Toronto, Ontario--(Newsfile Corp. - May 12, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") March 2025 oil production was a total of 3,249 barrels for the month, averaging 105 barrels per day. Oil prices averaged CDN$65 per barrel and Argo's March oil revenue was $211,595 and net operating cash flow was $112,770.
| March 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 (37.5% interest) | 103 bbl/day | 39 bbl/day | $78,114 | $43,967 |
| Lloyd 1 (18.75% interest) | 142 bbl/day | 27 bbl/day | $53,608 | $28,131 |
| Lindbergh 2 (37.5% interest) | 64.5 bbl/day | 24 bbl/day | $48,860 | $24,407 |
| Lloyd 2 (18.75% interest) | 5 bbl/day | 1 bbl/day | $1,915 | ($1,440) |
| Lindbergh 3 (18.75% interest) | 77 bbl/day | 14 bbl/day | $29,097 | $17,704 |
| March 2025 Total | 105 bbl/day | $211,595 | $112,770 | |
In April 2025, Argo paid an annual Alberta tax on its 2024 oil production on freehold lands of $130,619.
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.
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