While Argonaut Gold (OTCPK:ARNGF) shares have risen thus far in 2014 they have underperformed those of other junior gold mining companies. We can see this by looking at a chart of Argonaut shares in terms of the Market Vectors Junior Gold Mining Index (NYSEARCA:GDXJ).
(click to enlarge)
The big dip you see in January came after the company released its 2013 production figures and 2014 production guidance. Investors were disappointed that production at the company's El Castillo gold mine isn't living up to the expectations set forth in the company's November 2010 technical report. While this report predicts 115,000 ounces of annual production the company produced just 95,000 ounces in 2013 and its guidance for...
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