North American intermediate gold producer Argonaut Gold, which last month closed the acquisition of Alio Gold, is forecasting significant free cash flow in the second half of the year, CEO Pete Dougherty said on Tuesday.
At $1 900/oz, the company would generate between $49-million and $79-million of free cash flow in the six months to December 2020.
“We are in a position to deliver significant free cash flow through the remainder of the year, which bodes well for the execution of our transition strategy of developing our lower-cost, longer-life pipeline of growth assets,” Dougherty said.