Argo Gold Inc. (CSE: ARQ) has released its July 2026 oil production figures, reporting total output of 2,203 barrels averaging 71 barrels per day across five producing interests. The Canadian mineral exploration and oil production company generated oil revenue of $182,443 and net operating cash flow of $109,516 for the month. The disclosure provides investors with a detailed breakdown of production and financial performance across Argo's portfolio of Alberta oil properties.

Key Points

  • Argo Gold Inc. (CSE: ARQ | OTC Pink: ARBTF)
  • July 2026 total oil production reached 2,203 barrels at an average rate of 71 barrels per day
  • Average oil price of CAD$83 per barrel; oil revenue of $182,443; net operating cash flow of $109,516
  • Investors may be watching how production rates and cash flow trend across Argo's five oil interests in coming months

Five-Property Portfolio Drives Argo Gold's July Oil Output

Argo Gold's July production was spread across five oil interests with varying working interest percentages. The Lloyd 2 property, held at a 23.077% interest, was the strongest individual contributor, generating gross production of 120 barrels per day, with Argo's share reaching 28 barrels per day, oil revenue of $71,509, and net operating cash flow of $55,573. Lindbergh 3, held at an 18.75% interest, produced 72 barrels per day gross, contributing $35,759 in revenue and $22,132 in net operating cash flow to Argo's share.

Lindbergh and Lloyd Assets Contribute Across the Board

The Lindbergh 1 property, at a 37.5% interest, produced 39 barrels per day gross, with Argo's share of 15 barrels per day generating $36,067 in revenue and $21,880 in net operating cash flow. Lloyd 1, held at 18.75%, produced 63 barrels per day gross and contributed $30,480 in revenue and $15,037 in cash flow. Lindbergh 2, also held at 37.5%, was the smallest contributor at 9 barrels per day gross, adding $8,636 in revenue and $5,107 in net operating cash flow to the monthly totals.

Cash Flow Margin Reflects Operating Efficiency Across ARQ's Oil Book

Argo Gold's net operating cash flow of $109,516 against oil revenue of $182,443 implies a meaningful operating margin for July 2026, though the company did not disclose a detailed cost breakdown in the announcement. The average realised oil price of CAD$83 per barrel underpinned revenue across all five interests. Argo describes itself as both a Canadian mineral exploration and development company and an oil producer, with listings on the CSE, OTC Pink markets, and multiple European exchanges. The immediate share price impact was not clear from available public information.