Argo Gold Reports Steady February Oil Output

Argo Gold (TSE:ARQ) has released an update.

Argo Gold Inc. reported a solid performance in February 2024 with an oil production totaling 3,182 barrels, averaging 110 barrels per day, leading to a revenue of CDN$215,909 and a net operating cash flow of $133,947. This financial update from the Canadian mineral exploration and development company reflects a stable oil price at CDN$68 per barrel. Argo’s assets in Lindbergh and Lloyd contributed significantly to the production and financial outcome.

For further insights into TSE:ARQ stock, check out TipRanks’ Stock Analysis page.