Gold Miner Raises Equity

Mexican-focused Canadian miner Argonaut Gold has raised CAD115m ($117m) through the exercise of equity warrants, in order to help fund mining projects. Investors received one common share in exchange for each warrant and a CAD4.50 payment. Some 25.7m warrants were exercised through December 31, the company says. Argonaut’s projects include the El Castillo gold mine and La Fortuna gold-silver-copper project in Mexico’s Durango state, the San Antonio gold project in Baja California Sur and the La Colorada gold-silver project in Sonora. Argonaut shares closed at CAD9.30 Thursday.