Argonaut Gold reports record production and financial results in Q1 2021

By Vladimir Basov7 days ago

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(Kitco News) - Argonaut Gold (TSX: AR) today reported a record quarterly production of 59,704 gold equivalent ounces (GEO), record quarterly revenue of $105.3 million, cash flow from operating activities before changes in operating working capital of $27.7 million and net income of $27.0 million or earnings per share of $0.09.

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During the first quarter of 2021, the company achieved record quarterly production of 59,704 GEOs at a cash cost per gold ounce sold of $1,003 and an all-in sustaining cost (AISC) per gold ounce sold of $1,313, compared to 41,536 GEOs at a cash cost of $967 per gold ounce sold and an AISC per gold ounce sold of $1,323 during the first quarter of 2020.

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