Argo Gold Inc. (CSE: ARQ) has released its August 2026 oil production figures, reporting total output of 2,838 barrels at an average rate of 91 barrels per day. The company recorded oil revenue of $247,143 and net operating cash flow of $140,447 for the month, with oil prices averaging CAD$87 per barrel. The update offers investors a current view of the company's producing oil assets across five active projects in Alberta.

Key Points

  • Argo Gold Inc. (CSE: ARQ, OTC Pink: ARBTF, XFRA: A2ASDS)
  • August 2026 oil production totalled 2,838 barrels, averaging 91 barrels per day across five projects
  • Oil revenue of $247,143 and net operating cash flow of $140,447 at CAD$87 per barrel average price
  • Investors may be watching how monthly cash flow trends evolve across Argo's portfolio of partial-interest oil projects

Argo Gold's Five-Project Oil Portfolio Drives August Output

Argo Gold's August production was spread across five oil projects, each held at a partial working interest. The Lloyd 2 project contributed the highest gross production at 117 barrels per day, with Argo's 23.077% interest yielding 27 barrels per day and net operating cash flow of $59,276 — the strongest individual contributor for the month. The Lindbergh 1 and Lindbergh 3 projects also contributed meaningfully, while Lloyd 1 and Lindbergh 2 recorded lower net operating cash flow at $15,211 and $5,902 respectively, the release states.

Revenue and Cash Flow Breakdown Across Lindbergh and Lloyd Assets

Of the $247,143 in total oil revenue reported, Argo's share of each project reflects its partial ownership stakes ranging from 18.75% to 37.5%. Lindbergh 2, despite a 37.5% interest, generated the lowest net operating cash flow at $5,902, suggesting higher operating costs relative to revenue at that asset. Lloyd 2 led all projects on a cash flow basis at $59,276, followed by Lindbergh 1 at $37,742 and Lindbergh 3 at $22,316. The company did not disclose project-level cost breakdowns or the reasons for variance in margins.

Argo Gold's Dual Identity as Mineral Explorer and Oil Producer

Argo Gold describes itself as both a Canadian mineral exploration and development company and an oil producer. The monthly oil production disclosures reflect the company's active revenue-generating operations, which run alongside its mineral exploration activities. The company is listed on the Canadian Securities Exchange, the OTC Pink market, and multiple European exchanges under the symbol A2ASDS. The immediate share price impact of this production update was not clear from available public information.