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Investor Presentaiton

Liquidity & 2023 Outlook Liquidity Overview Outstanding (as at June 30, 2023) Undrawn (as at June 30, 2023) Cash and Cash Equivalents $72M Loan Facilities Term Loan $200M Revolving Credit Facility $30M $20M ARGONAUT GOLD Finance Activities . Obtained a waiver on certain financial covenants on the Loan Facilities to maintain compliance Company has sufficient funds to complete financial obligations over the next twelve months Increased guidance relates to exploration and reserve development programs at Magino and Florida Canyon which is expected to be $10M higher than planned On track to achieve full year guidance TSX: AR | 5
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