ARQ Argo Gold Inc

Argo's January 2025 Oil Production

Toronto, Ontario--(Newsfile Corp. - March 19, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") January 2025 oil production was a total of 3,541 barrels for the month, averaging 114 barrels per day. Oil prices averaged CDN$77.65 per barrel and Argo's January oil revenue was $274,990 and net operating cash flow was $186,454.

January 2025Oil ProductionArgo's interestArgo's Oil RevenueArgo's net operating
cash flow
Lindbergh 1
(37.5% interest) 		112 bbl/day 42 bbl/day$101,831$73,793
Lloyd 1
(18.75% interest)		 154 bbl/day 29 bbl/day$70,058$46,801
Lindbergh 2
(37.5% interest)		 62 bbl/day23 bbl/day$54,898$35,892
Lloyd 2
(18.75% interest)		 13 bbl/day 2.5 bbl/day$5,957$2,428
Lindbergh 3
(18.75% interest)		93 bbl/day17.5 bbl/day$42,246$27,540
January 2025 Total114 bbl/day$274,990$186,454

 

Argo's February oil production was approximately 2,971 barrels averaging 106 barrels per day.

About Argo Gold

Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR at and on Argo Gold's website at . Argo Gold is listed on the Canadian Securities Exchange () CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS.

Judy Baker, CEO
(416) 786-7860

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit

EN
19/03/2025

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