July 15, 2011 / 2:00 PM / in 7 years

UPDATE 1-Argonaut Gold Q2 production up 73 pct

* Q2 gold production at 17,453 ounces

* Says on track to meet full-year production forecast (Follows alerts)

July 15 (Reuters) - Canada’s Argonaut Gold Inc said quarterly gold production at its El Castillo Mine in Mexico rose 73 percent, and said it was on track to meet its full-year production forecast.

Argonaut Gold said quarterly gold production at its El Castillo Mine — the company’s biggest mine — was 17,453 ounces, compared with 10,066 ounces last year.

The company, which also operates the San Antonio and the La Colorada project in Mexico, said gold produced at the El Castillo mine in the first half of the year was 35,467 ounces

In January, Argonaut had forecast 70-75,000 ounces of gold output for the year.

Argonaut’s shares were trading up slightly at C$6.06 on Friday morning on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Sriraj Kalluvila)

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