Argo Gold Reports June Oil Production Figures
Argo Gold Inc., a Canadian mineral exploration and development company that also produces oil, reported its June 2026 production figures. The company's total oil production for the month was 2,159 barrels, averaging 72 barrels per day. Argo holds interests in several wells, including Lindbergh 1 and Lloyd 1, which contributed to this overall output.
The Lindbergh 1 well produced 34 barrels of oil per day, while Lloyd 1 averaged 60 barrels per day. In contrast, the Lindbergh 3 well had a much lower production rate at just 6 barrels per day. The Lloyd 2 well was also significant, with a daily output of 134 barrels.
The company's total oil revenue for June 2026 was $181,184, with net operating cash flow amounting to $116,962. Oil prices averaged CAD$84 per barrel during the month.