Argo to Renew Its Normal Course Issuer Bid

Impact · against what's priced in

Argo Gold is renewing its share buyback program to purchase up to 5% of its outstanding shares over the next 12 months. This provides modest price support and signals management's view that the stock is undervalued.

ARQ+0.30: No priced-in read yet
In context: The renewal of the NCIB to repurchase up to 2,701,820 common shares reduces share supply and indicates management believes the current market price does not reflect the company's full value.
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Argo to Renew Its Normal Course Issuer Bid

energy▲4%
oil
mining
ARQ
buyback
canada
gold
precious metals
share repurchase

Argo to Renew Its Normal Course Issuer Bid

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