Argo Gold Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 18, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	4	6	8	7	7	13	Upgrade
Market Cap Growth	1.04%	-21.43%	3.38%	4.76%	-45.07%	179.83%	Upgrade
Enterprise Value	5	7	9	7	6	12	Upgrade
Last Close Price	0.06	0.08	0.10	0.11	0.10	0.20	Upgrade
PE Ratio	59.29	13.49	-	-	-	-	Upgrade
PS Ratio	2.10	2.63	7.88	-	-	-	Upgrade
PB Ratio	3.16	4.00	7.91	11.83	3.36	3.19	Upgrade
P/TBV Ratio	3.16	4.00	7.91	11.83	3.36	3.19	Upgrade
P/FCF Ratio	41.17	24.75	-	-	-	-	Upgrade
P/OCF Ratio	5.62	6.19	61.50	-	-	-	Upgrade
EV/Sales Ratio	2.50	3.12	8.96	-	-	-	Upgrade
EV/EBITDA Ratio	6.38	6.03	22.13	-	-	-	Upgrade
EV/EBIT Ratio	13.62	9.65	-	-	-	-	Upgrade
EV/FCF Ratio	48.98	29.37	-	-	-	-	Upgrade
Debt / Equity Ratio	0.80	0.75	1.17	-	-	-	Upgrade
Debt / EBITDA Ratio	1.36	0.96	2.88	-	-	-	Upgrade
Debt / FCF Ratio	10.45	4.66	-	-	-	-	Upgrade
Asset Turnover	0.67	0.74	0.49	-	-	-	Upgrade
Quick Ratio	0.25	0.28	0.13	0.25	14.81	9.69	Upgrade
Current Ratio	0.25	0.29	0.22	0.32	15.24	9.77	Upgrade
Return on Equity (ROE)	5.62%	36.09%	-35.83%	-108.22%	-72.30%	-8.58%	Upgrade
Return on Assets (ROA)	7.74%	14.91%	-0.55%	-40.79%	-33.72%	-37.02%	Upgrade
Return on Capital (ROIC)	9.77%	19.52%	-0.79%	-49.30%	-36.10%	-41.79%	Upgrade
Return on Capital Employed (ROCE)	26.00%	46.50%	-	-	-	-	Upgrade
Earnings Yield	1.71%	7.41%	-3.73%	-19.94%	-31.41%	-1.64%	Upgrade
FCF Yield	2.43%	4.04%	-22.29%	-11.23%	-28.61%	-12.08%	Upgrade
Buyback Yield / Dilution	-0.70%	-1.70%	0.03%	-14.70%	-23.00%	-37.09%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.