TORONTO, Aug. 23,
2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the
"Company", "Argonaut Gold" or "Argonaut") announces the appointment
of Chuck Hennessey as Vice President, Canadian Operations
effective August 29, 2022.
Chuck brings 35 years of mining and project leadership
experience to the role, including extensive experience through
construction, operational readiness, plant commissioning and
project ramp up. Recently, Chuck worked for Centerra Gold
Corporation as Vice President of Operations British Columbia and as
Mine General Manager at the Mount Milligan Mine. Before Centerra,
Chuck was Mine General Manager at two large Ontario mines. Chuck has been responsible for
improving safety, cost and production metrics at mine sites and
building relationships with First Nations partners. Chuck led a
team that received the Jake McDonald Annual Reclamation Award for
research into innovative reclamation techniques.
"We look forward to Chuck playing a critical role in bringing
the Magino Project into production. Chuck's years of extensive
project development experience and experience with an orebody
requiring selective mining will be instrumental in advancing the
project through the development life cycle. We welcome Chuck to the
Argonaut team," commented Larry
Radford, President and CEO of Argonaut Gold.
About Argonaut Gold
Argonaut Gold is a Canadian gold company engaged in exploration,
mine development and production. Its primary assets are the
El Castillo mine and San Agustin mine, which together form the El
Castillo Complex in Durango,
Mexico, the La Colorada
mine in Sonora, Mexico and the
Florida Canyon mine in Nevada,
USA. The Company also holds the construction stage Magino
project, the advanced exploration stage Cerro del Gallo project and several other
exploration stage projects, all of which are located in North
America.
Cautionary Note Regarding
Forward-looking Statements
This press release contains certain "forward-looking
statements" and "forward-looking information" under applicable
Canadian securities laws concerning the business, operations and
financial performance and condition of Argonaut Gold.
Forward-looking statements and forward-looking information include,
but are not limited to statements with respect to: the Magino
construction capital estimate; the ability to finance additional
construction costs on terms acceptable to Argonaut; risks related
to meeting the Magino construction project schedule; the
realization of mineral reserve estimates; the timing and amount of
estimated future production; the impact of inflation on costs of
exploration, development and production; estimated production and
mine life of the various mineral projects of Argonaut; risk of
employee and/or contractor strike actions; timing of approval for
modifications to existing permits; permitting and legal processes
in relation to mining permitting and approval; the benefits of the
development potential of the properties of Argonaut; the future
price of gold, copper, and silver; the estimation of mineral
reserves and resources; success of exploration activities; the
impact of COVID-19, the response of governments to COVID-19 and the
effectiveness of such responses; and currency exchange rate
fluctuations. Except for statements of historical fact relating to
Argonaut, certain information contained herein constitutes
forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan," "expect,"
"project," "intend," "believe," "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may", "should" or "will" occur. Forward-looking statements are
based on the opinions and estimates of management at the date the
statements are made, and are based on a number of assumptions and
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected in the forward-looking statements. Many of these
assumptions are based on factors and events that are not within the
control of Argonaut and there is no assurance they will prove to be
correct.
Factors that could cause actual results to vary materially
from results anticipated by such forward-looking statements include
the availability and changing terms of financing, variations in ore
grade or recovery rates, changes in market conditions, changes in
inflation, risks relating to the availability and timeliness of
permitting and governmental approvals; risks relating to
international operations, fluctuating metal prices and currency
exchange rates, changes in project parameters, the possibility of
project cost overruns or unanticipated costs and expenses, the
impact of COVID-19 and the impact and effectiveness of governmental
responses to COVID-19, labour disputes and other risks of the
mining industry, failure of plant, equipment or processes to
operate as anticipated.
These factors are discussed in greater detail in Argonaut's
most recent Annual Information Form and in the most recent
Management's Discussion and Analysis filed on SEDAR, which also
provide additional general assumptions in connection with these
statements. Argonaut cautions that the foregoing list of important
factors is not exhaustive. Investors and others who base themselves
on forward-looking statements should carefully consider the above
factors as well as the uncertainties they represent and the risk
they entail. Argonaut believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements included in this press release
should not be unduly relied upon. These statements speak only as of
the date of this press release.
Although Argonaut has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Argonaut
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. Statements concerning mineral reserve and resource
estimates may also be deemed to constitute forward-looking
statements to the extent they involve estimates of the
mineralization that will be encountered if the property is
developed. Comparative market information is as of a date prior to
the date of this document.
For more information, contact:
Argonaut Gold Inc.
Joanna Longo
Investor Relations
Phone: 416 575 6965
Email: investor.relations@argonautgold.com
SOURCE Argonaut Gold Inc.