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Argo Gold Inc. (C:ARQ)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 25 Adelaide Street East, Suite 1400
TORONTO ON M5C 3A1
Tel: 1-416-7867860
Website: https://argogold.com
IR: See website
Key People
Judith C. Baker
Chief Executive Officer, Director
Michael H. Farrant
Chief Financial Officer
Pedro Villigran Garcia
Vice President
David McDonald
Controller
   
Business Overview
Argo Gold Inc. is a Canada-based mineral exploration and development company. The Company is also an oil producer. It is engaged in the acquisition, exploration, and development of mineral properties, and is acquiring potential oil and gas assets for exploration and production. Its projects include Uchi Gold Project, Northwestern Ontario Gold Projects, Zinc Silver Cobalt Projects, and Oil and Gas Projects in Alberta. The Uchi Gold Project (which includes the Woco Gold Prospect) is located west of Uchi Lake at the south end of a series of gold mines (Uchi Mine) on a north-south trend. It has 100% ownership in six high-grade gold exploration projects in the north and northwestern regions of Ontario. It has one high-grade zinc-silver project in northern Ontario, the Hurdman Property near Timmins. The Hurdman Zinc-Silver Project has about 433 claims over 6,929 acres. It has a cobalt project in northern Ontario at Keelow Lake. The Company is engaged in oil production in Lindbergh oil well.
Financial Overview
For the nine months ended 30 September 2023, Argo Gold Inc revenues increased from C$0K to C$521K. Net loss applicable to common stockholders decreased 85% to C$166K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects FV Adjustments of Financial Investments decrease from C$228K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $5.70M as of Sep 30, 2023
Annual revenue (TTM): $0.52M as of Sep 30, 2023
EBITDA (TTM): -$0.35M as of Sep 30, 2023
Net annual income (TTM): -$0.50M as of Sep 30, 2023
Free cash flow (TTM): -$0.73M as of Sep 30, 2023
Net Debt Last Fiscal Year: $1.03M as of Sep 30, 2023
Shares outstanding: 72,353,851 as of Dec 7, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization