executive Officer of Argonaut Gold. This press release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities laws concerning the business, operations and financial performance and condition of Argonaut Gold Inc. ("Argonaut" or "Argonaut Gold"). Forward-looking statements and forward-looking information include, but are not limited to statements with respect to the cost and timing of construction; permitting and legal processes in relation to mining permitting and approvals; estimated production and mine life of the various mineral projects of Argonaut; the ability to obtain permits for operations; synergies; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the benefits of the development potential of the properties of Argonaut; the future price of gold, copper, and silver; the estimation of mineral reserves and resources; success of exploration activities; and currency exchange rate fluctuations. Except for statements of historical fact relating to Argonaut, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Argonaut and there is no assurance they will prove to be correct.

The 63,000-metre reserve development drill program began on schedule on August 1 and is expected to be completed by mid-2024. The goal is to increase proven and probable reserves by between 500,000 and 1.0 million ounces of gold. Kitco News) - On Thursday, Argonaut Gold (TSX: AR) announced that it achieved first gold pour at its Magino mine in Northern Ontario on June 14th, 2023. The proven and probable mineral reserves at Magino were estimated at 63.3 million tonnes (mt), grading 1.16g/t gold with contained gold of 2.36 million ounces, as of December 2022. Mining methods at the Magino gold project At Florida Canyon, Argonaut will also start a drill programme as part of a proof-of-concept programme on the sulphide material.Heavy rail artillery was hauled by locomotives to planned locations to support the emplaced artillery in the fortresses, which was intentionally limited in range to 10–12km (6–7mi). In the third quarter, Argonaut reported consolidated gold production of 53 911 gold equivalent ounces (GEOs), including pre-commercial production of 10 693 GEOs from the Magino mine. Donnell, Clayton (2017). Maginot Line Gun Turrets: And French Gun Turret Development 1880–1940. New Vanguard. Oxford: Osprey Publishing. ISBN 978-1-4728-2029-7. The Magino Gold Project is located in Finan Township, Ontario, approximately 10km south-east of Dubreuilville, 40km north-east of Wawa, and 195km north of Sault Sainte Marie.

The Company provides certain non-IFRS measures as supplementary information that management believes may be useful to investors to explain the Company's financial results. Dore Copper Mining Brief: Providing an Update on its project activities located near Chibougamau, Quebec

Infrastructure details of the Magino gold project

Telephone network: This system connected every fortification in the Maginot Line, including bunkers, infantry and artillery fortresses, observation posts and shelters. Two telephone wires were placed parallel to the line of fortifications, providing redundancy in case a wire gets cut. There were places along the cable where dismounted soldiers could connect to the network. The specification of the defences was very high, with extensive and interconnected bunker complexes for thousands of men; there were 45 main forts ( grands ouvrages) at intervals of 15km (9.3mi), 97 smaller forts ( petits ouvrages) and 352 casemates between, with over 100km (62mi) of tunnels. Artillery was coordinated with protective measures to ensure that one fort could support the next in line by bombarding it directly without harm. The largest guns were, therefore 135mm (5.3in) fortress guns; larger weapons were to be part of the mobile forces and were to be deployed behind the lines. At Florida Canyon, Inferred Mineral Resources increased to 2.1 million gold ounces from 20,000 gold ounces last year, in part due to the inclusion of 28,956 metres of drilling, and initial inclusion of sulfide mineralization. The inclusion of 700,000 ounces of sulfide mineralization helped pull an additional 1.35 million ounces of oxide mineralization into a large economic pit. The Mineral Reserve estimate for Florida Canyon remains largely unchanged at 930,000 gold ounces, as additional drilling offset depletion and loss from higher costs.

The filtered electrowinning sludge is then smelted in a furnace to produce the final gold doré product. Infrastructure details of the Magino gold project Magino is a conventional open-pit mining operation with drilling and blasting, load, and haul methods. Argonaut Gold Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

At the height of a global pandemic, our teams delivered a contract that reduces project risk and improves bankability through the price, schedule and performance certainty associated with a Lump Sum Turnkey Price. This model will be highly attractive to other mid-tier and emerging producers, who need to secure financing and provide their shareholders with certainty of delivery. Production during the third quarter measured 53,911 gold ounces, including pre-commercial production of 10,693 ounces. The initial mine life is tabbed at 19 years but Argonaut believes there’s more gold resources beneath the pit and to the east and west.

Magino is regarded as Argonaut’s flagship operation as its largest and its first Canadian operation. The company runs three other mines in Nevada and two in Mexico at Durango and Sonora.The plant has been largely operating at nameplate capacity since the beginning of the quarter," he said. After 1918, the German economy was twice as large as that of France; Germany had a population of 70 million compared to France's 40 million, and the French economy was hobbled by the need to reconstruct the enormous damage of World War I, while German territory had seen little fighting. French military chiefs were dubious about their ability to win another war against Germany on its own, especially an offensive war. [18] French decision-makers knew that the victory of 1918 had been achieved because the British Empire and the United States were allies in the war and that the French would have been defeated on their own. [17] With the United States isolationist and Britain stoutly refusing to make the "continental commitment" to defend France on the same scale as in World War I, the prospects of Anglo-American assistance in another war with Germany appeared to be doubtful at best. [17] Versailles did not call for military sanctions in the event of the German military reoccupying the Rhineland or breaking Part V, while Locarno committed Britain and Italy to come to French aid in the event of a "flagrant violation" of the Rhineland's demilitarised status, it did not define what a "flagrant violation" would be. [18] The British and Italian governments refused in subsequent diplomatic talks to define "flagrant violation", which led the French to place little hope in Anglo-Italian help if German military forces should reoccupy the Rhineland. [18] Given the diplomatic situation in the late 1920s, the Quai d'Orsay informed the government that French military planning should be based on a worst-case scenario that France would fight the next war against Germany without the help of Britain or the United States. [18]