TORONTO, Aug. 26, 2019 /CNW/ – Argonaut Gold Inc. (the “Company”, “Argonaut” or “Argonaut Gold”) (TSX: AR) announces the Company has entered into a series of zero-cost collar option contracts, which were approved by the Board of Directors. The contracts cover a total of 145,500 ounces of gold through mid-2022. The floor price of the monthly gold collars has been set at $1,450/oz with the ceiling price of the collars ranging from $1,630/oz in the fourth quarter (“Q4”) of 2019 to $1,760/oz for the first half (“H1”) of 2022. The Company will realize the actual gold sales price if the price of gold remains within the range of the collars.