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Argonaut Gold appeals ruling on La Colorada permit amid more delays

A court hearing over Argonaut Gold Inc.'s suspended explosives permit at the La Colorada gold mine in Mexico has been delayed again.

In a May 17 update, Argonaut said the hearing has been rescheduled to June 4. It had said the hearing was scheduled — after a previous delay — for May 16.

Meanwhile, Argonaut reiterated that it had enough stockpiles to keep La Colorada running until the end of July. Argonaut said that if the permit is reinstated by Aug. 1, it could maintain its 2018 guidance of between 165,000 and 180,000 gold equivalent ounces.

Argonaut added that it has appealed the original decision suspending its explosives permit, which it needs to mine La Colorada.