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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Archipelago Res | AR. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 57.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 57.75 | 57.75 |
| Top Posts |
|---|
Posted at 28/12/2023 00:33 by stu31 Operational Update at Argonaut’s Magino MineTORONTO, Ontario - (December 18, 2023) Argonaut Gold Inc. (TSX: AR) (the “Company” “Argonaut Gold” or “Argonaut̶ Increased Mill Head Grade As previously announced by Argonaut, the Magino Mine began producing gold in June of this yearand achieved commercial production effective November 1, 2023. During the early commissioning period, the Magino Mine faced challenges as it transitioned into a steady feed of higher grade ore, in-line with the Magino Technical Report. Following the implementation of improved mining practices in late October, the operations have delivered a consistent increase in feed grade to the mill, which have averaged at or above the life of mine reserve grade. The improvements at the Magino Mine include greater ore selectivity and more effective dilution control and are intended to align the operational results with the Magino Technical Report. Technical and Operational Improvements During November, the Company planned and executed a test campaign at the mine site using OREPro3D on a test block of high-grade ore. The software program created a test block including ore tonnes and grade, before and after blasting, that was then flitch mined and batch tested through the mill. The average estimated grade of the test block was 1.53 grams per tonne, including external dilution, while 1.50 grams per tonne was received at the mill, demonstrating that strong grade control practices are working well. "Implementing the right technology is expected to be instrumental to our success. We believe that OREPro3D will play a pivotal role in providing precise data for blast movement," said Marc Leduc, Chief Operating Officer of Argonaut Gold. “Based on the excellent results of this test campaign, the Mine is currently installing the software and carrying out training, which should be completed by the end of the year. We are also in the process of implementing a high precision GPS fleet management system in our 4 principle loading tools, anticipated to be completed by year end, which is also expected to further enhance grade control, mining efficiency and minimize dilution of ore delivered to the mill.” In addition to investments in the GPS fleet management system to improve mining selectivity by enabling more precise identification of ore and waste blocks to operators, given the Magino ore body is not visually controlled, the Company is also working to improve mining productivity by optimizing the payload capacity of the current truck fleet. The Company expects these changes will result in increased haulage capacity. While these improved mining and reconciliation results from this recent test block are based on a limited operational phase and scope, the Company expects implementation of these technical and operational enhancements will afford the Company a significantly greater ability to mine more accurately and selectively, thereby increasing the predictability of grades from the mine to the mill on a go forward basis. Investment in Exploration and Expansion A portion of the Company’s recent equity offering is dedicated to sustaining an ongoing infill drill program which the Company intends to use to support resource and reserve updates, as appropriate. The results from phase one of this program are expected to be released in March of 2024, with a further report anticipated in the third quarter of 2024. The Company has engaged Lycopodium Limited, an international engineering firm, to complete a plant optimization and expansion study towards the goal of increasing throughput. The capital cost to complete the optimization work is not expected to be material and should, if supported by the study, largely be completed by the end of 2024. The overall objective of the optimization and expansion study is to increase plant throughput to between 17,500 to 20,000 tonnes per day. The Company hopes this work will support an expansion study forming part of an updated technical report for the Magino Mine by the end of third quarter of 2024. “The goal is to build Magino into a 200,000 to 250,000 ounce per year gold mine. Through the year, we have strengthened our team, processes, and technology, all of which are critical tobuilding Magino into a large, low-cost, long-life gold mine,” stated Richard Young, President and Chief Executive Officer of Argonaut Gold. About Argonaut Gold Argonaut Gold is a Canadian-based gold producer with a portfolio of operations in North America. Focused on becoming a low-cost, mid-tier gold producer, the Company's flagship asset, Magino Mine, is expected to become Argonaut's largest and lowest cost mine. The Company is pursuing potential for re-development and additional growth at the Florida Canyon Mine in Nevada, USA. Together, the Magino and Florida Canyon mines are the Company's cornerstone assets that will drive Argonaut through this pivotal growth stage. The Company also has two additional operating mines in Mexico, the La Colorada Mine in Sonora and the San Agustin Mine in Durango. Argonaut Gold trades on the Toronto Stock Exchange (TSX) under the ticker symbol "AR" |
Posted at 28/12/2023 00:25 by stu31 Argonaut Gold Closes Previously Announced C$85 Million Bought Deal Public OfferingToronto, Ontario – (December 12, 2023) Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold"or "Argonaut") is pleased to announce it has closed its previously announced public offering (the "Offering") of 223,685,000 common shares of the Company (the "Offered Shares") at a price of C$0.38per Offered Share for gross proceeds to the Company of C$85,000,300, including the exercise in full of the underwriters' over-allotment option. The Offering was completed on a "bought deal" basis by a syndicate of underwriters co-led by Cormark Securities Inc., BMO Capital Markets and Scotia Capital Inc., and including RBC Dominion Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Paradigm Capital Inc. and Laurentian Bank Securities Inc. The net proceeds of the Offering will be used to fund developmet and optimization of the Company's Magino and Florida Canyon mines and for general working capital purposes. |
Posted at 30/4/2020 15:06 by cpap man Star fund manager Terry Smith has warned income investors reeling from huge dividend cuts amid the coronavirus crisis that worst is to come.Shell (RDSB) has delivered the latest and most significant blow to UK income investors in cutting its dividend for the first time since World War Two. Financial administration company Link has forecast that dividends from the UK stock market could halve this year as company revenues have plunged, with large portions of the global economy grinding to a halt under lockdowns imposed to contain the spread of the coronavirus pandemic. Banks have cancelled payouts under pressure from the Bank of England, which has praised the ‘prudent decision’ by a number of insurers to shelve payouts. Writing in the Financial Times, Citywire AAA-rated fund manager Smith said the dividend cover among the FTSE 100’s biggest dividend payers suggested income investors were set for more pain. ‘I suspect that the really bad news for equity income investors is yet to surface,’ he said, pointing to dividend cover of an average of 1.3 times for the 20 highest yielding UK blue-chip stocks in mid-April, and 1.1 times for the 20 biggest dividend payers in absolute terms. ‘Over time, dividend cover for most businesses cannot be sustained at 1.1-1.3 times, as most of them need retained earnings in order to grow,’ he said. ‘I would suspect that the boards of companies which have passed the dividend will indeed not be allowing a good crisis to go to waste and will return with a much smaller and more sustainable dividend which will mean lower yields for equity income investing.’ Smith, manager of the £16.7bn Fundsmith Equity fund, is a longstanding critic of income investing, and renewed his attack on UK equity income funds. He said fund manager trade body the Investment Association’s decision to suspend the yield requirements on funds in its UK Equity Income sector was ‘bad news for equity income investors’. ‘It’s not as if these requirements were exactly stringent to begin with,’ he added. Funds in the sector are normally required to provide 90% of the income of the FTSE All-Share over 12 months and yield more than the index over rolling three-year periods. ‘I have long said that no-one should invest in equities for income,’ he said. ‘If you had invested in the UK Equity Income sector over the past five years, you would on average have lost nearly 1.3% a year.’ Smith is an advocate of total return investing, arguing those who require income should sell some of their holdings, rather than rely on dividend payments, to provide it. ‘However, I realise that for many investors, the idea of realising part of their capital to provide income is anathema,’ he said. ‘If you insist on investing in for dividend income, consider investing alongside a family which founded and has control of a public company. Out of the 47 stocks in the Stoxx Europe 600 that are ‘‘family influenced’ ‘Investing alongside them can help to preserve your income too, and in this market environment you may get some attractive opportunities to do so.’ |
Posted at 19/10/2017 07:00 by cpap man 10 top income stocks for risk averse dividend investors - Stockopedia and Ben Hobson | 18th October 2017Big companies with high dividend yields are naturally popular with income-focused investors. But they don't always turn out to be the safe, reliable investments that their owners had hoped for. This year we've seen dividend cuts at some of the market's highest yielding stocks, including TalkTalk (TALK), Carillion (CLLN), Admiral (ADM) and Provident Financial (PFG). These companies saw their share prices savaged after slashing their payout, landing a double hit for their weary shareholders. On these occasions, share prices and dividend payouts recover at very different and unpredictable rates, and some don't recover at all. It shows just how important it is to try and avoid the risk of a dreaded high yield trap - but how? One answer is to take inspiration from a successful approach used by a handful of investment firms, such as Societe Generale, Fidelity and Investec. It's called Quality Income, and as the name suggests it zeroes in on high yields in good quality stocks. What does financial quality look like? The simple idea behind Quality Income is that financially strong firms don't often have to slash their dividend payouts. For Investec, for example, 'economic moats' are the definition of quality. Their strategy looks for above average yields in firms that are growing their dividends and have sustainable businesses protected by competitive advantages. By comparison, Fidelity's Quality Income approach ranks high yield firms according to a string of measures that focus on cash flow, profitability and low debt. Again, they target firms with a record of growing dividends that are well covered by earnings. Finally, Societe Generale, which was an architect of Quality Income strategies, looks for high (but not excessive) yields in firms with strong balance sheet health and low bankruptcy risk. It's a strategy that has worked impressively well since it was launched as an index in 2012. A focus on dividend quality For individual investors, there is a lot that can be learned from these approaches. A strategy tracked by Stockopedia that models Quality Income rules has managed a 14% return over the past year - not including dividends, which would have pushed the performance higher. Put simply, the strategy looks for stocks with a yield of more than 4% (but less than 15%) in companies with a minimum market cap of £800 million. Each firm should pass at least seven of the nine checks in the Piotroski F-Score (I looked closely at this checklist in a recent article for Interactive Investor). The F-Score looks for improving trends in a company's profitability, debt, liquidity, share dilution and operating efficiency. The strategy also checks for any risk that a company might go bust by using another accounting checklist called the Altman Z-Score. Financial stocks are excluded from the results. To get a broader view of each company's quality, I've also included Stockopedia's Quality Rank. This scores and ranks each company against a range of 'quality' measures and brings them together in a single number - the higher the better. Name Mkt Cap £m Forecast Yield % Piotroski F-Score (financial strength from 1-9) Quality Rank Sector Stagecoach 922.5 7.5 7 67 Industrials Taylor Wimpey 6,622 7.3 8 97 Consumer Cyclicals Centrica 9,765 7.1 7 59 Utilities SSE 14,198 6.9 7 65 Utilities Royal Mail 3,874 6.3 8 90 Industrials Barratt Developments 6,879 6.1 7 86 Consumer Cyclicals BP 97,213 6 7 62 Energy Dixons Carphone 2,168 5.7 7 69 Consumer Cyclicals Marks and Spencer 5,700 5.4 7 82 Consumer Cyclicals Rio Tinto 65,961 4.7 7 80 Basic Materials This strategy picks up a broad range of stocks on forecast yields for the next financial year of more than 4.7%. As demanded by the rules, these firms all have strong balance sheet health trends, as measured by the Piotroski F-Score. And for the most part they also have decent Quality Rank scores. While the strategy pairs high yield and high quality, it still manages to pick up some of the most popular names among income investors. Topping the list with yields of more than 7% are the transport group Stagecoach (SGC), housebuilder Taylor Wimpey (TW.) and the energy giant Centrica (CNA). The rest are all big-name dividend shares ranging from SSE (SSE), BP (BP.) and Rio Tinto (RIO) to Royal Mail (RMG), Dixons Carphone (DC.) and Marks & Spencer (MKS). Comfort for risk averse investors There has been a string of dividend cuts among high profile, high yield stocks this year. Usually these have coincided with reports of poor financial performance. Put together, these events have left investors nursing the pain of reduced dividend payouts and tumbling share prices. While it's impossible to fully isolate a portfolio from the misery of a dividend cut, there are strategies that can offer some protection. Quality Income brings together above-average yields with robust financial quality to shine a spotlight on companies that are less likely to hit trouble. For risk-averse dividend investors, it's a strategy that could offer some extra comfort. |
Posted at 01/10/2013 07:18 by lfc4ever one would imagine that the jitters in the US will be bad for equities, good for gold and thus good for ar. And thus good for us. Oh- hold on a moment... |
Posted at 27/9/2013 13:32 by contrarian2investor I already hold AAZ, so I have bought some more this morning with the cash due from AR. Wish me luck. GLA |
Posted at 27/9/2013 12:51 by contrarian2investor Hi all fellow AR. shareholders, As private investors we have been robbed by the very people entrusted to run the company! Courtesy of Proactive Investor. Please ensure you read the last paragraph. It is very telling! Archipelago Resource (AR/LN) Offer for company Archipelago Resources shares jumped today on the announced offer for the company at 58 pence per share. The offer values the business at £338m . Archipelago Resources is not currently subject to the City Code on Takeovers. We suspect the offer has been timed just ahead of the rule change on London listed companies with overseas directors adhering to the UK Takeover Code which comes in on Monday. Investors are warned that if they do not accept the offer then they might get stuck with less liquid paper in an unlisted company. . "the Offer is not governed by, nor do all the terms comply with, the City Code and, following consultation with the Takeover Panel, the City Code will not apply to the portion of the Offer Period that extends beyond 29 September 2013. Accordingly, Archipelago Shareholders will therefore not be afforded the protections of the City Code in respect of the Offer." . Management target gold production of 140,000-155,000oz this year at a cost of US$620- $680/oz net of silver credits. § Good production rose 20% in H1 to 72,636oz of gold produced with a 46% yoy increase in production in Q2 to 41,061oz § The company reported cash and cash equivalents of $108.1m at the interim. Conclusion: We see the offer as opportunistic. The company is proving its value through recent gold production increases and this has reduced cash costs to $618/oz. We have to wonder why Archipelago was not previously advised to take up the UK Takeover Code for better shareholder protection as other miners have done? |
Posted at 27/9/2013 07:58 by contrarian2investor Not happy, AR. is getting taken over cheaply for 58p. Yes, I made have a nice return but this offer severely undervalues the company. I will now have to keep digging and find some other mining opportunities.Archipelago Resources plc ("Archipelago" or "the Company") Unconditional Recommended Cash Offer by PT Rajawali Corpora to acquire the entire issued and to be issued share capital of Archipelago Resources plc not already owned by PT Rajawali Corpora or its associated undertakings. |
Posted at 27/8/2013 09:48 by contrarian2investor I have added my third (final)tranche of AR. at 48p. I am going with the trend and running my winners. With GOLD now above $1400 and heading into the height of GOLD buying season, AR. should continue higher. GLA |
Posted at 26/4/2013 14:41 by yorgi From final results :DIVIDEND In recognition of Archipelago's strong cash generating profile, the Company announced the adoption of a dividend policy on 4 March 2013, targeting payment of dividends equivalent to at least 10% of operating cash flows. Subject to the matters referred to below, Archipelago anticipates paying: -- an inaugural "interim dividend" of 1.25p per ordinary share, representing approximately 12% of the Company's FY 2012 operating cash flows; and -- a further one-off "special dividend" of 1p per ordinary share, as recognition of shareholder support during the development and commissioning phases of the Toka Tindung Gold Mine. Resolutions will be proposed at the upcoming Annual General Meeting ("AGM"), which is provisionally scheduled for 30 May 2013, seeking approval of (i) the dividend payments as required under the Company's constitution, and (ii) a reduction of the Company's share premium account to create distributable reserves (as the parent company itself does not currently have distributable reserves to allow for these payments). Reduction of the share premium account is also subject to a court approval process, which is expected to be completed by the end of June 2013. The Company anticipates that following (and subject to) completion of these approvals the record date will be in mid to late July 2013 with payment following soon after. The Company will inform shareholders of the precise record date and payment date as soon as it is able to do so. |
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