The bosses at Argonaut Gold seem pleased that construction of the Magino Mine, outside Dubreuilville, is back on track after some inflationary turbulence threw a scare into the Toronto gold company.
Argonaut founder Pete Dougherty departed just before Christmas and 35-year mining veteran Larry Radford arrived in March as the new president-CEO to steer Magino over the finish line. Commercial gold production starts in the third quarter of 2023. Full production will be achieved by next year’s fourth quarter.Located in the thick of a historic and revived gold camp, Magino is situated just west of the Island Gold Mine, now undergoing a third wave of expansion by Alamos Gold.
Senior management highlighted some project milestones reached as the roof and cladding is finished on the processing plant at the site.
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