Key Developments: Argonaut Gold Inc (ARNGF.PK)
6.91USD
18 Jun 2013
$-0.01 (-0.08%)
$6.92
$6.85
$6.91
$6.85
700
12,859
$11.22
$5.20
Latest Key Developments (Source: Significant Developments)
Argonaut Gold Inc Raises Low End Of Prior FY 2013 Production Guidance-Conference Call
Argonaut Gold Inc announced that for fiscal 2013, it expects production to be between 130,000 and 140,000 ounces. That's slightly up from the earlier guidance given in the year of 120,000 to 140,000 ounces. Full Article
Argonaut Gold Inc Issues FY 2013 Production Guidance
Argonaut Gold Inc announced that production in fiscal 2013 is planned to increase to between 120,000 and 140,000 ounces of gold up from 108,000 ounces of gold in 2012. Cash cost of production is also expected to increase slightly to between $630 and $660 per ounce. Full Article
Argonaut Gold Inc And Prodigy Gold Inc. Complete Business Combination
Argonaut Gold Inc and Prodigy Gold Inc. announce the completion of their previously announced plan of arrangement. Pursuant to the arrangement, Argonaut has acquired all of the issued and outstanding common shares of Prodigy in a transaction valued at approximately $341 million. In accordance with the arrangement, former Prodigy shareholders are entitled to receive 0.1042 of a common share of Argonaut and $0.0001 in cash per Prodigy Share. Outstanding options to acquire Prodigy Shares have been converted into options to acquire Argonaut Shares, adjusted in accordance with the same ratio. The Prodigy Shares will be de-listed from the TSX Venture Exchange as of the date hereof. Full Article
Argonaut Gold Inc and Prodigy Gold Inc. Receive Final Court Approval of Plan of Arrangement
Argonaut Gold Inc and Prodigy Gold Inc. announced that the Supreme Court of British Columbia has granted the final order approving the previously announced plan of arrangement whereby Argonaut will acquire all of the issued and outstanding common shares of Prodigy. Accordingly, as previously announced, trading of Prodigy shares will be halted before market opens on December 11, 2012, and will not resume if the transaction is completed. If the required stock exchange approvals are obtained and other remaining conditions to closing are satisfied, the plan of arrangement is anticipated to be completed on or about December 11, 2012. Full Article
Argonaut Gold Inc And Prodigy Gold Inc. Agree For Friendly Business Combination
Argonaut Gold Inc and Prodigy Gold Inc announced that they have entered into an agreement pursuant to which Argonaut Gold has agreed to acquire all of the issued and common shares of Prodigy by way of a Plan of Arrangement. Pursuant to the terms of the Arrangement announced, Prodigy shareholders will receive 0.1042 of an Argonaut Gold share and CAD0.00001 in cash per Prodigy share, representing CAD1.08 per share based on Argonaut Gold's 20-day volume-weighted average price (VWAP) and of 54% based on both companies' 20-day VWAPs as at October 12, 2012, the last trading day prior to this announcement. BMO Capital Markets is acting as financial advisor and Fraser Milner Casgrain LLP is acting as legal counsel to Argonaut Gold and Board of Directors. National Bank Financial Inc. is acting as financial advisor and DuMoulin Black LLP is acting as legal counsel to Prodigy. Full Article
Argonaut Gold Inc Revises FY 2012 Production Guidance
Argonaut Gold Inc announced that it expects total production estimate of 101-103,000 ounces of gold for fiscal 2012. Full Article
Bravada Gold Corp Enters Into Wind Mountain Property LOI With Argonaut Gold Inc
Bravada Gold Corp and Argonaut Gold Inc announced that they have signed a Letter of Intent (LOI) for the continued exploration and development of Bravada's Wind Mountain gold and silver property in northwestern Nevada, where Bravada has outlined a NI-43-101 resource of 570,000 ounces of gold and 14.7 million ounces of silver in the Indicated category and an additional 354,000 ounces of gold and 10.1 million ounces of silver in the Inferred category (see NR-06-12, dated April 11, 2011). Under terms of the LOI, Argonaut can fund staged expenditures totalling USD7.5million over a three-year period to earn the option to purchase the project by paying Bravada a price of $30 per ounce of gold-equivalent contained within Measured and Indicated resource categories as determined by independent Qualified Persons. The purchase price will be paid 50% in cash and 50% in shares in Argonaut. Bravada would also retain a one percent net smelter return royalty for any production from the property in excess of the purchased ounces. Argonaut has made a firm commitment of $250,000 under the LOI to conduct a drilling program this fall that will test two exploration targets beneath shallow alluvial cover: the undrilled Zephyr target and the down-dip extension of shallow oxide mineralization that Bravada drilled at the North Hill target during 2011. For example, previously announced WM11-038 at North Hill intersected 6.1m of 0.619g/t Au and 17.9g/t Ag beginning at surface. Full Article
Argonaut Gold Inc Reaffirms FY 2012 Production Guidance; Issues Q3 2012 Production Guidance
Argonaut Gold Inc announced that for the third quarter of 2012, production is expected to be 20,000-21,000 ounces, while fiscal 2012 guidance remains at 75,000 to 80,000 ounces for a cash cost between $625 and $650 per gold ounce. Full Article
Argonaut Gold Incorporated Reaffirms FY 2011 Production Guidance
Argonaut Gold Incorporated announced that production is still expected to finish fiscal 2011 at approximately 70-75,000 Full Article
Argonaut Gold Incorporated Reaffirms FY 2011 Production Guidance
Argonaut Gold Incorporated reaffirmed its fiscal 2011 production guidance to be in the range of 70,000-75,000 ounces. Full Article
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