Argo Gold (TSE:ARQ) has released an update.
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Argo Gold Inc. has announced a plan to boost shareholder value by initiating a buyback program to purchase and cancel up to 5% of its outstanding common shares over the next year. The company’s management believes the current market price doesn’t reflect the true value of Argo’s business and prospects. Share repurchases will be conducted through the Canadian Securities Exchange, with the aim of enhancing long-term shareholder value.
For further insights into TSE:ARQ stock, check out TipRanks’ Stock Analysis page.
