Argonaut Gold Announces Receipt of Change in Use of Soil Permit and Construction Decision for its 100% Owned San Agustin Project|
Pete Dougherty, President & CEO stated: With the receipt of the final major permit for San Agustin and an expected after-tax IRR of 50%, the board approved the construction of the project. We view San Agustin as a low-risk, high-return project where we are able to utilize numerous synergies with our nearby operating El Castillo mine. The El Castillo and San Agustin deposits are very similar geologically, as is the characterization of mineralization. This allows us to incorporate similar mining and processing procedures at San Agustin that we currently utilize at El Castillo.









