Contango Ore, Inc., an exploration stage company, engages in the exploration of gold and associated minerals in the United States. It also explores for copper and silver deposits. The company, through its subsidiaries, leases approximately 675,000 acres from the Tetlin Tribal Council and approximately 13,000 State of Alaska mining claims for exploration and development; and owns 100% interest in the mineral rights to approximately 200,000 acres of State of Alaska mining claims located north and northwest of the Tetlin Lease. The company also holds interest in the Shamrock property that consists of 361 Alaska state mining claims covering approximately 52,640 acres. Contango Ore, Inc. was founded in 2009 and is based in Houston, Texas.
IPO Year: 2021
Exchange: AMEX
Website: contangoore.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/14/2023 | $36.00 | Buy | Maxim Group |
| 1/7/2022 | $37.50 | Overweight | Cantor Fitzgerald |
FAIRBANKS, Alaska, Nov. 21, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE: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). The 2024 exploration program drilled approximately 3,000 m (9,842 feet) in 18 holes drilled to infill the upper one-third of the near vertical resource and three ho
FAIRBANKS, Alaska, Nov. 21, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE: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). The 2024 exploration program drilled approximately 3,000 m (9,842 feet) in 18 holes drilled to infill the upper one-third of the near vertical resource and three ho
FAIRBANKS, Alaska, Nov. 14, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE: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"). The Company's unrestricted cash position as of September 30, 2024 was $36.2 million ("M") compared to $24.1 M as of Jun
FAIRBANKS, AK, Nov. 7, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE: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. In total, Contango has received $31.5 million in cash distributions from the Peak Gold JV since commencing the processing of Manh Choh ore in July 2024. The Peak Gold JV has completed two campaigns with a third campaign currently underway. Contango's 30% share of p
FAIRBANKS, Alaska, Sept. 17, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE:CTGO) is pleased to announce that the Peak Gold JV paid a cash distribution of $19.5 million. These proceeds relate to Contango's 30% of profits from the processing Manh Choh ore from Campaign #1. The Peak Gold JV is planning two further campaigns in 2024, the second currently underway, with at least one more cash distribution expected to occur before the end of the year. Contango estimates its share of gold production from the Peak Gold JV for 2024 to be between 30,000 and 40,000 ounces of gold.
FAIRBANKS, Alaska, Sept. 9, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE:CTGO) is pleased to announce that the Peak Gold JV has started processing Campaign #2 of Manh Choh ore through the Kinross Fort Knox mill located near Fairbanks, Alaska. Processing of ore for the Second Campaign started on August 27th and will continue into late September. In addition, the Company reported the following general corporate updates: it received the 404 Wetlands Permit from the US Army Corps of Engineers (the "USCOE") to construct an access road from the Johnson
Contango ORE, Inc. ("Contango" or the "Company") (NYSE:CTGO) is pleased to announce the results on gold production from the First Batch of Manh Choh ore processed at the Fort Knox mill located near Fairbanks, Alaska and operated by Kinross Alaska. Processing of ore from the First Batch started on July 3rd and continued through August 2nd. Results for the First Batch of Manh Choh Ore Processed1 Fort Knox processed approximately 210,000 tons (190,500 tonnes) of Manh Choh ore with an average grade of approximately 0.276 ounce/ton (9.46 grams/tonne ("g/t")), with an average recovery of 95%. Recoveries were slightly better than the 90% estimated in the Manh Choh Technical Report Summary2 (th
Contango ORE, Inc. ("Contango" or the "Company") (NYSE: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 compared to the contracted hedge price. This compares to a net loss of $10.4 M or a loss of $1.38 per basic and diluted share for the three month period ended June 30, 2023 ("Q2-2023"). The primary reason for the increase in net loss in the 2024
Contango ORE, Inc. ("Contango" or the "Company") (NYSE:CTGO) is pleased to announce the start of a surface drilling campaign at the Johnson Tract property. The 2024 surface exploration drilling targets 3,000 meters (~9,850 ft) across 20 drill holes and is designed to in-fill the upper one-third of the near vertical resource. In parallel with the in-fill drilling, selected holes will undergo hydrological testing and monitoring to characterize the overall surficial and deposit hydrology and water quality. In addition to assaying the core, selected drill core will undergo advanced metallurgical, geochemical, and specific gravity tests to assist in building a geometallurgical model for the depo
Contango ORE, Inc. (NYSE:CTGO) ("Contango" or the "Company") and HighGold Mining Inc. (TSXV:HIGH, OTCQX:HGMIF) ("HighGold") are pleased to announce that Contango has completed its acquisition of HighGold (the "Acquisition") by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the "BCBCA"). The Acquisition was overwhelmingly approved by HighGold securityholders in accordance with the requirements of the BCBCA at a special meeting of HighGold securityholders held on June 27, 2024, and was subsequently approved by the Supreme Court of British Columbia on July 2, 2024. Rick Van Nieuwenhuyse, CEO and President for Contango commented: "With the
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Contango ORE, Inc. ("Contango" or the "Company") (NYSE:CTGO) announced today that the Company held its annual meeting of stockholders on November 14, 2023 and the following directors were elected to serve until the 2024 annual meeting of stockholders: Brad Juneau Rick Van Nieuwenhuyse Joseph S. Compofelice Curtis J. Freeman Richard A. Shortz The following proposals were also approved by the stockholders: The approval the 2023 Omnibus Incentive Plan; The ratification of the appointment of Moss Adams LLP as the independent auditors of the Company for the fiscal year ending June 30, 2024; The approval, on a non-binding advisory basis, of the compensation of the Company's named exe
Contango ORE, Inc. ("CORE" or the "Company") (NYSE:CTGO) announced today that the Company held its annual meeting of stockholders on November 10, 2022 and the following directors were elected to serve until the 2023 annual meeting of stockholders: Brad Juneau Rick Van Nieuwenhuyse Joseph S. Compofelice Curtis J. Freeman Richard A. Shortz The following proposals were also approved by the stockholders: 1) The approval of the Second Amendment to the Amended and Restated 2010 Equity Compensation Plan; 2) The ratification of the appointment of Moss Adams LLP as the independent auditors of the Company for the fiscal year ending June 30, 2023; 3) The approval
Contango ORE Inc (NASDAQ:CTGO) shares are trading lower by 21% to $19.66 during Tuesday’s session after the company announced the pricing of its underwritten public offering of 731,750 units at $20.50 per unit, each comprising one share of common stock and one-half of a warrant, with whole warrants exercisable at $26.00 per share for 36 months. The units will be sold together but issued separately. The offering aims to raise approximately $15 million in gross proceeds before expenses and is expected to close around June 12. The net proceeds will be used for general corporate purposes, including working capital and exploration projects, particularly the Lucky Shot Project and the Johnso
Shares of Contango Ore, Inc. (NYSE:CTGO) fell sharply during Tuesday's session after the company announced pricing of $15 million underwritten public offering. Contango Ore shares dipped 18.4% to $20.34 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Trio Petroleum Corp. (NYSE:TPET) shares jumped 88.2% to $0.4254 after the company completed its first two exploratory wells. Airship AI Holdings, Inc. (NASDAQ:AISP) shares climbed 32.5% to $4.1599. Airship AI announced a six-figure sole-source contract award within the Department of Justice for Acropolis Enterprise Video and Data Management Platform. Blue World Acquisition Corporation (NASDAQ
Shares of Calavo Growers, Inc. (NASDAQ:CVGW) rose sharply in today's pre-market trading after the company reported second-quarter financial results. Total net sales surged 16.5% year-over-year to $184.4 million during the quarter. Adjusted net income surged to $8.9 million, or 50 cents per diluted share, from $5.1 million, or 29 cents per diluted share for the year-ago quarter. Calavo Growers shares jumped 11.6% to $27.90 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers ShiftPixy, Inc. (NASDAQ:PIXY) rose 41.1% to $2.06 in today's pre-market trading. Nauticus Robotics, Inc. (NASDAQ:KITT) shares rose 27.2% to $0.2938 in pre-
U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Tuesday. Shares of Yext, Inc. (NYSE:YEXT) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results, issued weak second-quarter guidance and announced it will acquire Hearsay Systems. Yext reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of 6 cents. Quarterly sales came in at $96 million which missed the analyst consensus estimate of $96.325 million, according to data from Benzinga Pro. Yext shares dipped 15.7% to $4.24 in pre-market trading. Here are some big stocks recording losses
The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include working capital, continued exploration of the Lucky Shot Project and exploration of HighGold's Johnson Tract, part of the HighGold acquisition that the Company anticipates closing by July 2024.
Roth MKM analyst Mike Niehuser maintains Contango Ore (AMEX:CTGO) with a Buy and maintains $38 price target.
Contango Ore (AMEX:CTGO) reported quarterly losses of $(2.14) per share which missed the analyst consensus estimate of $(0.82) by 160.98 percent.
Maxim Group initiated coverage of Contango ORE with a rating of Buy and set a new price target of $36.00
Cantor Fitzgerald initiated coverage of Contango Ore with a rating of Overweight and set a new price target of $37.50
FAIRBANKS, Alaska, Nov. 14, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE: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"). The Company's unrestricted cash position as of September 30, 2024 was $36.2 million ("M") compared to $24.1 M as of Jun
Growing an Emerging North American Gold Producer with an Industry Leading Pipeline of High-Grade Gold Deposits located in Alaska, USA Contango ORE, Inc. ("Contango" or the "Company") (NYSE:CTGO) and HighGold Mining Inc. ("HighGold") (TSXV:HIGH, OTCQX:HGMIF) are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") pursuant to which Contango will acquire all of the issued and outstanding shares of HighGold by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction"). Under the terms of the Agreement, each HighGold share ("HighGold Share") will be exchanged for 0.019 shares of Conta
Contango ORE, Inc. ("Contango," "CORE" or the "Company") (NYSE:CTGO) announced that a major milestone has been achieved at the Company's 30% owned Manh Choh gold project. Kinross Gold Corporation, the owner of KG Mining (Alaska), LLC, which is the 70% owner, operator and manager of the Peak Gold LLC joint venture (JV) and Manh Choh, announced the results of the Feasibility Study (FS) for the Manh Choh project ahead of schedule. They also announced that the Kinross Board made a decision to proceed with development of the project. The FS outlines a plan to batch process the high grade approximately 8g/t Manh Choh ore through Kinross' Fort Knox mill. By utilizing the existing facilities at For
Contango ORE, Inc. ("CORE" or the "Company") (NYSE-A: CTGO) is pleased to provide shareholders and investors a review of accomplishments in 2021 as well as our plans for 2022. Outlined below are the 2021 accomplishments followed by plans for our 30% owned Manh Choh project, our 100% owned Lucky Shot project and our 100% owned early-stage Shamrock, Eagle-Hona and Triple Z properties. Rick Van Nieuwenhuyse, the Company's President and CEO stated: "We are pleased to provide our shareholders and investors in Contango a review of our accomplishments in 2021 and our plans for 2022. 2021 represented another year of COVID, but despite the difficulties of working in a continued pandemic environment
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