Argo Gold Inc. is entering into a mineral claim option agreement to acquire a 100% interest in the 1155-hectare Dreaver Lake property located in the Rottenstone Belt in Saskatchewan. To exercise the Option and acquire the Claim, Argo must: make a cash payment of C$1,000 , incur or expend at least C$40,000 in exploration work by September 3, 2026 and grant to the vendor of the Claim a 2% net smelter returns royalty on any [...]
Argo Gold Inc.'s. 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 2025 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 112 bbl/day 42 bbl/day $101,831 $73,793 Lloyd 1 154 bbl/day 29 bbl/day [...]
Argo Gold Inc.'s. December 2024 oil production was a total of 3,321 barrels for the month, averaging 107 barrels per day. Oil prices averaged CDN$72 per barrel and Argo's December oil revenue was $238,223 and net operating cash flow was $154,781. December 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 106 bbl/day 40 bbl/day $88,314 $58,944 Lloyd 1 158 bbl/day 30 bbl/day [...]
Argo Gold Inc. has recently acquired an additional 4608 hectares of mineral claims, by staking, in the Rottenstone Belt located 140 km North of La Ronge, Saskatchewan. Argo's position in the Rottenstone Belt now consists of 26,600 hectares of contiguous mineral claims. The Rottenstone Belt has seen very little mineral exploration since the late 1960's but recent exploration results are commanding another look at the [...]
Argo Gold Inc.'s. November 2024 oil production was a total of 3,597 barrels for the month, averaging 120 barrels per day. Oil prices averaged CDN$72 per barrel and Argo's November oil revenue was $258,042 and net operating cash flow was $153,014. November 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 119 bbl/day 45 bbl/day $95,885 $66,832 Lloyd 1 159 bbl/day 30 bbl/day [...]
Argo Gold Inc. has entered into an agreement to acquire an additional mineral claim in Saskatchewan pursuant to which Argo Gold can acquire a 100% interest in the Thunderclap mineral claim located in the Athabasca Basin which covers an area of 97 hectares for $1,000 in cash payable to the vendor. Argo now has 16,059 hectares of prospective uranium mineral claims in the Athabasca Basin. The Thunderclap mineral claim is [...]
Argo Gold Inc.'s. October 2024 oil production was a total of 3,651 barrels for the month, averaging 118 barrels per day. Oil prices averaged CDN$71 per barrel and Argo's October oil revenue was $258,369 and net operating cash flow was $170,041. October 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 80 bbl/day 30 bbl/day $65,798 $38,385 Lloyd 1 162 bbl/day 30 bbl/day [...]
Argo Gold Inc. has entered into two agreements to acquire additional mineral claims in Saskatchewan pursuant to which Argo Gold can acquire a 100% interest in certain mineral claims located in the Athabasca Basin: the Parker Lake claims, and the Thunderbolt and ZigZag claims, which altogether total 15,962 hectares and are considered prospective for uranium mineralization. The Parker Lake claims are being purchased in [...]
Argo Gold Inc.'s. September 2024 oil production was a total of 3,565 barrels for the month, averaging 118 barrels per day. Oil prices averaged CDN$68 per barrel and Argo's September oil revenue was $241,198 and net operating cash flow was $163,738. September 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 102 bbl/day 38 bbl/day $77,775 $54,292 Lloyd 1 166 bbl/day 31 [...]
Argo Gold Inc.'s. August 2024 oil production was a total of 3,154 barrels for the month, averaging 102 barrels per day. Oil prices averaged CDN$73 per barrel and Argo's August oil revenue was $230,111 net operating cash flow was $156,699. August 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 103 bbl/day 39 bbl/day $87,793 $60,578 Lloyd 1 168 bbl/day 31.5 bbl/day $71,198 [...]
Argo Gold Inc. participated at its pro rata interest of 18.75% in a second horizontal oil well at Lloyd in the General Petroleum Formation. Lloyd 2 was drilled in late August, equipped in early September, and is now on production. Lloyd 2 is participation in a fourth oil well for Argo; in addition to Lindbergh 1, Lloyd 1 and Lindbergh 2. Development drilling of a third oil well at Lindbergh is planned for Q4 2024. About [...]
Argo Gold Inc.'s. July 2024 oil production was a total of 2,947 barrels for the month, averaging 95 barrels per day. Oil prices averaged CDN$81.79 per barrel and Argo's June oil revenue was $241,065 net operating cash flow was $161,982. July 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 70 bbl/day 26 bbl/day $66,746 $43,884 Lloyd 1 184 bbl/day 35 bbl/day $87,577 $57,109 [...]
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