Argonaut’s updated Magino PFS results in better economics at lower gold price

The updated results of a 2013 prefeasibility study (PFS) on Canadian miner Argonaut Gold’s Magino gold project, located near Wawa, Ontario, have resulted in improved economics, even at a lower gold price. "The market conditions have changed since the December 2013 PFS on the Magino gold project was published. By using updated parameters, the project as defined, demonstrates solid economics, with an improved net present value (NPV) and internal rate of return (IRR).