Argonaut Gold Achieves Record Quarterly and Annual Production, Meets 2018 Production Guidance and Provides 2019 Guidance

2018 production, 2019 guidance final

TORONTO, Jan. 22, 2019 /CNW/ – Argonaut Gold Inc.(TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce it has met its 2018 production guidance with record gold equivalent ounce1 (“GEO” or “GEOs”) production of 51,658 during the fourth quarter of 2018 and 165,117 during 2018.  During the quarter, production was 37,977 GEOs at the El Castillo Complex (18,984 from the El Castillo mine and 18,993 from the San Agustin mine) located in the State of Durango, Mexico and 13,681 GEOs at the La Colorada mine located near Hermosillo, Sonora, Mexico.  During 2018, the El Castillo Complex and La Colorada mine production totaled 117,126 GEOs and 47,991 GEOs, respectively.  All dollar amounts are expressed in United States dollars unless otherwise specified.

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