Argonaut Gold Announces Fourth Quarter and Full Year Financial and Operating Results, Meets 2018 Production and Cost Guidance


TORONTO, Feb. 19, 2019 /CNW/ – Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces its financial and operating results for the fourth quarter and year ended December 31, 2018.  The Company reports quarterly and full year net loss of $17.5 million and $7.6 million or loss per share of $0.10 and $0.04, respectively, adjusted net income1 of $2.5 million and $16.4 million and adjusted earnings per share1 of $0.01 and $0.09, respectively, derived from the sale of 42,328 and 155,480 gold equivalent ounces2 (“GEO” or “GEOs”), respectively, which generated cash flow from operations before working capital changes of $9.2 million and $58.1 million, respectively.  During 2018, the Company achieved record quarterly and annual production of 51,658 and 165,117 GEOs, respectively.  All dollar amounts are expressed in United States dollars unless otherwise specified.

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