Magino
JDS completed a Feasibility Study for Argonaut Gold's Magino property, building on the 2016 Revised PFS. Key improvements included increasing processing capacity from 12,500 tpd to 30,000 tpd, significantly expanding reserves through a land swap with Richmont Mines and additional drilling, optimizing pit slopes to reduce strip ratio, and front-loading higher-grade material processing while stockpiling lower-grade ore. Economic highlights: after-tax NPV5% of US$321M, 19.5% IRR, 3.8-year payback, US$292M pre-production capex, and US$84M sustaining and closure costs.