Argonaut Gold Announces Record Quarterly Production of 59,704 Gold Equivalent Ounces, Record Quarterly Revenue of $105.3 Million and Earnings per Share of $0.09

TORONTO, May 4, 2021 /CNW/ – Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce its financial and operating results for the first quarter ended March 31, 2021.  The Company reports record quarterly production of 59,704 gold equivalent ounces1 (“GEO” or “GEOs”), record quarterly revenue of $105.3 million, cash flow from operating activities before changes in operating working capital of $27.7 million and net income of $27.0 million or earnings per share of $0.09.  All dollar amounts are expressed in United States dollars, unless otherwise specified (C$ refers to Canadian dollars).

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