Welcome to our dedicated page for Argo Gold news (Ticker: ARBTF), a resource for investors and traders seeking the latest updates and insights on Argo Gold stock.
Argo Gold Inc. (ARBTF) generates a steady flow of news related to its dual focus as a Canadian mineral exploration and development company and an oil producer. Company releases highlight activity at its heavy crude oil wells in the Lloydminster and Lindbergh areas of Alberta, as well as exploration progress on mineral claim positions in Saskatchewan, including uranium claims in the Athabasca Basin and gold and base metal projects in the Rottenstone Belt and at Dreaver Lake.
Investors following ARBTF news can review detailed monthly oil production updates, where Argo Gold reports barrels produced, average daily production, realized oil prices, oil revenue and net operating cash flow for each producing well. The company also publishes summaries of independent reserves evaluations for its heavy crude oil assets, prepared under Canadian oil and gas disclosure standards, which outline proved and probable reserves and associated future net revenue estimates.
On the exploration side, Argo Gold issues news about changes to its mineral claim positions, such as increases in uranium mineral claims at Thunderclap in the Athabasca Basin, and the granting of mineral exploration permits in Saskatchewan. These releases describe the size and location of claim blocks, the types of commodities considered prospective, and historical exploration results reported by other parties that form part of the scientific basis for further work.
Corporate and governance developments are also covered, including the adoption of an advance notice bylaw for director nominations and announcements regarding a normal course issuer bid to repurchase common shares. For readers tracking ARBTF, this news feed offers a centralized view of Argo Gold’s operational updates, exploration milestones and corporate actions over time.
Argo Gold Inc (ARBTF) reported its March 2025 oil production results, achieving a total output of 3,249 barrels for the month, averaging 105 barrels per day. With oil prices averaging CDN$65 per barrel, the company generated revenue of $211,595 and net operating cash flow of $112,770.
The company's production came from five wells: Lindbergh 1 (37.5% interest), Lloyd 1 (18.75% interest), Lindbergh 2 (37.5% interest), Lloyd 2 (18.75% interest), and Lindbergh 3 (18.75% interest). In April 2025, Argo paid an annual Alberta tax of $130,619 on its 2024 oil production on freehold lands.
Argo Gold (ARBTF) has released its Year-End 2024 Oil Reserves Report, evaluated by Petrotech and Associates. The report covers the company's interests in five producing oil wells in the Lloydminster and Lindbergh areas in Alberta, plus five undeveloped well locations.
Key metrics include:
- Total Proved plus Probable reserves of 2,170.3 Mbbl (100% Heavy Crude Oil)
- Company's Gross reserves at 466.3 Mbbl
- Net Present Value (NPV) at 10% discount rate of $16.2 million
The evaluation was conducted using Sproule's December 31, 2024 Price Forecast for Heavy Crude Oil, with the report prepared in accordance with COGE Handbook and NI 51-101 standards.
Argo Gold Inc. (ARBTF) reported its oil production results for February 2025, achieving a total production of 2,975 barrels for the month, averaging 106 barrels per day. With oil prices averaging CDN$73 per barrel, the company generated revenue of $218,586 and net operating cash flow of $131,564.
The company's production came from five wells: Lindbergh 1 (37.5% interest), Lloyd 1 (18.75% interest), Lindbergh 2 (37.5% interest), Lloyd 2 (18.75% interest), and Lindbergh 3 (18.75% interest). All wells except Lloyd 2 contributed positively to operating cash flow, with Lloyd 2 recording a small loss of $690.
Argo Gold (ARBTF) has entered into an option agreement to acquire the 1155-hectare Dreaver Lake property in Saskatchewan's Rottenstone Belt. The acquisition terms include a C$1,000 cash payment, C$40,000 in exploration work by September 2026, and a 2% net smelter returns royalty.
The property features weakly anomalous gold and silver deposits and three undrilled conductors with magnetic highs. Historical data shows promising indicators, including nearby high-grade gold samples from the Cook Showing (79.96 g/t Au over 1.0 metre) and significant nickel intersections at the adjacent Gochager Lake property.
The Dreaver Lake property is strategically located 12 km southeast of the Ramp Metals Property, where recent drilling revealed significant gold mineralization of 73.55 g/t Au over 7.5 metres. Argo has initiated the permitting process for its mineral claims in the Rottenstone Belt, positioned in Saskatchewan, ranked third globally for mining investment attractiveness by the Fraser Institute.
Argo Gold (OTC: ARBTF) reported its oil production figures for early 2025. In January 2025, the company produced 3,541 barrels of oil, averaging 114 barrels per day, with oil prices averaging CDN$77.65 per barrel. This resulted in January oil revenue of $274,990 and net operating cash flow of $186,454.
For February 2025, Argo's oil production decreased to approximately 2,971 barrels, with a daily average of 106 barrels.
Argo Gold (OTC: ARBTF) reported its December 2024 oil production results, achieving a total output of 3,321 barrels for the month, averaging 107 barrels per day. The company secured an average oil price of CDN$72 per barrel, generating monthly revenue of $238,223 with net operating cash flow of $154,781.
The production came from multiple wells: Lindbergh 1 (37.5% interest) producing 40 bbl/day, Lloyd 1 (18.75% interest) at 30 bbl/day, Lindbergh 2 (37.5% interest) at 19 bbl/day, Lloyd 2 (18.75% interest) at 1 bbl/day, and Lindbergh 3 (18.75% interest) at 17 bbl/day. The company also noted that January production increased to approximately 3,554 barrels, averaging 115 barrels per day.
Argo Gold (ARBTF) has expanded its mineral claim position in the Rottenstone Belt, Saskatchewan by acquiring an additional 4,608 hectares through staking. The company's total position now encompasses 26,600 hectares of contiguous mineral claims, located 140 km North of La Ronge.
The area includes the historic Rottenstone Mine, which produced significant amounts of nickel, copper, and precious metals from 1965 to 1969, processing 28,724 tons of ore averaging 3.28% Nickel, 1.83% Copper, 4.70 g/t Platinum, 3.90 g/t Palladium, and 1.03 g/t Gold. Recent exploration in the area has yielded promising results, including Ramp Metals' discovery of high-grade gold (73.55 g/t over 7.5 metres) in June 2024.
Argo's claims cover strategic areas including anomalous copper in soils, electromagnetic conductors, ultramafic rocks, and the geological strike extension of the Rottenstone Mine. The company has also engaged marketing services through a 90-day contract worth CAD$15,000.
Argo Gold (ARBTF) reported its November 2024 oil production results, achieving 3,597 barrels for the month, averaging 120 barrels per day. With oil prices at CDN$72 per barrel, the company generated revenue of $258,042 and net operating cash flow of $153,014.
The company's production comes from multiple wells: Lindbergh 1 (37.5% interest) producing 45 bbl/day, Lloyd 1 (18.75% interest) at 30 bbl/day, Lindbergh 2 (37.5% interest) at 24 bbl/day, Lloyd 2 (18.75% interest) at 2.6 bbl/day, and Lindbergh 3 (18.75% interest) at 19 bbl/day.
The company noted that Lloyd 2 experienced a well bore collapse in late October, significantly reducing production. Despite repair attempts in November and December, production remains very low. December production decreased to 3,367 barrels, averaging 109 barrels per day.
Argo Gold (CSE: ARQ, OTC: ARBTF) has acquired the Thunderclap mineral claim in Saskatchewan's Athabasca Basin for $1,000 in cash. The 97-hectare claim expands Argo's uranium mineral claims to 16,059 hectares in the region. Thunderclap is strategically located near several major uranium operations, including McLean Lake, Rabbit Lake, and Cigar Lake mines.
Historical drilling in nearby areas has shown promising results, with uranium concentrations up to 0.13% eU3O8 over 4 metres and 0.17% U3O8 over 1.0 metre. The property is considered highly prospective but has never been drill-tested. Additionally, Argo has completed the previously announced acquisition of Thunderbolt and Zig Zag claims, issuing 500,000 common shares at $0.08 per share and paying $5,000 in cash.