Argonaut Gold has secured financing to finish construction of its Magino open-pit mine near Dubreuilville.
The Toronto mining company announced July 5 that it has raised $195.3 million through a common share offering.
Argonaut announced in December that the cost to complete the open-pit mine had jumped from $510 million to $800 million, attributing the increased costs to inflation and the pandemic.
Over the spring, the company said it was considering its “financing and strategic” options to push the project over the finish line.
