Argonaut Gold posts net loss in third quarter, revises its 2022 cost guidance higher

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Argonaut Gold posts net loss in third quarter, revises its 2022 cost guidance higher
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ArgonautGold Argonaut Gold posts net loss in third quarter, revises its 2022 cost guidance higher

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Argonaut said that year-to-date, its production results were in-line with expectations, adding that the company had a challenging third quarter at La Colorada and Florida Canyon mines that was mostly offset by the consistent performance of the El Castillo Complex. Argonaut noted it maintains its 2022 GEO production guidance and, primarily due to inflationary pressures on key consumable costs, is adjusting its cost guidance higher, with all-in sustaining costs expected to be within the range of $1,650 - $1,725 per gold ounce sold .

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