The Investment Doctor
Long/short equity, value, debt, base metals

Argonaut Gold: Smart Production Growth?

Introduction

In this article I'll have a closer look at Argonaut Gold (OTCPK:ARNGF),a gold producer with producing assets in Mexico and an advanced stage multi-million ounce asset in Canada.

I'll first discuss its two producing properties as well as the two advanced assets in Mexico and Canada. Thereafter I'll have a look at Argonaut's balance sheet and expected cash flows, which will result in my investment thesis at the end. The company seems to have smart management which made the right moves in terms of M&A. Its strong growth profile is underpinned by cash flow from its currently two producing Mexican assets.

As trading is more liquid on the Toronto Stock Exchange (ticker symbol AR), I'd recommend to...

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