Argonaut Gold Inc. announced production results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported gold equivalent ounce production of 34,987.

For the year, the company reported gold equivalent ounce production of 126,704, including 2,932 pre-commercial production GEOs at San Agustin.

The company anticipates it will produce between 165,000 to 180,000 GEOs during 2018 at a cash cost of between $700 to $800 per gold ounce sold and all-in sustaining costs (AISC) of between $850 to $950 per gold ounce sold. The company anticipates approximately 40% to 45% of its full year production during the first half of 2018 and 55% to 60% of production during the second half of 2018.

For the year of 2019, the company expects to produce 210,000 to 225,000 GEOs.

For the year of 2020, the company expects to produce 210,000 to 225,000 GEOs.

The company plans to invest $50 to $55 million in capital expenditures during 2018.