February 23, 2017 / 8:35 PM / 10 months ago

BRIEF-ARGONAUT GOLD ANNOUNCES AGREEMENT TO ACQUIRE FRESNILLO MINERAL CONCESSION ADJACENT TO EL CASTILLO MINE

Feb 23 (Reuters) - Argonaut Gold Inc

* ARGONAUT GOLD ANNOUNCES AGREEMENT TO ACQUIRE KEY FRESNILLO MINERAL CONCESSION ADJACENT TO THE EL CASTILLO MINE

* UNDER TERMS OF TRANSACTION, ARGONAUT HAS AGREED TO PAY EL AGUILA CASH CONSIDERATION OF $26 MILLION,

* ACQUISITION OF SAN JUAN CONCESSION HAS POTENTIAL TO POSITIVELY IMPACT CO‘S PRODUCTION PROFILE

* PARTIES ENTERED INTO AGREEMENT WHEREBY PORTIONS OF OTHER ADJACENT CONCESSIONS MAY BE USED BY ARGONAUT FOR LEACH PADS, PONDS, OVERBURDEN SITES Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below