Argonaut Gold Inc (OTCPK:ARNGF)
$ 0.32364 0.010435 (3.33%) Market Cap: 412.53 Mil Enterprise Value: 633.71 Mil PE Ratio: 8.30 PB Ratio: 0.37 GF Score: 51/100
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Q3 2023 Argonaut Gold Inc Earnings Call Transcript

Nov 14, 2023 / 03:00PM GMT
Release Date Price: $0.3225 (-3.29%)
Operator

Good morning. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to the Argonaut's Q3 2023 Financial Results Conference Call and Webcast. (Operator Instructions)

Mr. Young, you may begin your conference.

Richard S. Young
Argonaut Gold Inc. - CEO, President & Director

Well, thank you, John, and hello, everyone. Let's start with Slide 3. Florida Canyon and our Mexican mines performed above plan for the quarter, year-to-date and expected for the year. However, the slower-than-planned ramp-up at Magino has put the balance sheet under pressure, a short-term issue that we're working through with the help of Franco-Nevada and our lenders.

As a result, the focus of management's presentation today will be on the commissioning and ramp-up of Magino, the company's new flagship operation as well as the state of our balance sheet. All the issues that have caused the slower-than-planned ramp-up are fixable, as Marc will describe.

I'll now turn the call over to Marc Leduc, our Chief

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