TORONTO, Aug. 10,
2023 /CNW/ - Argonaut Gold Inc. (TSX: AR)
(the "Company", "Argonaut Gold" or "Argonaut") is pleased to
announce the appointment of Ms. Janet
Yang to the Board of Directors of Argonaut Gold, effective
August 10, 2023.
Ms. Yang is Research Director, Energy and Mining at GMT Capital
Corp. Prior to joining GMT Capital Corp., from 2018 to 2023, Ms.
Yang was Executive Vice President and Chief Financial Officer of
W&T Offshore, Inc., a Texas-based oil & gas exploration and
production company traded on the New York Stock Exchange. Ms. Yang
has extensive experience in finance and capital raising and holds
an MBA from Booth School of Business at the University of Chicago, and a BA in Economics from
Rice University.
GMT Capital Corp. is the global long/short equity investment
manager of the Bay Resource Partners Funds. Founded by
Tom Claugus in 1993. GMT Capital is
a 29% shareholder of Argonaut Gold holding 254,218,462 of the
Company's outstanding shares.
"As part of our vision to become a low-cost, mid-tier North
American gold producer, we continue to build a board and management
team that supports a culture of good governance and operational
excellence. We look forward to Ms. Yang's invaluable perspectives
as we continue to execute on our mission to deliver asset growth
and create significant value for stakeholders," stated James E. Kofman, Chairman of the Board.
About Argonaut Gold
Argonaut Gold is a Canadian gold company with a portfolio of
operations and multi-stage assets in North America. Focused on becoming a low-cost,
mid-tier gold producer, the Company is in the commissioning phase
at its Magino Mine, located in Ontario,
Canada. Magino is expected to achieve commercial production
in the third quarter of 2023 and become Argonaut's largest and
lowest cost mine. The ramp-up of Magino will be the first step in
transforming the Company as it enters a pivotal growth stage. The
Company also has three operating mines including the Florida Canyon
mine in Nevada, USA, where it is
pursuing potential for redevelopment and additional growth,
La Colorada mine in Sonora, Mexico and San Agustin mine in Durango, Mexico. Argonaut Gold trades on the
Toronto Stock Exchange (TSX) under the ticker symbol "AR".
www.argonautgold.com
SOURCE Argonaut Gold Inc.