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Argo to Renew Its Normal Course Issuer Bid
Newsfile· 2025-06-26 15:11
Group 1 - Argo Gold Inc. intends to renew its normal course issuer bid (NCIB) to purchase up to 3,654,388 common shares, representing 5% of its issued and outstanding shares, over a 12-month period starting June 27, 2025 [1] - Since the inception of the original NCIB, Argo Gold has purchased 777,307 shares and cancelled 747,807 shares, with the uncancelled shares set to be cancelled by June 30, 2025 [2] - The board and management believe that the market price of the common shares may not fully reflect the company's value and prospects, making the share buyback an appropriate strategy for increasing long-term shareholder value [3] Group 2 - The purchase of common shares will be conducted through the Canadian Securities Exchange (CSE) or alternative trading systems, with the price based on the prevailing market price at the time of purchase [4] - Argo Gold is a Canadian mineral exploration and development company, as well as an oil producer, with information available on SEDAR+ and its website [5]
5月21日电,美股量子计算概念股盘前冲高,D-Wave Quantum再涨近13%,隔夜飙涨近26%;Arqit Quantum涨超5%,SEALSQ CORP涨近5%。
news flash· 2025-05-21 08:58
智通财经5月21日电,美股量子计算概念股盘前冲高,D-Wave Quantum再涨近13%,隔夜飙涨近26%; Arqit Quantum涨超5%,SEALSQ CORP涨近5%。 ...
Argo's March 2025 Oil Production
Newsfile· 2025-05-12 13:37
Core Insights - Argo Gold Inc reported a total oil production of 3,249 barrels in March 2025, averaging 105 barrels per day [1] - The average oil price for March 2025 was CDN$65 per barrel, resulting in oil revenue of $211,595 and net operating cash flow of $112,770 [1][2] Production Breakdown - Lindbergh 1 (37.5% interest): 103 bbl/day, oil revenue $78,114, net operating cash flow $43,967 [2] - Lloyd 1 (18.75% interest): 142 bbl/day, oil revenue $53,608, net operating cash flow $28,131 [2] - Lindbergh 2 (37.5% interest): 64.5 bbl/day, oil revenue $48,860, net operating cash flow $24,407 [2] - Lloyd 2 (18.75% interest): 5 bbl/day, oil revenue $1,915, net operating cash flow -$1,440 [2] - Lindbergh 3 (18.75% interest): 77 bbl/day, oil revenue $29,097, net operating cash flow $17,704 [2] Tax Obligation - In April 2025, Argo paid an annual Alberta tax of $130,619 on its 2024 oil production from freehold lands [2]
Argo's Year-End 2024 Oil Reserves Report
Newsfile· 2025-05-08 13:19
Core Viewpoint - Argo Gold Inc. has released its Year-End 2024 Reserves Report, indicating significant reserves of heavy crude oil and providing detailed evaluations of its oil production assets [1][2]. Reserves Summary - The Reserves Report, effective December 31, 2024, was prepared by Petrotech and Associates and follows the Canadian Oil and Gas Evaluation Handbook standards [1]. - The report details Argo's interests in five producing oil wells and five undeveloped well locations in Alberta [2]. Reserves Data - Proved Developed Producing Reserves: 827.4 Mbbl gross, 200.3 Mbbl company net, with NPV at 10% of $10.6 million, 15% of $7.0 million [2]. - Proved Undeveloped Reserves: 907.2 Mbbl gross, 170.1 Mbbl company net, with NPV at 10% of $8.0 million, 15% of $4.6 million [2]. - Total Proved Reserves: 1,734.5 Mbbl gross, 370.3 Mbbl company net, with NPV at 10% of $18.6 million, 15% of $11.6 million [2]. - Probable Reserves: 435.8 Mbbl gross, 96.0 Mbbl company net, with NPV at 10% of $5.4 million, 15% of $2.2 million [2]. - Total Proved plus Probable Reserves: 2,170.3 Mbbl gross, 466.3 Mbbl company net, with NPV at 10% of $24.0 million, 15% of $13.8 million [2]. Regulatory Filings - The Company has filed its Form 51-101 F1, F2, and F3 reports for the year ending December 31, 2024, which are available on its website and SEDAR+ [4]. Company Overview - Argo Gold is a Canadian mineral exploration and development company, also engaged in oil production, listed on the Canadian Securities Exchange [5].
Arq: Granular Activated Carbon Project Suffers Further Delays - Hold
Seeking Alpha· 2025-05-08 08:09
I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...
Advanced Emissions Solutions(ADES) - 2025 Q1 - Earnings Call Presentation
2025-05-07 15:54
Disclaimer Nasdaq: ARQ Q1 2025 Earnings Call May 7, 2025 This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a "safe harbor" for such statements in certain circumstances. When used in this presentation, the words "can," "will," "may," "intends," "expects," "anticipates." "continuing," "believes," similar expressions and any other statements that are not historical facts are intended to identify those assertions as for ...
Arq, Inc. (ARQ) Reports Break-Even Earnings for Q1
ZACKS· 2025-05-07 12:45
Arq, Inc. (ARQ) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced a loss of $0.03, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS est ...
Arq(ARQ) - 2025 Q1 - Quarterly Results
2025-05-07 10:37
Exhibit 99.1 Arq Reports First Quarter 2025 Results Delivered 25% YoY revenue growth driven by PAC business turnaround Achieved 8 straight quarter of double-digit YoY ASP growth, strong gross margins of 36.4%, 4 consecutive quarter of positive Adjusted EBITDA and positive net income for the quarter th th Signed second largest PAC contract in Arq's history, evidencing sustainability and value of foundational business Updating timing for first commercial GAC production at Red River to end of Q2 or early Q3 20 ...
Arq(ARQ) - 2025 Q1 - Quarterly Report
2025-05-07 10:32
United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37822 ______________________________________ ARQ, INC. Title of each ...
Arq Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 10:30
Core Insights - Arq, Inc. achieved 8 consecutive quarters of double-digit year-over-year average sales price (ASP) growth, with a strong gross margin of 36.4% and positive adjusted EBITDA for four consecutive quarters, indicating a solid financial performance [1][5][14] - The company signed the second largest PAC contract in its history, showcasing the sustainability and value of its foundational business [1][6] - The timeline for the first commercial GAC production at the Red River facility has been updated to the end of Q2 or early Q3 2025 [1][6] - Jay Voncannon has been appointed as Chief Financial Officer, bringing 35 years of finance experience to oversee the company's transformation and growth [1][6] Financial Highlights - Revenue for Q1 2025 was $27.2 million, a 25% increase from $21.7 million in the prior year, driven by higher ASP, positive product mix changes, and increased volumes sold [5][8] - ASP increased by approximately 13% in Q1 2025 compared to the prior year, marking the eighth consecutive quarter of double-digit year-over-year growth [5][8] - Gross margin was 36.4% in Q1 2025, slightly down from 36.9% in the prior year, influenced by improved pricing and customer mix, offset by start-up costs related to the GAC line [10][13] - Net income for Q1 2025 was $0.2 million, a significant improvement from a net loss of $3.4 million in the prior year [13][14] - Adjusted EBITDA for Q1 2025 was $4.1 million, compared to an adjusted EBITDA loss of $0.4 million in the prior year, reflecting four consecutive quarters of positive adjusted EBITDA [14][15] Operational Highlights - All powder activated carbon (PAC) contracts are now net cash producers following the resolution of negative margin agreements as of December 31, 2024 [5] - The company completed mechanical construction of the GAC facility in January 2025, with small non-commercial scale volumes produced, but not yet at the consistency required for commercial production [6][7] - The company maintains a guidance of a 3-6 month ramp-up phase to reach a 25-million-pound nameplate capacity at Red River after the first commercial production [6] Capital Expenditures and Balance Sheet - Capital expenditures for 2025 are forecasted to remain between $8 million and $12 million, with $3.7 million spent in Q1 2025 [16] - As of March 31, 2025, cash and restricted cash totaled $14.8 million, down from $22.2 million as of December 31, 2024, primarily due to capital expenditures and inventory buildup [16] - Total debt, including financing leases, was $26.8 million as of March 31, 2025, an increase from $24.8 million as of December 31, 2024, driven by the revolving credit facility [17]