Argo's September 2024 Oil Production and Update

Core Insights - Argo Gold Inc reported a total oil production of 3,565 barrels in September 2024, averaging 118 barrels per day [1][2] - The average oil price for the month was CDN$68 per barrel, resulting in total oil revenue of $241,198 and net operating cash flow of $163,738 [1][2] Production Details - Lindbergh 1 (37.5% interest) produced 102 barrels per day, contributing $77,775 to revenue and $54,292 to net operating cash flow [2] - Lloyd 1 (18.75% interest) produced 166 barrels per day, contributing $63,175 to revenue and $39,752 to net operating cash flow [2] - Lindbergh 2 (37.5% interest) produced 83 barrels per day, contributing $63,279 to revenue and $41,409 to net operating cash flow [2] - Lloyd 2 (18.75% interest) produced 97 barrels per day, contributing $36,969 to revenue and $28,285 to net operating cash flow [2] - Lloyd 2 was drilled in late August, equipped in early September, and began production in mid-September [2] Future Developments - In October 2024, Argo participated with an 18.75% interest in the development drilling of a third oil well at Lindbergh, which commenced production in late October [2]