Argo Gold Inc. reports developments for a Canadian mineral exploration and development company that also produces oil. News about ARBTF commonly covers monthly oil production and cash flow from Alberta assets including Lindbergh and Lloyd interests, alongside updates on its mineral portfolio in Ontario.
Recurring company updates include exploration permits and project work at the Uchi Gold Project east of Red Lake, claim activity and technical context for the Hurdman Silver-Zinc Project north of Timmins, stock option grants, advisory and management appointments, and exchange quotations on the Canadian Securities Exchange and OTC market.
Argo Gold (OTC: ARBTF) reported October 2025 oil production of 1,800 barrels, averaging 58 barrels per day. Average oil price was CAD$59 per barrel, generating $107,021 in oil revenue and $57,435 in net operating cash flow for the month.
Production by well (Argo interest): Lindbergh 1 contributed ~20 bbl/day and $35,729 revenue; Lloyd 1 ~14 bbl/day and $25,041 revenue; Lindbergh 2 ~16 bbl/day and $25,841 revenue; Lindbergh 3 ~11 bbl/day and $20,410 revenue.
Argo Gold (OTC: ARBTF) reported oil production for Jan 1–Sep 30, 2025 of 24,003 barrels, averaging 88 barrels per day. Oil prices averaged CAD$68 per barrel, generating $1,631,714 in oil revenue and $913,157 in net operating cash flow for the period.
The company said Lloyd 2 collapsed after six weeks of Q4 2024 production and was shut down in June 2025 after months of minimal output. Low oil prices prevented a partial re‑drill of Lloyd 2 and delayed planned drilling of Lloyd 3 in 2025. Monthly totals show June–September production and revenue volatility, with July peak daily interest at 80 bbl/day and declines in August–September.
Argo Gold (OTC: ARBTF) increased its uranium mineral claim position at Thunderclap in the Athabasca Basin on November 3, 2025. Argo now holds a 100% interest in 264 hectares at Thunderclap and a combined 15,962 hectares across four Athabasca areas (Thunderclap, Parker Lake, Thunderbolt, ZigZag).
Thunderclap lies within 12–30 km of multiple operating and high‑grade uranium mines (McLean Lake, Rabbit Lake, Cigar Lake, Midwest Lake). Historical nearby drilling returned multiple uranium intersections (examples: 0.13% eU3O8/4 m, 0.34% U3O8/0.5 m), but Argo notes these historic results are unverified and Thunderclap has not been drill‑tested by the company.
Argo Gold (OTC:ARBTF) has secured mineral exploration permits from Saskatchewan's Ministry of Environment for its projects in the Rottenstone Belt and Dreaver Lake Gold Project, covering 26,661 hectares and 1,155 hectares respectively.
The Dreaver Lake project features anomalous gold and silver deposits with three undrilled conductors identified by historic airborne surveys. Notable nearby discoveries include intersections of 73.55 g/t Au over 7.5 metres at Ramp Metals and trench sampling returning 79.96 g/t Au over 1.0 metre at Eagle Plains Resources.
The Rottenstone Project compilation has identified prospective areas with anomalous gold, silver, and copper deposits. Saskatchewan ranks third globally for mineral exploration and mining investment attractiveness according to the Fraser Institute.
Argo Gold (OTC:ARBTF) has announced the adoption of an advance notice bylaw by its Board of Directors. The new bylaw establishes a formal framework for director nominations by shareholders, requiring advance notice to the company before any annual or special meetings.
The bylaw sets specific deadlines: 30 days notice (or 40 days for notice and access) prior to annual meetings, reduced to 10 days if the meeting is announced less than 50 days in advance. For special meetings, shareholders must provide notice within 15 days of the first public announcement. The bylaw will be effective from August 22, 2025, pending shareholder ratification at the next annual general meeting.
Argo Gold Inc. (OTC: ARBTF) reported its May 2025 oil production results, achieving total production of 2,725 barrels for the month, averaging 88 barrels per day. The company generated oil revenue of $167,534 with oil prices averaging CDN $61.50 per barrel.
The company's net operating cash flow reached $84,600 for May 2025. Production came from five wells: Lindbergh 1 (37.5% interest), Lloyd 1 (18.75% interest), Lindbergh 2 (37.5% interest), Lloyd 2 (23.077% interest), and Lindbergh 3 (18.75% interest), with varying production rates and revenue contributions.
Argo Gold (OTC:ARBTF) has announced the renewal of its Normal Course Issuer Bid (NCIB) program, allowing the company to repurchase up to 3,654,388 common shares, representing 5% of its outstanding shares. The new NCIB will run from June 27, 2025 to June 26, 2026.
Under the previous NCIB, Argo has already purchased 777,307 shares and cancelled 747,807 shares, with the remaining shares scheduled for cancellation on June 30, 2025. The company will execute purchases through the Canadian Securities Exchange (CSE) or alternative trading systems at prevailing market prices.
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.