Argo Gold Adopts Semi-Annual Reporting

Rhea-AI Summary

Argo Gold (OTC: ARBTF) has adopted semi-annual financial reporting under CBO 51-933, moving from quarterly to semi-annual statements. The company will no longer file Q1 and Q3 financials and MD&A, but will continue audited annual and six-month interim reports, aiming to reduce administrative and financial reporting burdens.

AI-generated analysis. Not financial advice.

Positive

• Shift to semi-annual reporting expected to reduce administrative and financial reporting burden
• Audited annual financial statements remain, due within 120 days of December 31
• Six-month interim financial reports and MD&A continue, due within 60 days of June 30
• Company reiterates commitment to timely and transparent disclosure under Canadian securities regulations

Negative

• Elimination of quarterly (Q1 and Q3) financial statements and MD&A reduces reporting frequency
• Participation in semi-annual reporting pilot program may be revisited, creating potential future reporting changes

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Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") (the "Company" or "Argo Gold") announces the adoption of semi-annual financial reporting ("SAR") pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933"). CBO 51-933 is a pilot program that permits eligible venture issuers to voluntarily move from quarterly to a semi-annual financial reporting framework under which Argo Gold meets the eligibility criteria.

As a result of adopting SAR, the Company will not file interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three-month period ending March 31 and the nine-month period ending September 30 of each applicable fiscal year. Argo Gold will continue to file audited annual financial statements (due within 120 days of December 31) and six-month interim financial reports and related MD&A (due within 60 days of June 30). Should the Company cease to continue participating in the SAR pilot program, it will announce it in a future news release.

The Company remains committed to timely and transparent disclosure and will continue to provide timely disclosure regarding exploration progress, corporate developments, and other material information in accordance with Canadian securities regulations and as required under National Instrument 51-102 - Continuous Disclosure Obligations and under all applicable securities laws and regulations. Adopting semi-annual reporting will reduce the administrative and financial burden associated with quarterly reporting.

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 quoted on OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS.

Paul Poggione, President
(613) 277-1989
paul@argogold.ca

Judy Baker, CEO
(416) 786-7860
jbaker@argogold.ca
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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299617

FAQ

What change did Argo Gold (ARBTF) make to its financial reporting schedule?

Argo Gold moved from quarterly to semi-annual financial reporting under pilot program CBO 51-933. According to Argo Gold, it will no longer file Q1 and Q3 financial statements and MD&A, while maintaining audited annual and six-month interim financial reports.

How often will Argo Gold (ARBTF) file financial statements under semi-annual reporting?

Argo Gold will file audited annual statements and one six-month interim report each year. According to Argo Gold, annual statements are due within 120 days of December 31, and six-month interim financial reports and MD&A are due within 60 days of June 30.

Which interim financial reports will Argo Gold (ARBTF) no longer publish?

Argo Gold will stop publishing interim financial statements and MD&A for the three months ending March 31 and nine months ending September 30. According to Argo Gold, this results from adopting semi-annual reporting under CBO 51-933 for eligible venture issuers.

Why did Argo Gold (ARBTF) adopt semi-annual reporting under CBO 51-933?

Argo Gold adopted semi-annual reporting to reduce administrative and financial burdens linked to quarterly reporting. According to Argo Gold, the change is made under CBO 51-933, a pilot program allowing eligible venture issuers to move from quarterly to semi-annual reporting.

Will Argo Gold (ARBTF) maintain disclosure on exploration and corporate developments?

Argo Gold plans to continue timely disclosure on exploration progress, corporate developments, and other material information. According to Argo Gold, disclosures will follow Canadian securities regulations and National Instrument 51-102, despite the shift to semi-annual financial reporting under the pilot program.

Can Argo Gold (ARBTF) exit the semi-annual reporting pilot program in the future?

Argo Gold may cease participating in the semi-annual reporting pilot program in the future. According to Argo Gold, if participation ends, the company will announce this change in a future news release and adjust its reporting obligations accordingly.