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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.
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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 Gold Commences Drilling at the Uchi Lake Gold Project
Toronto, Ontario--(Newsfile Corp. - June 8, 2021) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) (FSE: P3U) ("Argo Gold") has commenced drilling at the Uchi Lake Gold Project. A helicopter supported program started in early June. All drill sites have...
Argo Gold Stock Option Cancellation
Toronto, Ontario--(Newsfile Corp. - January 31, 2021) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) ("Argo Gold" or the "Company") announces that all of the 5,000,000 stock options currently outstanding under the Company's stock option plan have been cancelled. The...
Argo Gold Closes Oversubscribed Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - December 24, 2020) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) ("Argo Gold" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement offering (the "Offering"), through the issuance...
Source: https://incomestatements.info
Category: Stock Reports