Ausenco Engineering Canada

Argonaut Gold signed a fixed bid engineering, procurement, construction and commissioning contract with Ausenco Engineering Canada for the Magino processing facility and other parts of the mining project in Ontario, Canada.

Argonaut Gold selected Ausenco Engineering Canada for the engineering, procurement, construction and commissioning contract to build the processing plant at the Magino Mine near Dubreuilville, Ontario. The contract totals approximately 40% of the mine's initial capital estimate of between $480 million and $510 million.