Argonault suspends mining in Mexico

Argonaut Gold's El Castillo gold mine in Mexico. (Image courtesy of Argonaut Gold).

Argonaut Gold (TSX: AR) announced Wednesday it is halting mining activities in Mexico to comply with the government-mandated suspension all non-essential businesses until April 30.

Mexico's mining sector, one of the country's major industries, will be able to continue operations only deemed to be essential during the public health crisis caused by coronavirus.

Given that Argonaut operates heap leach mines, the company expects metal production and metal sales will continue during the temporary suspension of mining activities.

To date, there are no known or suspected cases of covid-19 infection at any of the company's operations, projects or corporate offices, the company said.

Argonaut is withdrawing its full-year guidance across all operations.

During 2019, Argonault's El Castillo Complex and La Colorada mine in Mexico produced 131,277 gold equivalent ounces (GEOs) and 55,338 GEOs, respectively.