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) provides investors and industry observers with comprehensive updates on its Alaska-focused gold exploration and strategic partnerships. This page aggregates official announcements, operational milestones, and corporate developments related to the company's mineral projects and joint ventures.
Access timely updates on CTGO's exploration progress at the Tetlin Property, Peak Gold JV operations with Kinross Gold, and resource development initiatives. The curated collection includes earnings reports, technical updates, and partnership announcements – essential resources for tracking the company's execution of its Alaska-focused gold strategy.
Key content undergoes verification to ensure accuracy and relevance for stakeholders. Regular updates cover production advancements, environmental stewardship initiatives, and corporate financial updates while maintaining compliance with disclosure regulations.
Bookmark this page or check regularly for authoritative updates on CTGO's progress in developing cost-efficient gold production through established infrastructure and strategic alliances in North America's premier mining jurisdictions.
Contango ORE (NYSE American: CTGO) has announced an underwritten public offering of its common stock and accompanying warrants. Shares and warrants will be sold separately but must be purchased together. The offering's timing and size remain uncertain. Proceeds will fund general corporate activities, including the exploration of the Lucky Shot Project and HighGold's Johnson Tract, anticipated to close by July 2024. Canaccord Genuity and Cormark Securities will act as joint book-runners. The offering is under an effective shelf registration filed with the SEC.
Contango (NYSE American: CTGO) announced a net loss of $20.5 million for Q1 2024, translating to a loss of $2.14 per share. This loss includes a $15.6 million non-cash expense from mark-to-market derivative contracts on forward gold prices.
The company experienced increased interest costs from its secured credit facility, partially balanced by reduced losses from its equity in the Peak Gold JV. Contango's 30% owned Manh Choh project remains on track for production in early Q3 2024, with ongoing mining and transportation activities.
Updates include a $15.5 million investment in the Peak Gold JV and an upcoming acquisition of HighGold Mining Inc. valued at $37 million, expected to close in July 2024.
Contango ORE, Inc. provided an update on its Manh Choh project, operated by Kinross Gold , with first gold production expected in early Q3 2024. Mining operations and transportation of ore are progressing well, validating Contango's business model of identifying projects with access to infrastructure, sufficient grade, and simple permitting processes.
Contango ORE, Inc. (NYSE American: CTGO) is acquiring HighGold Mining Inc. in a deal valued at approximately US$37 million, with HighGold shareholders owning 15% of the combined company. The transaction aims to create a leading Alaskan gold company with growth potential and a strong portfolio. The deal benefits Contango shareholders with the addition of the high-grade Johnson Tract Project to their portfolio, while HighGold shareholders receive an upfront premium and participation in a growth-focused gold mining company.
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