Argo’s February 2025 Oil Production

Toronto, Ontario–(Newsfile Corp. – May 6, 2025) – Argo Gold Inc.’s (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company”) February 2025 oil production was a total of 2,975 barrels for the month, averaging 106 barrels per day. Oil prices averaged CDN$73 per barrel and Argo’s February oil revenue was $218,586 and net operating cash flow was $131,564.

February 2025Oil ProductionArgo’s interestArgo’s Oil RevenueArgo’s net operating cash flowLindbergh 1
(37.5% interest) 105 bbl/day 39.5 bbl/day$81,344$55,953Lloyd 1
(18.75% interest) 128 bbl/day 24 bbl/day$49,408$31,224Lindbergh 2
(37.5% interest) 56 bbl/day21 bbl/day$43,261$18,772Lloyd 2
(18.75% interest) 6 bbl/day 1 bbl/day$2,359($690)Lindbergh 3
(18.75% interest)109 bbl/day20.5 bbl/day$42,213$26,306February 2025 Total106 bbl/day$218,586$131,564

 

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 www.sedarplus.ca and on Argo Gold’s website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS.

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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