MMX Interest: 3.0% net smelter return (NSR) royalty
MMX Metal Exposure: Gold (Au), Silver (Ag)
Location: Nevada, USA
Operator: Argonaut Gold Inc.
- Restart of an existing mine with a long history of production as an open pit heap leach operation
- Achieved commercial production in January 2018
- An updated Life of Mine Plan released in July 2020 highlighted a 9.5 year mine life and gold production ramping up to an average of 77,000 ounces per year
- Argonaut Gold acquired the Florida Canyon mine from Alio Gold in July 2020
- All regulatory approvals required for the construction, installation and operation of a new conveying and stacking system were received in April 2021
For more information on Florida Canyon, please visit www.argonautgold.com.
Source: Argonaut Gold Inc. public disclosure.