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Argonaut gets in on Primero fire sale

Argonaut Gold (CN:AR) is picking up the Cerro del Gallo mine in Guanajuato, Mexico, from struggling Primero Mining (CN:P).

Cameron French in Toronto
Argonaut is adding to its Mexico gold/silver portfolio. Pictured is its La Colorada mine in Hermosillo

Argonaut is adding to its Mexico gold/silver portfolio. Pictured is its La Colorada mine in Hermosillo

Argonaut will pay US$15 million in cash for the project, which is the just the latest asset jettisoned by Primero as it tries to pay down debt. Primero sold its Black Fox mine for a bargain $35 million...

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