09:49 AM EST - Argonaut Gold Inc. : Provides updated 2020 guidance following the temporary suspension of guidance due to uncertainties surrounding the COVID-19 pandemic, including Florida Canyon following the merger with the Alio Gold Inc. on July 1. The Company expects to produce between 210,000 and 230,000 gold equivalent ounces, which is anticipated to generate between $62 million and $87 million in free cash flow at $1,700 gold, including the recently acquired Florida Canyon mine, during 2020. During the second quarter, Argonaut's existing Mexican operations generated approximately $23 million of FCF and, the Company ended June 30, 2020 with approximately $65 million in cash and $7 million drawn on its corporate revolving credit facility. All amounts are US dollars unless otherwise stated. Argonaut Gold Inc.
shares T.AR are trading down $0.04 at $2.94.
