ARGONAUT GOLD ANNOUNCES FOURTH QUARTER AND FULL YEAR FINANCIAL AND OPERATING RESULTS

ArgonautGold-nr_20180222

Toronto, Ontario – (February 22, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2017.  The Company reports quarterly and full year net income of $5.2 million and $23.9 million, respectively, or earnings per share of $0.03 and $0.14, respectively, derived from the sale of 31,025 and 123,554 gold equivalent ounces1 (“GEO” or “GEOs”), respectively, which generated cash flow from operations before working capital changes of $11.7 million and $45.9 million, respectively.  During 2017, the Company produced 126,704 GEOs, including pre-commercial production from the San Agustin mine of 2,932 GEOs. All dollar amounts are expressed in United States dollars unless otherwise specified (C$ represents Canadian dollars).

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