Argo's Oil Update

Core Insights - Argo Gold Inc reported a total oil production of 24,003 barrels from January 1, 2025, to September 30, 2025, averaging 88 barrels per day [1] - The average oil price during this period was CAD$68 per barrel, resulting in oil revenue of CAD$1,631,714 and net operating cash flow of CAD$913,157 [1] Production Details - Lloyd 2 experienced a collapse after six weeks of production in Q4 2024 and was shut down in June 2025 due to low oil prices [2] - The planned drilling of Lloyd 3 was not completed in 2025 [2] Monthly Production Breakdown - June 2025: Total production was 75 barrels per day, with oil revenue of CAD$156,069 and net operating cash flow of CAD$57,489 [3] - July 2025: Total production increased to 80 barrels per day, generating oil revenue of CAD$178,304 and net operating cash flow of CAD$112,342 [3] - August 2025: Total production decreased to 65.5 barrels per day, with oil revenue of CAD$132,961 and net operating cash flow of CAD$67,867 [4] - September 2025: Total production remained at 65.5 barrels per day, resulting in oil revenue of CAD$123,733 and net operating cash flow of CAD$73,475 [4] Company Overview - Argo Gold is a Canadian mineral exploration and development company, also involved in oil production [5]