Welcome to our dedicated page for Contango Ore news (Ticker: CTGO), a resource for investors and traders seeking the latest updates and insights on Contango Ore stock.
Contango Ore Inc (CTGO) news coverage tracks developments across the company's gold production activities and exploration projects in Alaska. As a junior gold company with an active joint venture alongside major producer Kinross Gold, Contango generates news flow spanning production results, cash distributions, and project advancement milestones.
The company's unique business model produces distinctive news patterns. Production campaign results from the Peak Gold JV create periodic announcements detailing gold output and corresponding cash distributions to Contango. These production updates directly impact the company's financial position and provide visibility into operational performance at the Fort Knox processing facility.
Exploration and development news from Contango covers multiple project fronts. The Johnson Tract critical metals project generates updates related to permitting progress, technical studies, and feasibility work. Drilling programs at the Lucky Shot underground project produce results that inform the company's development pipeline. Each project represents potential future value creation and warrants investor attention.
Quarterly and annual financial reports provide insight into Contango's cash position, joint venture economics, and corporate developments. As a company balancing production revenue with development capital needs, these financial updates illuminate management's capital allocation decisions and strategic priorities.
Bookmark this page to follow Contango Ore's corporate announcements, joint venture updates, and project milestones as the company advances its Alaska-focused gold and critical metals portfolio.
Contango ORE (NYSE American: CTGO) and Dolly Varden Silver (TSXV: DV / NYSE American: DVS) agreed to merge on a merger-of-equals to form Contango Silver & Gold Inc., combining the cash-flowing Manh Choh gold mine with high-grade silver and gold projects in Alaska and British Columbia.
Key metrics: >US$100 million combined cash, ~US$15 million debt, 173,400 oz gold produced in first nine months of 2025 (52,020 oz attributable to Contango), Johnson Tract Initial Assessment NPV5% US$615 million and IRR 53% (at US$4,000/oz), and Kitsault Valley indicated 34.7 Moz silver. Transaction targets ~50/50 ownership, Exchange Ratio 0.1652 CTGO share per DV share, and closing expected late Feb–early Mar 2026 subject to court, shareholder and regulatory approvals.
Contango (NYSE American: CTGO) announced that the Johnson Tract Critical Metals Project was accepted as a "covered project" into the Federal Permitting Improvement Steering Council's FAST-41 program on December 1, 2025. The company said the designation will provide enhanced coordination with the US Army Corps of Engineers, cooperating state and federal agencies, and CIRI, and aims to deliver more predictable timelines, improved public transparency, and accountability during permitting.
The release notes FAST-41's structured permitting process, public Permitting Dashboard, and references a August 27, 2025 Memorandum of Understanding between the Permitting Council and the State of Alaska to support federal-state cooperation under FAST-41.
Contango (NYSE American: CTGO) has started an underground and surface drill program at Lucky Shot to complete a Feasibility Study. Drilling began on November 19, 2025 and will run through 2026 in four phases, with assays released in batches starting in Q1 2026 and the Feasibility Study targeted for completion in 2027.
The underground program targets ~18,000 meters across 210 drill holes to in-fill the Lucky Shot vein to Proven and Probable categories. Selected holes will receive hydrological and geotechnical testing; select core will undergo advanced metallurgical, geochemical, and specific gravity testing to support a reserve model. Channel samples from the West Drift reported high-grade intervals, including 26.1 g/t, 379 g/t, and 9.1 g/t gold over 0.5 m.
Contango (NYSE:CTGO) filed its Form 10-Q for the quarter ended Sept 30, 2025, reporting record $25.0M income from operations, $24.9M adjusted net income and an unrestricted cash position of $107.0M at quarter end.
The company sold 16,669 oz of gold in Q3-2025 with cash costs of $1,402/oz and AISC of $1,597/oz—below its 2025 target of $1,625/oz. YTD operating cash flow was $60.2M, boosted by $87.0M in Peak Gold JV cash distributions.
Operational updates: Q4 production guidance (Contango 30% share) is 6,000–8,000 oz, plus ~1,300 oz from a Manh Choh test blend; a 15,000 m Lucky Shot infill drill program is mobilizing with assays expected in Q1 2026.
Contango (NYSE American: CTGO) has announced successful completion of its third production campaign for 2025 at the Peak Gold JV, with Contango's 30% share yielding approximately 17,000 ounces of gold. The company received a $33 million cash distribution, bringing year-to-date distributions to $87 million.
Campaign #3-2025 processed 287,000 tons of ore with a 92.5% gold recovery rate. The company has reduced its hedge contract balance to 49,300 ounces and decreased its credit facility debt by 37% to $14.6 million. Contango expects total 2025 cash distributions from Peak Gold JV to exceed $100 million, assuming a $3,500 per ounce gold price.
The company aims to triple production from 60,000 to 200,000 gold equivalent ounces over five years through development of Lucky Shot and Johnson Tract projects.
Contango ORE (NYSE American: CTGO) has announced a webinar to discuss its recently completed $50 million financing and plans for its Lucky Shot and Johnson Tract properties. The company aims to increase gold production from 60,000 ounces to 200,000 ounces annually using its direct ship ore (DSO) model.
CEO Rick Van Nieuwenhuyse highlighted that with only 15.5 million shares outstanding and a strong balance sheet, Contango is positioned for growth while maintaining operations at Manh Choh and reducing hedge book and debt obligations. The company plans to report results from its third 2025 campaign soon.
Contango ORE (NYSE American: CTGO) has successfully closed a $50 million underwritten public offering of common stock and pre-funded warrants. The offering consisted of 1,975,000 common shares priced at $20.00 per share and pre-funded warrants to purchase 525,000 shares at $19.99 per share.
The proceeds will fund two key projects: the fully permitted Lucky Shot project's advancement toward a mine production decision, and the Johnson Tract project's development, including road construction, camp winterization, and exploration tunnel construction. Canaccord Genuity served as Sole Bookrunner, with Cormark Securities as Lead Manager.
Contango ORE (NYSE American: CTGO) has announced a $50 million underwritten public offering of common stock and pre-funded warrants. The offering consists of 1,975,000 common shares priced at $20.00 per share and pre-funded warrants to purchase 525,000 shares at $19.99 per share.
The proceeds will fund the advancement of two key projects: the fully permitted Lucky Shot project towards a mine production decision, and the Johnson Tract project's infrastructure development including road construction, camp winterization, and exploration tunnel construction. The offering is expected to close around September 26, 2025, with Canaccord Genuity acting as Sole Bookrunner.
Contango ORE (NYSE American: CTGO) has announced its inclusion in the Global Junior Gold Miners Index (GDXJ), effective at market close on September 19, 2025. This milestone is expected to increase the company's market visibility as it pursues its strategic goal of becoming a 200,000 gold equivalent ounce producer within the next 5 years.
The inclusion comes as part of GDXJ's quarterly review and rebalancing for the third quarter of 2025, marking a significant achievement in Contango's growth trajectory.
Contango (NYSE American: CTGO) reported exceptional Q2 2025 financial results, with record-high income from operations of $23.0 million and net income of $15.9 million ($1.26 per share). The company sold 17,764 ounces of gold during the quarter at favorable cash costs of $1,416 per ounce and AISC of $1,548 per ounce, below the 2025 target of $1,625.
Operating cash flow improved significantly to $36.9 million for YTD-2025, supported by $54.0 million in cash distributions from Peak Gold JV. The company's financial position strengthened with unrestricted cash of $36.5 million as of June 30, 2025, while reducing debt by repaying $8.2 million during Q2, lowering the outstanding balance to $30.1 million.
The third campaign of 2025 is set to begin August 14, with Contango's expected share of production at 15,000 ounces of gold, processing 250,000 tons at approximately 0.23 ounces per ton.
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