Argo Gold Inc.
ARQ.CN
Canadian Securities Exchange0.10
CAD
- -
- -
ISIN
CA04016J1021
CUSIP
04016J102
Return %
Stock
S&P500
1Y
17.65
26.53
3Y
-4.76
76.60
5Y
-54.55
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Judith E. Baker
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 350 Bay Street Toronto ON Canada M5H 2S6
- IPO Date
- Oct 10, 2000
- Website
- argogold.com
- Similar Companies
- Business
- Argo Gold Inc. (CSE: ARQ) is a Toronto-based Canadian resource company engaged in oil production and the acquisition, exploration, and development of mineral properties. Incorporated in 1995 and formerly known as Arbitrage Exploration Inc., the company changed its name to Argo Gold Inc. in September 2016 and maintains its headquarters at 25 Adelaide Street East, Suite 1400, Toronto, Ontario. Argo Gold operates primarily in Alberta for oil and gas activities and in Ontario and Saskatchewan for mineral exploration, targeting institutional and retail investors interested in diversified junior resource exposure. The company produces heavy oil from multiple horizontal wells in the Sparky formation near Lloydminster and Lindbergh, Alberta, including its first well brought online in March 2023 with a 37.5% working interest yielding approximately 55 to 70 barrels per day net to Argo; a second Lindbergh well added in December 2023 at the same interest; a Lloydminster multi-lateral well completed in October 2023 at 18.75% interest; a third Lindbergh well started in October 2024 at 18.75% interest; and a second Lloydminster well initiated in September 2024 at 18.75% interest, with average monthly production across assets reaching around 105 to 120 barrels per day in early 2025. Mineral interests encompass gold projects such as the Uchi Gold Project in the Red Lake District featuring high-grade zones at Raingold (up to 31.2 g/t Au over 2.3 metres) and HST Zone along multiple trends including Woco-Northgate and Uchi Fault; Talbot Lake Gold Project with a historical non-NI 43-101 resource of 50,000 ounces at 14 g/t Au plus banded iron formation potential; and Angela Lake Gold Project; alongside Hurdman Zinc-Silver Project with an NI 43-101 resource of 3.4 million tonnes grading 1.2% zinc and 18.1 g/t silver; Marshall Lake Area copper claims covering 50 square kilometres; and newer Saskatchewan positions including 26,600 hectares in the Rottenstone Belt with Dreaver Lake option (gold-silver anomalies and undrilled EM conductors), plus Athabasca Basin uranium claims totalling over 16,000 hectares across Parker Lake (11,644 hectares along shear zone with radioactive boulders), Thunderbolt (3,692 hectares near Hurricane deposit), Zig Zag (626 hectares on Patterson Lake Shear Zone), and expanded Thunderclap (264 hectares near McClean Lake). Recent oil production generated CAD 1.84 million in trailing twelve-month revenue as of late 2025, supplemented by mineral prospect generation aimed at joint ventures. Recent developments include multiple Saskatchewan mineral claim acquisitions and expansions through 2025: an option on 1,155-hectare Dreaver Lake in April 2025 for CAD 40,000 work commitment; 4,608 hectares staked in the Rottenstone Belt in January 2025; Thunderclap claim purchase for CAD 1,000 in December 2024 adding 97 hectares (later expanded); and December 2024 agreements for Parker Lake (11,644 hectares via 2% NSR royalty), Thunderbolt, and Zig Zag (total 15,962 hectares for CAD 5,000 cash and 500,000 shares), positioning Argo for uranium exploration near major deposits like Cigar Lake and McClean Lake. Oil expansions feature the October 2024 Lindbergh third well and September 2024 Lloydminster second well, alongside a mutual area of interest at Lindbergh supporting up to 14 additional drilling locations; however, low oil prices deferred partial re-drill of Lloyd 2 and Lloyd 3 in 2025. The company also released its year-end 2024 reserves report in May 2025, secured Rottenstone Belt exploration permits in September 2025, and pursues strategic mineral partnerships while leveraging oil cash flow for low-capital mineral advancements.
Argo's March Oil Production
Argo Grants Stock Options