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 and it is estimated the new system will be operational and ramped up to design capacity during the third quarter of 2021
For more information on Florida Canyon, please visit www.argonautgold.com.
Source: Argonaut Gold Inc. public disclosure.