Argo Gold Posts Positive Cash Flow From November Oil Production

The latest announcement is out from Argo Gold ( (TSE:ARQ) ).

Argo Gold reported November 2025 oil production of 1,970 barrels, averaging 66 barrels per day from its interests in the Lindbergh and Lloyd properties. With an average realized oil price of CAD$58 per barrel, the company generated oil revenue of $114,287 and net operating cash flow of $71,735 for the month.

The figures highlight modest but positive cash flow from Argo Gold’s oil operations, which provide operating income alongside its core mineral exploration business. The company also recently disclosed a marketing contract with 1001103323 Ontario Inc., signaling ongoing efforts to support capital markets visibility and investor outreach.

The most recent analyst rating on (TSE:ARQ) stock is a Hold with a C$0.11 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.

The score is driven primarily by mixed financial performance—positive cash flow and moderate leverage are offset by declining revenue and a return to a small loss—while technicals are strong with price well above moving averages and a positive MACD. Valuation is a key drag due to a negative P/E and no dividend yield.

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 operates as a small-scale oil producer. The company is listed on the Canadian Securities Exchange, U.S. OTC markets, and German exchanges, reflecting a diversified investor base across multiple jurisdictions.

Average Trading Volume: 75,243

Technical Sentiment Signal: Buy

Current Market Cap: C$8.34M

Learn more about ARQ stock on TipRanks’ Stock Analysis page.