Argonaut Gold Inc. announced production results from El Castillo and La Colorada for the fourth quarter and full year ended December 31, 2013. For the quarter at El Castillo, the company reported total tonnes mined of 7,574,000 compared with 6,695,000 for the same period a year ago. Total ore tonnes mined was 3,764,000 compared with 3,321,000 for the same period a year ago. Gold produced was 20,848 oz compared with 25,805 oz for the same period a year ago.

For the full year at El Castillo, the company reported total tonnes mined of 26,997,000 compared with 24,052,000 for the same period a year ago. Total ore tonnes mined was 13,621,000 compared with 11,962,000 for the same period a year ago. Gold produced was 94,804 oz compared with 87,712 oz for the same period a year ago.

For the quarter at La Colorada, the company reported total tonnes mined of 4,536,000 compared with 2,945,000 for the same period a year ago. Total ore tonnes mined was 434,000 compared with 923,000 for the same period a year ago. Gold produced was 7,017 oz compared with 6,195 oz for the same period a year ago.

For the full year at La Colorada, the company reported total tonnes mined of 16,335,000 compared with 7,174,000 for the same period a year ago. Total ore tonnes mined was 1,747,000 compared with 3,332,000 for the same period a year ago. Gold produced was 22,544 oz compared with 20,369 oz for the same period a year ago.

The company provided production and capital spending guidance for the full year of 2014. For the full year of 2014, the company expects to produce gold production of 135-155,000 gold equivalent ounces. El Castillo - 90-100,000 gold ounces and La Colorada - 45-50,000 gold equivalent ounces. Sustaining capital program of $6 million, and $11 million on capitalized stripping at La Colorada; Expansion capital program of $70 million; Exploration program of $5 million for in-fill and step-out drilling primarily focused at San Agustín and La Colorada. Total anticipated spending by project: El Castillo - $11 million, split 60% sustaining and 40% expansion; La Colorada - $3 million expansion capital and $11 million on capitalized stripping; San Antonio - $56 million capital expansion subject to permits being granted; San Agustin - $3 million expansion capital; Magino - $4 million expansion capital.