Argo Gold produces 2,254 bbl of oil in January

Executive Summary

• Argo Gold reported January 2026 oil production of 2,254 barrels (73 bbl/d) generating $129,344 in revenue and $80,891 of net operating cash flow.
• The partial redrill of the Lloyd 2 well (23.077% interest) was completed, bringing the previously collapsed well back on line.
• Alex H. Falconer, CPA, CA, was appointed to Argo’s advisory board, and the company granted 500,000 stock options at $0.12 per share to a consultant, exercisable through March 18 2029 with a four‑month hold period.

Key Details

• January Oil Production: 2,254 barrels total; average 73 barrels per day.
• Oil Price Assumption: $57 per barrel (average).
• Revenue & Cash Flow: Oil revenue of $129,344; net operating cash flow of $80,891 for the month.
• Lloyd 2 Well: Partial redrill completed; Argo’s 23.077% interest restored to production after collapse.
• Advisory Board Appointment: Alex H. Falconer, CPA, CA, joins advisory board; brings extensive public‑company board experience in minerals and energy.
• Option Grant: 500,000 options granted to a consultant at $0.12 per share; expiration March 18 2029; four‑month hold period applies to shares issuable upon exercise.

Notable Quotes

(No direct quotes were provided in the release.)