May 3 (Reuters) - Argonaut Gold Inc AR.TO
* Argonaut gold announces first quarter 2016 earnings per
share of $0.03; cash balance increases to $46.6 million
* Q1 revenue $35.3 million versus $51 million
* Q1 earnings per share $0.03
* Argonaut gold inc qtrly production of 32,154 geos, a 26%
decrease over q1 of 2015, but a 6% increase over q4 of 2015
* Production guidance is maintained for la
colorada,anticipated geo production for fy 2016 is expected to
be between 55,000-60,000 ounces
* Argonaut gold inc qtrly revenue of $35.3 million from
sales of 30,012 geos at an average price of $1,181 per gold
ounce
* Production guidance for 2016 at el castillo is maintained
at 75,000 to 80,000 geos
* Company maintains its plans to invest approximately $23
million on capital expenditures and exploration initiatives in
2016
Source text for Eikon: ID:nMKWXnndda
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