Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Jon Armes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공지 • Dec 23
Argo Gold Inc., Annual General Meeting, Feb 26, 2026 Argo Gold Inc., Annual General Meeting, Feb 26, 2026. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Jonathan Armes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CA$0.004 (vs CA$0 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.004 (up from CA$0 in 2Q 2023). Revenue: CA$621.2k (up 194% from 2Q 2023). Net income: CA$284.5k (up CA$311.8k from 2Q 2023). Profit margin: 46% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. 공지 • Aug 08
Argo Gold Inc. (CNSX:ARQ) agreed to acquire Mineral claims located in North Saskatchewan for CAD 0.08 million. Argo Gold Inc. (CNSX:ARQ) agreed to acquire Mineral claims located in North Saskatchewan for CAD 0.08 million on August 7, 2024. A consideration consists of CAD 7000 will be paid by Argo Gold Inc. The consideration consists of 1 million common equity of Argo Gold Inc. having a value of CAD 0.07 million to be issued for assets of Mineral claims located in North Saskatchewan. New Risk • May 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.7m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 0.5% per year over the past 5 years. Revenue is less than US$1m (CA$953k revenue, or US$694k). Market cap is less than US$10m (€4.09m market cap, or US$4.37m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Board Change • Nov 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Jonathan Armes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공지 • Sep 22
Argo Gold Inc. Provides Update on Lloyd Oil Argo Gold Inc. announced that drilling has begun at the Lloyd oil well proximal to Lloydminister, Alberta. The Lloyd oil well is a mulit-lateral horizontal oil well targeting 3000 metres in the Sparky oil formation. Argo's interest in Lloyd is pursuant to Argo's second participation agreement with Croverro Energy, whereby Argo is paying the operator 25% of the cost to drill, complete, and fully equip or abandon the well to earn an 18.75% interest in the well. Estimated costs are $450,000 and Argo's 18.75% share of oil production is estimated to be 30 barrels of oil per day. Argo also announces that Judy Baker, CEO of the company, is loaning Argo $310,000 to fund a portion of drilling at the Lloyd oil well. The secured loan has a term of 10 months and bears an interest rate of 10% per annum. The loan is a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The loan transaction is exempt from the MI 61-101 valuation and minority approval requirements for related party transactions pursuant to the exemptions contained sections 5.5(a) and 5.7(a) of MI 61-101, respectively, as neither the subject matter of, nor the consideration for, the loan, exceeds 25% of Argo's market capitalization. Argo is currently completing a non-brokered private placement of up to 12,000,000 common shares at a price of $0.10 per share, for gross proceeds of up to $1,200,000. The proceeds of the financing will be used for participation in the Sparky oil wells at Lloyd and Lindbergh, and for general corporate purposes. Finder's fees may be payable to qualified individuals pursuant to which the finder may receive a finder's fee equal to 8% of the gross proceeds of the financing attributable to such finder. 공지 • Jan 14
Argo Gold Inc. announced that it expects to receive CAD 2.5 million in funding Argo Gold Inc. announced a private placement of up to 25,000,000 shares at a price of CAD 0.10 per share for gross proceeds of up to CAD 2,500,000 on January 13, 2022. The company may pay finders' fee equal to 8% of the gross proceeds of the financing sold by such finder. The financing closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director George Langdon is the most experienced director on the board, commencing their role in 2013. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Recent Insider Transactions • Dec 23
CEO & Director recently sold €138k worth of stock On the 14th of December, Judith Baker sold around 1m shares on-market at roughly €0.11 per share. This was the largest sale by an insider in the last 3 months. Judith has been a seller over the last 12 months, reducing personal holdings by €128k. 
