Argo Gold (TSE:ARQ) has released an update.
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Argo Gold Inc. reported an August 2024 oil production of 3,154 barrels, averaging 102 barrels per day, with a net operating cash flow of $156,699. The company’s oil revenue for the month stood at $230,111, benefiting from an average oil price of CDN$73 per barrel. Additionally, Argo Gold announced its participation in the development drilling of a third oil well at Lindbergh and a new production from a second well at Lloyd.
For further insights into TSE:ARQ stock, check out TipRanks’ Stock Analysis page.
