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Postwar assessment of whether the Maginot Line served its purpose has been mixed. Its enormous cost and its failure to prevent German forces from invading France have caused journalists and political commentators to remain divided on whether the line was worthwhile. [39] [40]
Argonaut Gold (TSX:AR) is expecting to produce between 210,000 and 250,000 gold equivalent ounces in 2021. The company is shifting to longer-lived assets with greater production and lower costs. The company hopes to hit 300,000 to 500,000 ounces of production mid-decade.A mine plan was developed to supply ore to a plant with the capacity to process 10,000 tpd (3,650 ktpy). The mine is scheduled to operate two 12-hour shifts per day for 365 days per year. Magino is parked just to the west of Alamo Gold’s prolific Island Gold underground mine, now undergoing a third phase of expansion. Meanwhile, the company produced 38585 gold-equivalent ounces in the first quarter, which was 30% below that of a year earlier, owing to lower ore tonnes mined and lower grades placed on the leach pads at its three Mexican operations, as part of the wind down of those operations. Cash cost figures are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is considered the accepted standard of reporting cash cost of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies.
Phase two will extend the pit to the northeast while phase three will extend the pit to the southwest. Phases four and five will push the pit to the final wall position in the northeast and southwest, respectively. Gold processing at Magino During the three months ended September 30, 2023, the Magino mine produced 10,661 gold ounces and sold 11,454 gold ounces. Production was lower than expected due to the unplanned downtime, the delay in completing and commissioning the gravity circuit, and lower feed grades.In January 1923, after Weimar Germany defaulted on reparations, the French Premier Raymond Poincaré responded by sending French troops to occupy Germany's Ruhr region. During the ensuing Ruhrkampf ("Ruhr struggle") between the Germans and the French that lasted until September 1923, Britain condemned the French occupation of the Ruhr. A period of sustained Francophobia broke out in Britain, with Poincaré being vilified in Britain as a cruel bully punishing Germany with unreasonable reparations demands. The British—who openly championed the German position on reparations—applied intense economic pressure on France to change its policies towards Germany. At a conference in London in 1924 to settle the Franco-German crisis caused by the Ruhrkampf, the British Prime Minister Ramsay MacDonald successfully pressed the French Premier Édouard Herriot to make concessions to Germany. The British diplomat Sir Eric Phipps, who attended the conference, commented afterwards that: Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here! Cash cost per gold ounce sold" is a common financial performance measure in the gold mining industry but has no standard meaning under IFRS. The Company reports cash cost per ounce on a sales basis. We believe that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. This measure, along with sales, are considered to be key indicators of a Company's ability to generate operating profits and cash flow from its mining operations. Romanych, Marc; Rupp, Martin (2010). Maginot Line 1940: Battles on the French Frontier. Oxford: Osprey. ISBN 978-1-84603-499-2.
The company also has three operating mines including the Florida Canyon mine in Nevada, USA, where it is pursuing potential for redevelopment and additional growth, La Colorada mine in Sonora, Mexico and San Agustin mine in Durango, Mexico. The Magino mine achieved commercial production on November 1, 2023. Plant throughput has averaged 9,200 tonnes per day since the beginning of the fourth quarter, with tonnes per operating hour ("TPOH") in-line with nameplate capacity. French plans for an offensive in the 1920s were realistic, as Versailles had forbidden German conscription, and the Reichswehr was limited to 100,000 men. Once the French forces left the Rhineland in 1930, this form of leverage with the Rhineland as collateral was no longer available to Paris, which from then on had to depend on Berlin's word that it would continue to abide by the terms of the Versailles and Locarno treaties, which stated that the Rhineland was to stay demilitarised forever. [18] Given that Germany had engaged in covert rearmament with the co-operation of the Soviet Union starting in 1921 (a fact that had become public knowledge in 1926) and that every German government had gone out of its way to insist on the moral invalidity of Versailles, claiming it was based upon the so-called Kriegsschuldlüge ("War guilt lie") that Germany started the war in 1914, the French had little faith that the Germans would willingly allow the Rhineland's demilitarised status to continue forever, and believed that at some time in the future, Germany would rearm in violation of Versailles, reintroduce conscription and remilitarise the Rhineland. [18] The decision to build the Maginot Line in 1929 was a tacit French admission that without the Rhineland as collateral, Germany was soon going to rearm and that the terms of Part V had a limited lifespan. [18] German economic superiority [ edit ]
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The defences were first proposed by Marshal Joseph Joffre. He was opposed by modernists such as Paul Reynaud and Charles de Gaulle, who favoured investment in armour and aircraft. Joffre had support from Marshal Henri Philippe Pétain, and the government organised many reports and commissions. André Maginot finally convinced the government to invest in the scheme. Maginot was another veteran of World War I; he became the French Minister of Veteran Affairs and then Minister of War (1928–1932).
Zaloga, Steven (2010). Operation Nordwind 1945: Hitler's Last Offensive in the West. Osprey. ISBN 978-1-84603-683-5. When evaluating the remaining investment required to complete the Project that are critical to schedule and undertaking a detailed risk assessment of all areas that make up the EAC, there were seven areas that accounted for 90% of the risk for variance. It is estimated that these seven areas account for approximately 60% of the remaining capital. Within these seven areas, as detailed below, all have a reasonably high level of confidence after a detailed risk assessment given either the high level of engineering for these Project areas or the low level of complexity for the remaining work. During construction, about 500 to600 jobs will be created and about 350 employees will be engaged as part of ongoing operations. Observation posts were located on hills that provided a good view of the surrounding area. Their purpose was to locate the enemy, direct and correct the indirect fire of artillery, and report on the progress and position of critical enemy units. These are large reinforced buried concrete bunkers, equipped with armoured turrets containing high-precision optics, connected with the other fortifications by field telephone and wireless transmitters (known in French by the acronym T.S.F., Télégraphie Sans Fil).
Mining methods at the Magino gold project
Magino is a conventional open-pit mining operation with drilling and blasting, load, and haul methods. In the third quarter, Argonaut reported consolidated gold production of 53 911 gold equivalent ounces (GEOs), including pre-commercial production of 10 693 GEOs from the Magino mine. Magino is regarded as Argonaut’s flagship operation as its largest and its first Canadian operation. The company runs three other mines in Nevada and two in Mexico at Durango and Sonora. Upon the closing of the transaction, Franco Nevada will hold an aggregate 3.0% NSR on the Magino mine.
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