Contango Ore's DSO model minimizes environmental impact and costs, but shipping ore and hedging issues have increased production costs and shareholder concerns. Despite setbacks, higher gold prices could extend Manh Choh's mine life, and weather-related delays at Willow Creek will eventually resolve, boosting growth prospects. The Johnson Tract property acquired from HighGold offers significant growth potential, positioning Contango as a potential multi-mine producer in Alaska with promising future prospects.
FAIRBANKS, Ark., Feb. 18, 2025 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that it has amended its credit facility (the "Facility") to defer $10.6 million ("M") of principal repayments and delivery of 15,000 hedged gold ounces into the first half of 2027 (the "New Repayment Schedule") and extend the maturity date of the Facility from December 31, 2026 to June 30, 2027.
FAIRBANKS, Alaska , Dec. 18, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that the Peak Gold JV paid a cash distribution of $9.0 million to Contango on December 19, 2024. These proceeds relate to Contango's 30% of profits from the processing Manh Choh ore from Campaign #3.
FAIRBANKS, Alaska , Nov. 29, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) announced guidance today for its 30% interest in the Peak Gold JV, including reaffirmation of anticipated 2025 gold production and updated anticipated all-in sustaining costs ("AISC") for the mine and 2025 cash distributions from the Peak Gold JV. In addition, the Company provided an update on its credit facility (the "Facility") and related hedge contracts.
FAIRBANKS, Alaska , Nov. 21, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce drill results from the 2024 surface drill campaign and provide an update on its 2024 exploration and development program at the Johnson Tract polymetallic gold project (the Project). The Project hosts the high-grade Johnson Tract deposit (the JT Deposit) with an Indicated Resource of 1.05 million ounces at 9.39 grams per tonne (g/t) gold equivalent (AuEq) with average true thickness of 40 meters (m).
FAIRBANKS, Alaska, Nov. 14, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) announced today it filed its Form 10-Q for the quarter ended September 30, 2024 ("Q3-2024") with the Securities and Exchange Commission. Periods referenced in this release include the nine month period ended September 30, 2024 ("YTD-2024"), the quarter ended September 30, 2023 ("Q3-2023") and the nine month period ended September 30, 2023 ("YTD-2023").
Fairbanks, Alaska--(Newsfile Corp. - November 11, 2024) - Contango Ore Inc (NYSE American: CTGO) is pleased to announce its participation at the upcoming New Orleans Investment Conference on Thursday, November 21st at the Hilton New Orleans Riverside. Rick Van Nieuwenhuyse, President & CEO of Contango Ore Inc will be doing an investor presentation and participating in 1-on-1 meetings with investors at the conference.
FAIRBANKS, AK , Nov. 7, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that the Peak Gold JV paid a cash distribution of $12.0 million on October 24, 2024. These proceeds relate to Contango's 30% of profits from the processing of Manh Choh ore from Campaign #2.
FAIRBANKS, Alaska , Sept. 17, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that the Peak Gold JV paid a cash distribution of $19.5 million.
FAIRBANKS, Alaska--(BUSINESS WIRE)--Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) announced today it filed its Form 10-Q for the quarter ended June 30, 2024 (“Q2-2024”) with the Securities and Exchange Commission. The Company reported a net loss of $18.5 million (“M”) or a loss of $1.90 per basic and diluted share for Q2-2024, which includes a non-cash expense of $12.6 M related to a loss on mark-to-market derivative contracts, calculated based on a forward gold price c.