April 12 (Reuters) - Argonaut Gold Inc AR.TO :
* ARGONAUT GOLD PROVIDES UPDATE AT ITS LA COLORADA MINE
* UNIT THAT OWNS LA COLORADA MINE HAS HAD ITS PERMIT FOR USE OF EXPLOSIVES AT SITE TEMPORARILY SUSPENDED
* WHOLLY-OWNED SUBSIDIARY THAT OWNS LA COLORADA MINE HAS HAD ITS PERMIT FOR USE OF EXPLOSIVES AT SITE TEMPORARILY SUSPENDED
* UNIT HAS HAD ITS PERMIT FOR USE OF EXPLOSIVES AT SITE TEMPORARILY SUSPENDED DUE TO PENDING LEGAL ACTION
* STOCKPILES AT LA COLORADA MINE ARE SUFFICIENT THAT OPERATIONS WILL CONTINUE NORMALLY THROUGH AT LEAST APRIL 16, 2018
* THE PENDING LEGAL ACTION WAS BROUGHT BY FOUR INDIVIDUALS AGAINST SECRETARY OF NATIONAL DEFENSE AND MUNICIPALITY OF LA COLORADA
* CLAIM IS BASED ON ASSERTIONS THAT EXPLOSIVE PERMIT SHOULD NOT HAVE BEEN GRANTED
* ACTIVITIES AT LA COLORADA MINE CONTINUE UNAFFECTED
* DOES NOT ANTICIPATE ANY SIGNIFICANT NEAR TERM IMPACT TO PROCESSING OPERATIONS