Argonaut Gold Announces Second Quarter 2020 Operating and Financial Results, Including $23 Million of Free Cash Flow; Provides Second Half 2020 Free Cash Flow Guidance
(WorldNews Mexico)

August 11, 2020 TORONTO, Aug. 11, 2020 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the `Company`, `Argonaut Gold` or `Argonaut`) announces its operating and financial results for the second quarter ended June 30, 2020. The Company reports quarterly production of 31,531 gold equivalent ounces[1] (`GEO` or `GEOs`), $23.4 million of free cash flow[2] (`FCF`), cash flow from operating activities before changes in operating working capital of $11.8 million, net loss of $7.7 million or loss per share of $0.04 and adjusted net income2 of $8.5 million or adjusted earnings per basic share2 of $0.05. All dollar amounts are expressed in United States dollars, unless otherwise specified (C$ refers to Canadian...