The paper presents systematic Langmuir probe diagnostic of a dc discharge in Ar/O2 mixture with low fraction of O2, burning in a sputtering planar magnetron. Electron density, electron temperature and plasma potential are investigated in dependence upon experimental conditions like pressure, rate of oxygen, incoming power, and on balanced or unbalanced mode of magnetron. A new method of determining negative-ion density from the current-voltage characteristic is proposed. This method is based on comparison of the characteristic measured in electronegative plasma (e.g. Ar/O2) with a reference characteristic scanned in an electropositive counterpart (Ar), existing in similar conditions.