PRECIOUS METALS

Argonaut reports Q4 net loss and Magino headache continues

Canada’s Argonaut Gold reported a net loss of US$37.3 million, or loss per share of US$0.12, in the fourth quarter of 2021. The company is hoping to secure financing in the second quarter of this year to fund the remainder of the Ontario Magino construction – which has seen cost blow-outs that recently lead to the sacking of the company’s CEO.