TSX-listed Argonaut Gold produced 186 615 gold-equivalent ounces (GEOs) in 2019, which, although a new record, fell short of the Mexico-focused miner’s target of 200 000 GEOs.
The shortfall of the 2019 guidance was driven by a number of factors. which contributed to the build-up of leach pad inventory, president and CEO Pete Dougherty said on Friday.
The miner produced 47 51 GEOs in the fourth quarter, including 34 899 GEOs at the El Castillo Complex, in Durango, Mexico and 12 622 GEOs at the La Colorada mine in Sonora, Mexico.