Argonaut Gold on target for April start at Magino

摘要

Argonaut Gold (TSX: AR) is advancing its over-budget Magino project east of Lake Superior with a new financing and royalties deal at the same time as it reports a net loss for the recent quarter when revenue sank by nearly a third. The gold miner slid into a US$1.3-million net loss for the quarter ended Sept. 30 after "challenging" conditions at its La Col-orada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, and selling less gold than it produced due to the timing of sales, it said.