Argonaut Gold (TSX: AR) has reported that the sale of its Ana Paula gold project in Mexico, approximately 180 km south of Mexico City, has fallen through as the purchasing company, AP Mining, could not fulfil its financial and certain regulatory and other approvals.
Argonaut’s president and CEO Peter Dougherty stated in a press release that “after extending the agreement once already, we feel we are better off pursuing other options for Ana Paula at this time.”