Argo Gold Posts Cash-Positive October Oil Production

Argo Gold ( (TSE:ARQ) ) just unveiled an announcement.

Argo Gold Inc. reported October 2025 oil production of 1,800 barrels, averaging 58 barrels per day, generating oil revenue of C$107,021 and net operating cash flow of C$57,435 at an average realized price of C$59 per barrel. Output was derived from its working interests in the Lindbergh and Lloyd oil assets, with Lindbergh 1, Lindbergh 2, Lindbergh 3 and Lloyd 1 contributing varying daily volumes and cash flows, highlighting that oil production is providing a meaningful, cash-generating complement to the company’s mineral exploration and development activities.

The most recent analyst rating on (TSE:ARQ) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Argo Gold stock, see the TSE:ARQ Stock Forecast page.

Spark’s Take on TSE:ARQ Stock

According to Spark, TipRanks’ AI Analyst, TSE:ARQ is a Neutral.

Argo Gold’s overall stock score is primarily influenced by its financial performance, which shows potential for growth despite past challenges. However, technical analysis indicates bearish trends, and the valuation is weak due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a moderate overall score.

To see Spark’s full report on TSE:ARQ stock, click here.

More about Argo Gold

Argo Gold Inc. is a Canadian mineral exploration and development company that also produces oil. The company is listed on the Canadian Securities Exchange and trades over-the-counter in the U.S. and on several European exchanges, reflecting a diversified capital markets presence for its resource-focused operations.

Average Trading Volume: 36,479

Technical Sentiment Signal: Sell

Current Market Cap: C$3.99M

For a thorough assessment of ARQ stock, go to TipRanks’ Stock Analysis page.