Argo Gold (XCNQ:ARQ) Accounts Payable & Accrued Expense : C$0.61 Mil (As of Mar. 2024)

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What is Argo Gold Accounts Payable & Accrued Expense?

Argo Gold's quarterly accounts payable & accrued expense increased from Sep. 2023 (C$0.32 Mil) to Dec. 2023 (C$0.66 Mil) but then declined from Dec. 2023 (C$0.66 Mil) to Mar. 2024 (C$0.61 Mil).

Argo Gold's annual accounts payable & accrued expense increased from Dec. 2021 (C$0.04 Mil) to Dec. 2022 (C$0.48 Mil) and increased from Dec. 2022 (C$0.48 Mil) to Dec. 2023 (C$0.66 Mil).

Argo Gold Accounts Payable & Accrued Expense Historical Data

The historical data trend for Argo Gold's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Argo Gold Accounts Payable & Accrued Expense Chart

Argo Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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0.27

0.12

0.04

0.48

0.66

Argo Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.54	0.41	0.32	0.66	0.61

Argo Gold Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Argo Gold (XCNQ:ARQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argo Gold Inc (XCNQ:ARQ) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

ARBTF:USA P3U:Germany

Address

350 Bay Street, Suite 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.argogold.com

Argo Gold Inc is focused on gold exploration projects in central and northwestern Ontario. It is engaged in the acquisition, exploration, and development of mineral properties. Its projects include Uchi Gold Project; Woco Zone in the Uchi Gold Project, and Northgate Zone Uchi Gold Project, NW Ontario Gold Projects, Talbot Lake Gold Project, Angela Lake Gold Project, Zinc Silver Cobalt Projects, Hurdman Zinc-Silver Property, and Keelow Lake Project.

Executives

Judith Catharine Baker

Director