Argonaut Gold Announces Second Quarter 2020 Operating and Financial Results, Including $23 Million of Free Cash Flow; Provides Second Half 2020 Free Cash Flow Guidance

Q2-2020-Operating-and-Financial-results-FINAL1SEDAR

TORONTO, Aug. 11, 2020 /CNW/ – Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces its operating and financial results for the second quarter ended June 30, 2020.  The Company reports quarterly production of 31,531 gold equivalent ounces[1] (“GEO” or “GEOs”), $23.4 million of free cash flow[2] (“FCF”), cash flow from operating activities before changes in operating working capital of $11.8 million, net loss of $7.7 million or loss per share of $0.04 and adjusted net income2 of $8.5 million or adjusted earnings per basic share2 of $0.05.  All dollar amounts are expressed in United States dollars, unless otherwise specified (C$ refers to Canadian dollars).

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