“Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets are the production stage El Castillo mine in Durango, Mexico, and LA COLORADO MINE IN SONORA  MEXICO. Advanced exploration stage projects include the San Antonio project in Baja California Sur, Mexico, the Magino project in Ontario, Canada and the San Agustin project in Durango, Mexico. The Company also has several exploration stage projects, all of which are located in North America.

Expansion Projects for 2015
The Company plans on investing approximately $37 million on capital expenditures and exploration initiatives in 2015. Major capital expenditures in 2015 are expected to include approximately $16 million at El Castillo (including $4 million in leach pad expansion, $6 million in sustaining capital and $6 million on capitalized stripping), $11 million at La Colorada (including $3 million in leach pad expansion, $2 million in sustaining capital and $6 million on capitalized stripping), $2 million at Magino, $2 million at San Antonio and $2 million at San Agustin. EXPLORATION EXPENDITURES in 2015 are expected to amount to APPROXIMATELY   $4 million.”

So how’s  about  $5-7 million for $600,000,000 worth  49%  of a new  million oz  project?  10,000 % gain. 8

http://www.argonautgold.com/news_events/news/index.php?&content_id=185