Argo Gold Inc. Reports April 2025 Oil Production Results

Toronto, Ontario – (Newsfile Corp. - June 11, 2025) – Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company”) has released its oil production figures for April 2025. The company produced a total of 2,805 barrels of oil during the month, averaging 93.5 barrels per day. Oil prices averaged CDN $60 per barrel, resulting in March oil revenue of $167,959 and a net operating cash flow of $95,374.

Production Breakdown by Well:

  • Lindbergh 1 (37.5% interest): Produced 98 barrels per day, with Argo’s share at 37 barrels per day, generating $66,173 in revenue and $39,084 in net operating cash flow.
  • Lloyd 1 (18.75% interest): Produced 131 barrels per day, with Argo’s share at 25 barrels per day, generating $44,057 in revenue and $26,331 in net operating cash flow.
  • Lindbergh 2 (37.5% interest): Produced 47 barrels per day, with Argo’s share at 18 barrels per day, generating $31,833 in revenue and $17,968 in net operating cash flow.
  • Lloyd 2 (23.077% interest): Produced 5 barrels per day, with Argo’s share at 1 barrel per day, generating $1,628 in revenue but a negative operating cash flow of -$546.
  • Lindbergh 3 (18.75% interest): Produced 72 barrels per day, with Argo’s share at 13.5 barrels per day, generating $24,268 in revenue and $12,537 in net operating cash flow.

Strategic Developments:

Argo recently increased its operating interest in the Lloyd 2 well to 23.077% from 18.75%, expanding its coverage of the General Petroleum oil formation at Lloyd. The partnership paid $75,000 for the seller’s 18.75% interest in the formation, with Argo contributing its pro-rata share. Following cumulative production of 45,000 barrels of oil, the partners will incur an additional payment obligation of a pro-rata share of $25,000 as a bonus.

Company Overview:

Argo Gold Inc. is a mining exploration company based in Canada, primarily operating in central and northwestern Ontario. The company focuses on exploring and developing mineral properties, particularly for gold, silver, and zinc deposits. Argo is listed on the Canadian National Stock Exchange, with a market capitalization of 5,860,000 CAD and a price-to-earnings ratio of 11.22. The company’s close price as of June 9, 2025, was 0.08 CAD, with a 52-week high of 0.105 CAD and a low of 0.065 CAD.

For more information, visit Argo Gold’s website .