About four months into the planned two-year construction of Argonaut Gold’s (TSX: AR) new cornerstone Magino project in Ontario, smooth progress and encouraging new exploration results have CEO Peter Dougherty in a forward-thinking mood.

Sector attracted foreign direct investment deals valued at C$1.13 billion in 2020 – accounting for 14% of all FDI inflow into Canada from the Asia Pacific region.

The miner said will require additional funding within the next few months.

Production guidance of 180,000-200,000 ounces remains unchanged for the year.

Marathon has also concluded a MOU with the Miawpukek First Nation relating to the Environmental Assessment and development of the gold project.