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Argo’s May 2025 Oil Production

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Toronto, Ontario–(Newsfile Corp. – July 21, 2025) – Argo Gold Inc’s. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company“) May 2025 oil production was a total of 2,725 barrels for the month, averaging 88 barrels per day. Oil prices averaged CDN $61.50 per barrel and Argo’s May oil revenue was $167,534 and net operating cash flow was $84,600.

May 2025 Oil Production Argo’s interest Argo’s Oil Revenue Argo’s net operating
cash flow
Lindbergh 1
(37.5% interest)
91 bbl/day 34 bbl/day $65,101 $34,490
Lloyd 1
(18.75% interest)
91 bbl/day 17 bbl/day $33,938 $13,212
Lindbergh 2
(37.5% interest)
50 bbl/day 19 bbl/day $35,914 $16,829
Lloyd 2
(23.077% interest)
12 bbl/day 3 bbl/day $4,335 $559
Lindbergh 3
(18.75% interest)
79 bbl/day 15 bbl/day $28,246 $15,509
May 2025 Total 88 bbl/day $167,534 $84,600

 

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.

Judy Baker, CEO
(416) 786-7860
[email protected]
www.argogold.com

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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259465

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