See more : Thomson Reuters Corporation (TRI.TO) Income Statement Analysis – Financial Results
Complete financial analysis of Argo Gold Inc. (ARBTF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Argo Gold Inc., a leading company in the Gold industry within the Basic Materials sector.
You may be interested
- TMT (INDIA) LTD. (TMTIND-B1.BO) Income Statement Analysis – Financial Results
- Allegiance Coal Limited (AHQ.AX) Income Statement Analysis – Financial Results
- Timken India Limited (TIMKEN.BO) Income Statement Analysis – Financial Results
- Fositek Corp. (6805.TW) Income Statement Analysis – Financial Results
- Revolution Acceleration Acquisition Corp (RAACW) Income Statement Analysis – Financial Results
Argo Gold Inc. (ARBTF)
About Argo Gold Inc.
Argo Gold Inc., a development stage company, focuses on the exploration and development of mineral properties in northwestern Ontario. The company explores for gold, silver, cobalt, and zinc deposits. Its flagship project is the 100% owned Uchi gold project covering 22 square kilometers located to the west of Uchi Lake in the Birch-Uchi Greenstone Belt, Ontario; and the 100% owned Talbot Lake gold project covering 760 hectares located in the Uchi geological sub-province. The company was formerly known as Arbitrage Exploration Inc. and changed its name to Argo Gold Inc. in September 2016. Argo Gold Inc. was incorporated in 1995 and is based in Toronto, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 952.69K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 421.48K | 3.36K | 2.14K | 1.14K | 5.25K | 2.96K | 2.95K | 299.00 | 373.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 483.92K | 288.98K | 0.00 | 0.00 |
| Gross Profit | 531.22K | -3.36K | -2.14K | -1.14K | -5.25K | -2.96K | -2.95K | -299.00 | -373.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -483.92K | -288.98K | 0.00 | 0.00 |
| Gross Profit Ratio | 55.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 233.55K | 116.97K | 79.73K | 37.26K | 122.52K | 112.14K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 214.01K | 548.22K | 619.69K | 1.13M | 672.52K | 555.16K | 533.47K | 294.47K | 165.73K | 92.57K | 200.30K | 181.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 150.93K | 686.42K | 116.97K | 79.73K | 31.25K | 65.67K | 38.07K | 15.73K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 364.95K | 1.23M | 619.69K | 1.13M | 703.77K | 620.83K | 571.54K | 294.47K | 165.73K | 92.57K | 200.30K | 181.00K | 158.30K | 0.00 | 0.00 | 0.00 | 287.91K | 235.82K | 595.96K | 134.07K | 168.55K | 448.33K | 466.00K |
| Other Expenses | 0.00 | 43.75K | 224.65K | 5.95K | 299.47K | 0.00 | 61.07K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 51.02K | 47.58K | 8.06K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 364.95K | 1.23M | 1.90M | 1.77M | 1.56M | 624.43K | 692.23K | 300.46K | 170.01K | 93.03K | 200.89K | 287.19K | 378.01K | 189.51K | 41.83K | 195.58K | 287.91K | 235.82K | 595.96K | 134.07K | 168.55K | 448.33K | 466.00K |
| Cost & Expenses | 786.43K | 1.24M | 1.90M | 1.77M | 1.56M | 627.39K | 692.23K | 300.46K | 170.01K | 93.03K | 200.89K | 287.19K | 378.01K | 189.51K | 41.83K | 195.58K | 287.91K | 235.82K | 595.96K | 617.98K | 457.53K | 448.33K | 466.00K |
| Interest Income | 1.30K | 0.00 | 5.00 | 38.00 | 40.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 10.00 | 0.00 | 58.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 137.49K | 1.79K | 1.77K | 1.16K | 398.00 | 0.00 | 0.00 | 4.63K | 3.47K | 0.00 | 5.16K | 0.00 | 0.00 | 0.00 | 0.00 | 22.43K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 112.55K | 3.36K | 2.14K | 1.14K | 5.25K | 2.96K | 2.95K | 299.00 | 373.00 | 466.00 | 583.00 | 729.00 | 794.00 | 0.00 | 0.00 | 30.49K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -29.97K | -988.26K | -1.40M | -1.61M | -1.60M | -901.69K | -628.21K | -262.05K | -169.64K | -92.57K | -200.30K | -286.46K | -377.22K | -189.51K | -41.83K | -187.52K | -287.91K | -235.82K | -595.96K | -617.98K | -457.53K | -448.33K | -466.00K |
| EBITDA Ratio | -3.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 166.27K | -1.24M | -1.40M | -3.34M | -1.60M | -904.65K | -692.23K | -305.09K | -95.48K | -93.03K | 62.01K | -287.19K | -378.01K | -189.51K | -41.83K | -218.01K | -287.91K | -235.82K | -595.96K | -617.98K | -457.53K | -448.33K | -466.00K |
| Operating Income Ratio | 17.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -446.27K | -396.19K | -440.65K | 1.40M | 375.53K | 251.00K | 17.11K | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 10.00 | 51.02K | 47.58K | 8.06K | -322.49K | 37.43K | -325.34K | 0.00 | 0.00 | 0.00 | 324.35K |
| Income Before Tax | -280.00K | -1.44M | -2.18M | -206.55K | -1.23M | -350.13K | -675.13K | -305.09K | -95.48K | -93.03K | 62.01K | -287.19K | -378.00K | -138.49K | 5.75K | -209.95K | -610.40K | -198.39K | -921.30K | 0.00 | 0.00 | 0.00 | -141.65K |
| Income Before Tax Ratio | -29.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 2.40K | 500.29K | -1.56M | -37.85K | -277.26K | 61.07K | -1.06K | 3.47K | -13.58K | 5.16K | -72.75K | 72.75K | 0.00 | -58.00 | 0.00 | -256.57K | 0.00 | 155.20K | 637.71K | 464.24K | 487.02K | 29.32K |
| Net Income | -280.00K | -1.45M | -2.18M | -206.55K | -1.23M | -350.13K | -675.13K | -305.09K | -95.48K | -93.03K | 62.01K | -214.44K | -450.75K | -138.49K | 5.81K | -209.95K | -353.83K | -198.39K | -1.08M | -637.71K | -464.24K | -487.02K | -170.96K |
| Net Income Ratio | -29.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.00 | -0.02 | -0.03 | 0.00 | -0.03 | -0.01 | -0.03 | -0.02 | -0.01 | -0.01 | 0.01 | -0.01 | -0.02 | -0.03 | 0.00 | -0.06 | -0.10 | -0.05 | -0.33 | -0.28 | -0.29 | -0.49 | -0.27 |
| EPS Diluted | 0.00 | -0.02 | -0.03 | 0.00 | -0.03 | -0.01 | -0.03 | -0.02 | -0.01 | -0.01 | 0.01 | -0.01 | -0.02 | -0.03 | 0.00 | -0.06 | -0.10 | -0.05 | -0.33 | -0.28 | -0.29 | -0.49 | -0.27 |
| Weighted Avg Shares Out | 72.35M | 65.99M | 63.08M | 51.29M | 37.41M | 30.31M | 26.25M | 14.72M | 12.30M | 11.13M | 7.37M | 23.62M | 23.62M | 5.21M | 3.91M | 3.63M | 3.63M | 3.63M | 3.25M | 2.32M | 1.59M | 985.44K | 644.07K |
| Weighted Avg Shares Out (Dil) | 72.34M | 65.99M | 63.08M | 51.29M | 37.41M | 30.31M | 26.25M | 14.72M | 12.30M | 11.13M | 7.37M | 23.62M | 23.62M | 5.21M | 3.91M | 3.63M | 3.63M | 3.63M | 3.25M | 2.32M | 1.59M | 985.44K | 644.07K |
Argo's 2023 Oil Production
Toronto, Ontario--(Newsfile Corp. - May 1, 2024) - Argo Gold Inc.'s (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") total 2023 oil production was 17,553 barrels for the company's first year as an oil producer...
Argo's Year-End 2023 Oil Reserves Report
Toronto, Ontario--(Newsfile Corp. - April 8, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC PINK: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2023 Reserves Report ("Reserves Report"), with an effective date of December 31, 2023, is...
Argo's February 2024 Oil Production
Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC PINK: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") February 2024 oil production was a total of 3,182 barrels for the month, averaging 110...
Argo's January 2024 Oil Production
Toronto, Ontario--(Newsfile Corp. - March 11, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") January 2024 oil production was a total of 3622 barrels for the month, averaging 117 barrels per...
Argo December 2023 Oil Production
Toronto, Ontario--(Newsfile Corp. - February 8, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") oil December 2023 oil production reached a record of 3,980.5 barrels for the month, averaging 128.4 barrels per day.
Argo Closes Second Tranche of Financing and Operations Update
Toronto, Ontario--(Newsfile Corp. - November 2, 2023) - Argo Gold Inc's. (CSE: ARQ) (OTCQB: ARBTF) (FSE: P3U) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") oil production results for September 2023: Lindbergh Oil Production Argo's 37.5% interest Argo's Oil Revenue Argo's net operating cash flow September...
Argo Update on Lloyd Oil
Toronto, Ontario--(Newsfile Corp. - September 21, 2023) - Argo Gold Inc. ("Argo") (CSE: ARQ) (OTCQB: ARBTF) (XFRA, XSTU, XBER: A2ASDS) announces that drilling has begun at the Lloyd oil well proximal to Lloydminister, Alberta. The Lloyd oil well is a mulit-lateral horizontal...
Argo's Lindbergh Oil Production for the Second Quarter 2023
Toronto, Ontario--(Newsfile Corp. - August 8, 2023) - Argo Gold Inc.(CSE: ARQ) (OTCQB: ARBTF) (XFRA, XSTU, XBER: A2ASDS) ("Argo") announces its oil production results for the Lindbergh oil well including April, May and June 2023. Drilling commenced at the Lindbergh in mid-March 2023 and...
Argo Gold Assays 32.84 g/t Au over 2.5 metres at the Raingold Area, Uchi Gold Project
Toronto, Ontario--(Newsfile Corp. - October 15, 2021) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) (FSE: P3U) ("Argo Gold") has completed a 17 hole, 2670 metre drill program at the Uchi Lake Gold Project. Analytical results have been received and compilation of...
Argo Gold Update on the Uchi Gold Drill Program
Toronto, Ontario--(Newsfile Corp. - July 15, 2021) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) (FSE: P3U) ("Argo Gold") has completed a 2670 metre drill program at the Uchi Lake Gold Project. The drill program tested the downdip and strike extension...
Source: https://incomestatements.info
Category: Stock Reports