Argo Gold Inc. (CSE: ARQ) has released its August 2026 oil production update, reporting total output of 2,838 barrels at an average rate of 91 barrels per day across five operated properties. Oil prices averaged CAD$87 per barrel during the month, generating oil revenue of $247,143 and net operating cash flow of $140,447. The disclosure offers investors a detailed look at production contributions and cash flow from each of the company's oil interests.

Key Points

  • Argo Gold Inc. (CSE: ARQ | OTC Pink: ARBTF)
  • August 2026 total oil production reached 2,838 barrels, averaging 91 barrels per day across five properties
  • Oil revenue of $247,143 and net operating cash flow of $140,447 reported; average oil price was CAD$87 per barrel
  • Investors may be watching how monthly production volumes and cash flow trends develop across Argo's oil interests

August 2026 Production Breakdown Across Argo's Five Oil Properties

The release states that production was spread across two Lloyd and three Lindbergh properties. The Lloyd 2 asset, in which Argo holds a 23.077% interest, was the strongest individual contributor, producing 117 barrels per day gross and delivering net operating cash flow of $59,276. Lindbergh 1, held at a 37.5% interest, contributed net cash flow of $37,742, while Lloyd 1 at 18.75% interest contributed $15,211. Lindbergh 3, at an 18.75% interest, added $22,316, and Lindbergh 2, also at 37.5%, contributed $5,902 to net operating cash flow.

Oil Revenue and Net Operating Cash Flow by Asset

Argo's total oil revenue for August 2026 was $247,143, with net operating cash flow reaching $140,447 across all five properties. Lloyd 2 generated the highest oil revenue at $72,683 and the highest net operating cash flow. Lindbergh 1 followed with $62,094 in revenue and $37,742 in net operating cash flow. Lindbergh 2 recorded $43,219 in revenue, though its net operating cash flow of $5,902 was notably lower relative to revenue, suggesting higher operating costs at that asset during the period. The company did not disclose the reasons for this variance in the announcement.

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

As the release states, Argo Gold is a Canadian mineral exploration and development company that also operates as an oil producer. The company is listed on the Canadian Securities Exchange under the ticker ARQ, as well as on OTC Pink Markets and European exchanges in Frankfurt, Stuttgart, and Berlin. This August production update reflects the oil-producing segment of the business, and investors may be watching whether monthly production rates and operating cash flow from oil assets continue to support the company's broader activities.