Argonaut FY16 output beats revised lower guidance

Mexico-focused gold producer Argonaut Gold has beaten its revised lower guidance ranging between 115 000 gold-equivalent ounces (GEOs) to 120 000 GEOs for the full-year 2016, producing 122 097 GEOs for the twelve-month period. Production at El Castillo normalised during the fourth quarter after a challenging third quarter, while La Colorada provided consistent production throughout 2016, and drove the strong full-year performance.