Argonaut Gold Inc. announced the results of an updated pre-feasibility study for its 100% owned Magino property, located 40 kilometers northeast of Wawa, Ontario. The study was completed by JDS Energy & Mining Inc. ("JDS"), Vancouver, Canada and is based on an updated resource estimate with an effective date of December 18, 2015. The Magino project PFS more fully utilizes the resource and builds upon the study completed in January 2014.