Investor Presentaiton

Consolidated Q2 GEOS Production Down 27% Production (Gold Equivalent Ounces 70,000 60,000 50,000 40,000 30,000 20,000 г 10,000 10 Q1 Q2 Q3 2022 Mexico 40 Q4 Q1 2023 43,492 Magino Ramp-Up is Well Underway • First gold poured mid-June Commercial production anticipated in Q3 26% Higher Production at Florida Canyon Mine . Production increase is attributed to the increase in tonnage directly placed on the leach pad 51% Lower Production from Mexico 22 • Indicative of Mexico wind-down Q2 Florida Canyon Magino Bringing Magino online transforms the production profile in 2H ARGONAUT GOLD Refer to Endnote (1) in the Appendix. TSX: AR | 6

View entire presentation