TORONTO, March 1, 2022 /CNW/ – Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2021.  For 2021, the Company reports record annual production of 244,156 gold equivalent ounces² (“GEO” or “GEOs”), record annual revenue of $436.9 million and record annual cash flow from operating activities before changes in non-cash operating working capital and other items of $124.9 million, net income of $26.5 million or earnings per basic share of $0.09 and adjusted net income³ of $57.1 million or adjusted earnings per basic share³ of $0.19.  For the fourth quarter 2021, the Company reports production of 61,926 GEOs, revenue of $102.9 million, cash flow from operating activities before changes in non-cash operating working capital and other items of $18.3 million, net loss of $37.3 million or loss per share of $0.12, and adjusted net income³ of $10.2 million or adjusted earning per basic share³ of $0.03.  All dollar amounts are expressed in United States dollars, unless otherwise specified (C$ refers to Canadian dollars).