Contango ORE
CTGO
Market cap $232M

18.96 USD

+0.68

3.72%

At close Oct 10, 4:00 PM EDT

1 day

3.72%

5 days

1.01%

1 month

-10.78%

3 months

-4.91%

6 months

-2.52%

Year to date

5.98%

1 year

0.32%

5 years

-28.86%

About: Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.

Employees: 11

Materials Gold & Silver Mining

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

400% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 2

150% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 8

22% more funds holding

Funds holding: 37 [Q1] → 45 (+8) [Q2]

6% more capital invested

Capital invested by funds: $35.4M [Q1] → $37.5M (+$2.1M) [Q2]

1.46% more ownership

Funds ownership: 18.55% [Q1] → 20.01% (+1.46%) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$33

74%

upside

Avg. target

$33

74%

upside

High target

$33

74%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM

Mike Niehuser

50% 1-year accuracy

7 / 14 met price target

74%upside

$33

Buy

Maintained

9 Aug 2024

See Analyst Rankings

Financial journalist opinion

Contango Announces $19.5 Million Cash Distribution Received from the Peak Gold JV

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.

Contango Announces $19.5 Million Cash Distribution Received from the Peak Gold JV

Contango Announces Start of Second Campaign of Gold Production from Manh Choh Gold Mine and General Corporate Update

FAIRBANKS, Alaska , Sept. 9, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: 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.

Contango Announces Start of Second Campaign of Gold Production from Manh Choh Gold Mine and General Corporate Update

Contango Announces Results of the First Batch of Gold Production from Manh Choh Gold Mine, Alaska

FAIRBANKS, Alaska--(BUSINESS WIRE)--Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: 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.

Contango Announces Results of the First Batch of Gold Production from Manh Choh Gold Mine, Alaska

Contango Announces Earnings for Quarter Ended June 30, 2024

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.

Contango Announces Earnings for Quarter Ended June 30, 2024

Contango Announces Commencement of Surface Drilling at the Newly Acquired Johnson Tract Deposit

FAIRBANKS, Alaska--(BUSINESS WIRE)--Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: 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 ove.

Contango Announces Commencement of Surface Drilling at the Newly Acquired Johnson Tract Deposit

Contango Completes Acquisition of HighGold

FAIRBANKS, Alaska--(BUSINESS WIRE)--Contango ORE, Inc. (NYSE American: CTGO) (“Contango” or the “Company”) and HighGold Mining Inc. (TSX-V: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.

Contango Completes Acquisition of HighGold

Contango Completes Acquisition of HighGold

Fairbanks, Alaska--(Newsfile Corp. - July 10, 2024) - Contango ORE, Inc. (NYSE American: 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.

Contango Completes Acquisition of HighGold

Manh Choh Mine Pours First Gold

FAIRBANKS, Alaska--(BUSINESS WIRE)--Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that today the first gold from the Manh Choh mine, a joint venture between Kinross and the Company, was poured at the Kinross Fort Knox mill facility. Rick Van Nieuwenhuyse, CEO and President for Contango commented: “Today was a monumental day for Contango shareholders. From the first discovery hole to pouring the first bar of gold emblazed with the special Manh Choh.

Manh Choh Mine Pours First Gold

Contango Announces HighGold Shareholder Approval of Arrangement

FAIRBANKS, Alaska--(BUSINESS WIRE)--Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that HighGold Mining Inc. (“HighGold”) shareholders (the “HighGold Shareholders”) and optionholders of HighGold (collectively, the “HighGold Securityholders”) have overwhelmingly approved the previously announced arrangement (the “Arrangement”) involving HighGold and the Company at HighGold's special meeting (the “Meeting”) held on June 27, 2024. At the Meeting, the.

Contango Announces HighGold Shareholder Approval of Arrangement

Contango Announces First Gold Pour at Manh Choh on July 8, 2024

FAIRBANKS, Alaska--(BUSINESS WIRE)--Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that the first gold pour for the Manh Choh mine will take place at the Fort Knox mill facility on July 8, 2024. Rick Van Nieuwenhuyse, CEO and President for Contango commented: “This is indeed a grand milestone event for the Company and its shareholders. Since its discovery, the Manh Choh project has stood out as a very high-quality deposit with exceptional grade for.

Contango Announces First Gold Pour at Manh Choh on July 8, 2024

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