tiprankstipranks
Company Announcements

Argo Gold Reports November 2024 Oil Production and Operational Challenges

Story Highlights
Argo Gold Reports November 2024 Oil Production and Operational Challenges

An announcement from Argo Gold ( (TSE:ARQ) ) is now available.

In November 2024, Argo Gold reported an oil production of 3,597 barrels, averaging 120 barrels per day, with total revenue of $258,042 and a net operating cash flow of $153,014. The company’s operations faced challenges with the Lloyd 2 well, which saw a significant drop in production due to a collapsed horizontal well bore, affecting December production numbers.

More about Argo Gold

Argo Gold is a Canadian company involved in mineral exploration and development, as well as oil production. It is listed on the Canadian Securities Exchange and operates under several trading symbols.

YTD Price Performance: 6.25%

Average Trading Volume: 39,091

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$5.86M

See more insights into ARQ stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App