Umbra Magino Stool with Intergral Magazine Rack, Clear, H 42cm, B 43cm, L 29cm

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An in-fill drill program is also underway on the oxide resources, which is expected to be completed by year end. Argonaut noted it is also pursuing additional growth opportunities at Magino, adding that the company is scheduled to begin a 12 to 15-month exploration and reserve development program, in the third quarter, to convert open pit resources to reserves within the current resource pit cone, test deep underground high-grade targets, and test open pit targets along strike west of the current deposit.

The 63,000-metre reserve development drill program began on schedule on August 1 and is expected to be completed by mid-2024. The goal is to increase proven and probable reserves by between 500,000 and 1.0 million ounces of gold. Meanwhile, the company produced 38585 gold-equivalent ounces in the first quarter, which was 30% below that of a year earlier, owing to lower ore tonnes mined and lower grades placed on the leach pads at its three Mexican operations, as part of the wind down of those operations. High-voltage transmission lines, initially above-ground but then buried, and connected to the civil power grid, provided electric power to the many fortifications and fortresses. Argonaut Gold is a Canadian gold company with a portfolio of operations and multi-stage assets in North America. 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.Magino is a long life, low cost mine in an outstanding mining jurisdiction. This debt financing arrangement, alongside the proposed equity financing, will put Argonaut Gold in a strong financial position to complete the Magino project and move it forward into production by the end of Q1 2023,” said president and CEO Larry Radford. Argonaut said the slow ramp-up means Magino will not hit its gold target of between 72,000 ounces and 81,000 ounces for this fiscal year. But Magino should be squared away by 2024 to produce 148,000 ounces in its first full year of production.

In January 1923, after Weimar Germany defaulted on reparations, the French Premier Raymond Poincaré responded by sending French troops to occupy Germany's Ruhr region. During the ensuing Ruhrkampf ("Ruhr struggle") between the Germans and the French that lasted until September 1923, Britain condemned the French occupation of the Ruhr. A period of sustained Francophobia broke out in Britain, with Poincaré being vilified in Britain as a cruel bully punishing Germany with unreasonable reparations demands. The British—who openly championed the German position on reparations—applied intense economic pressure on France to change its policies towards Germany. At a conference in London in 1924 to settle the Franco-German crisis caused by the Ruhrkampf, the British Prime Minister Ramsay MacDonald successfully pressed the French Premier Édouard Herriot to make concessions to Germany. The British diplomat Sir Eric Phipps, who attended the conference, commented afterwards that:

Argonaut envisions a two-year construction period, with first gold production at Magino expected to start during the first half of 2023.

We believe organic growth through mineral resource expansion will deliver significant value within the Company's asset base and lays the long-term foundation to grow our current production profile as we seek to become a low-cost, midtier North American gold producer," comments Young.Our depth of experience on similar projects, as well as across the region, was fundamental in our securing this assignment – delivering the schedule and cost certainty Argonaut needed with an EPC contract. Our teams from Perth, Vancouver, Burlington, Toronto and Halifax were able to coordinate their expertise seamlessly to improve the efficiency of the flowsheet, and provide our client with capital cost reductions that would help them secure the financing needed to move the project forward. To that end, during the third quarter, while commissioning the Magino mill, the company will start a reserve development drilling programme intended to increase reserves in combination with engineering studies to increase mill throughput.

Plant ramp up was delayed due to 20 days of unplanned downtime in September. This was the result of facilitating equipment repairs and plant reliability issues centred on the process control system, which is comprised of several disparate systems. The plant has been largely operating at nameplate TPOH capacity since the beginning of the fourth quarter.Cash cost figures are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is considered the accepted standard of reporting cash cost of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. The defences were first proposed by Marshal Joseph Joffre. He was opposed by modernists such as Paul Reynaud and Charles de Gaulle, who favoured investment in armour and aircraft. Joffre had support from Marshal Henri Philippe Pétain, and the government organised many reports and commissions. André Maginot finally convinced the government to invest in the scheme. Maginot was another veteran of World War I; he became the French Minister of Veteran Affairs and then Minister of War (1928–1932). Drilling concluded in the 1,250 metre West sulfide program in July and logging and analysis work is ongoing. French plans for an offensive in the 1920s were realistic, as Versailles had forbidden German conscription, and the Reichswehr was limited to 100,000 men. Once the French forces left the Rhineland in 1930, this form of leverage with the Rhineland as collateral was no longer available to Paris, which from then on had to depend on Berlin's word that it would continue to abide by the terms of the Versailles and Locarno treaties, which stated that the Rhineland was to stay demilitarised forever. [18] Given that Germany had engaged in covert rearmament with the co-operation of the Soviet Union starting in 1921 (a fact that had become public knowledge in 1926) and that every German government had gone out of its way to insist on the moral invalidity of Versailles, claiming it was based upon the so-called Kriegsschuldlüge ("War guilt lie") that Germany started the war in 1914, the French had little faith that the Germans would willingly allow the Rhineland's demilitarised status to continue forever, and believed that at some time in the future, Germany would rearm in violation of Versailles, reintroduce conscription and remilitarise the Rhineland. [18] The decision to build the Maginot Line in 1929 was a tacit French admission that without the Rhineland as collateral, Germany was soon going to rearm and that the terms of Part V had a limited lifespan. [18] German economic superiority [ edit ] Production during the third quarter measured 53,911 gold ounces, including pre-commercial production of 10,693 ounces.