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.
News for Contango ORE, Inc. (NYSE American: CTGO) centers on its gold and associated minerals exploration and development activities in Alaska and its corporate transactions. Company press releases and SEC-related announcements highlight production results, cash distributions from the Peak Gold JV at the Manh Choh project, financing events, project milestones, and a planned merger with Dolly Varden Silver Corporation.
Investors following CTGO news can expect regular updates on Manh Choh production campaigns, including ounces of gold produced and sold on a 30% basis to Contango, cash costs and all-in sustaining costs, and the size and timing of cash distributions from the Peak Gold JV. These updates often discuss how operating cash flow is used to reduce debt, manage hedge contracts, and strengthen the company’s balance sheet.
Another recurring news theme is the advancement of the Lucky Shot and Johnson Tract projects. Releases describe underground and surface drilling programs at Lucky Shot to support a feasibility-level mine and transportation plan using a Direct Shipping Ore model. At Johnson Tract, news has covered baseline environmental and engineering work, permitting for an underground exploration drift, and acceptance of the project as a covered project under the FAST-41 federal permitting program.
Contango’s news flow also includes capital markets and corporate developments, such as an underwritten public offering of common stock and pre-funded warrants, inclusion in the Global Junior Gold Miners Index (GDXJ), and the Arrangement Agreement with Dolly Varden Silver Corporation to form a combined company expected to be named Contango Silver & Gold Inc. These items provide context on how the company finances project development and positions itself in the broader precious metals sector.
By monitoring this CTGO news page, readers can track operational performance at Manh Choh, progress at development-stage projects, key permitting milestones, financing activities, and the status of the planned Dolly Varden transaction, all drawn from company-issued disclosures and regulatory filings.
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.
Contango ORE (NYSE American: CTGO) reported strong Q2 2025 production results, with 17,764 gold ounces sold at cash costs of $1,416 per ounce and AISC of $1,548 per ounce, below the 2025 target of $1,625. The company's Peak Gold JV processed 255,000 tons of ore with a 93% gold recovery rate.
Key financial highlights include $58.1 million in total gold sales and $30 million in cash distributions received from Peak Gold JV in Q2. The company reduced its hedge balance to 62,900 ounces through Carry Trade transactions and maintains its 2025 guidance of 60,000 ounces (30% basis). The company's unrestricted cash position stood at $36.5 million as of June 30, 2025, with debt reduction progress reducing the facility balance to $23.1 million.
Contango (NYSE American: CTGO) has received a $21 million cash distribution from the Peak Gold JV for Campaign #2-2025, bringing year-to-date distributions to $54 million. The company has produced approximately 36,000 ounces of gold year-to-date, maintaining its 2025 guidance of 60,000 ounces for its 30% share.
The company plans to early pay $7 million of principal against its credit facility, reducing the balance to $23 million. Contango has delivered 11,900 ounces of gold into hedge contracts, with remaining hedges expected to be 43,000 ounces by end of 2025. Total cash distributions for 2025 are projected to exceed $95 million, assuming a $3,100 per ounce gold price.