Argo Gold Records 2,254-Barrel January Production, Completes Lloyd 2 Redrill
Argo Gold produced 2,254 barrels in January 2026 (73 bbl/day) at an average CAD57/barrel, yielding $129,344 revenue and $80,891 cash flow. The company completed a partial redrill of its collapsed Lloyd 2 well to restore production and granted 500,000 stock options exercisable at $0.12 until March 2029.
1. January 2026 Production Results
Argo Gold produced a total of 2,254 barrels of oil in January 2026, averaging 73 barrels per day across its Lindbergh and Lloyd assets. Oil sold at an average price of CAD57 per barrel generated $129,344 in revenue and $80,891 in net operating cash flow.
2. Lloyd 2 Redrill Completion
The partial redrill of Argo Gold’s 23.077% interest Lloyd 2 well was completed, successfully bringing the previously collapsed section back online and restoring production capacity.
3. Advisory Appointment and Option Grants
Argo Gold appointed Alex H. Falconer, CPA, CA, to its Advisory Board, drawing on his board-level experience in mineral and energy sectors. Concurrently, the company granted 500,000 stock options exercisable at $0.12 per share until March 18, 2029, subject to a four-month hold period.