This is a terrible situation for one of the largest gold companies in the world. It is difficult to imagine the ramifications of a major gold producer with a market cap of $19.4 billion and a debt of $23.8 billion. A hedged gold producer that is basically insolvent.

Barrick Gold Hat Trick: Mega-Stock Sale To Pay Debt

http://finance.yahoo.com/news/barrick-gold-hat-trick-mega-205229099.html

Argonaut is well funded internally with $140 million and they have ZERO, none, nada, zilch debt.