Gross profit of $17.1 million was 146% higher than $7.0 million from the third quarter of 2022, due to higher revenues from the Magino mine and Florida Canyon mine. The company’s all-in sustaining costs (AISC) per ounce of $1,601 for the three months ended Septemwere lower compared to the prior year (Q3 2022: $1,893 per ounce) as lower costs at Florida Canyon and initial production from Magino more than offset higher costs at the Mexican operations.Īrgonaut’s Q3 2023 revenues of $104.8 million were 39% higher than $75.3 million from the third quarter of 2022, due to initial production at the Magino mine and higher production at the Florida Canyon mine. In a news release, the company explained that the increase in production was largely due to initial production from the Magino mine, as higher production from the Florida Canyon mine offset lower production from the company's Mexican mines. ( Kitco News) - Argonaut Gold (TSX: AR) today reported Q3 2023 consolidated production of 53,911 gold equivalent ounces (GEOs), including pre-commercial production of 10,693 GEOs from the Magino mine, up 17% compared to Q3 2022 (45,939 GEOs). Receive a comprehensive recap of the day's top stories directly to your inbox. ![]() Get all the essential market news and expert opinions in one place with our daily newsletter.
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