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.
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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, Inc. (CTGO) held its annual stockholders' meeting on November 11, 2021, where directors including Brad Juneau and Rick Van Nieuwenhuyse were elected for another year. Key proposals approved include the appointment of Moss Adams LLP as independent auditors and the advisory vote on executive compensation. The company reported a net loss of $4.6 million for Q3 2021, a significant drop from a net income of $33.4 million the previous year. CORE plans significant projects at its Manh Choh and Lucky Shot properties, with an expected up-listing on the NYSE American by year-end.
Contango ORE, Inc. (OTCQB: CTGO) has filed a shelf registration statement on Form S-3 with the SEC, enabling the potential to raise up to $100 million through the sale of various securities, including common and preferred stock. This move aims to enhance the company's financial flexibility and access to capital, as stated by President and CEO Rick Van Nieuwenhuyse. The registration will be effective for three years once approved. Additionally, the statement allows for the resale of 415,000 shares by a stockholder, with no proceeds going to the company.
Contango ORE, Inc. (OTCQB: CTGO) will hold a virtual annual meeting for stockholders on November 11, 2021, at 11:00 a.m. CT. Stockholders of record as of September 27, 2021 can vote on key proposals, including the election of the Board of Directors, appointment of independent auditors, and approval of executive compensation. The proxy statement, detailing the meeting agenda, was filed with the Securities and Exchange Commission on October 4, 2021 and will be mailed to stockholders around October 8, 2021.
Contango ORE, Inc. (OTC-PINK: CTGO) has filed its Form 10-K for the year ending June 30, 2021. The company reported a net income of
Contango ORE, Inc. (OTCQB: CTGO) has successfully acquired 100% of Alaska Gold Torrent, LLC from CRH Funding II PTE. LTD for up to $30 million. This includes an initial payment of $5 million and a promissory note of $6.25 million. The acquisition centers around the Lucky Shot Project in Alaska, historically significant for its gold production. The company is focused on further exploration, aiming for a 3-phase drilling program to unlock additional gold resources in the Willow Mining District, known for high-grade veins.
Contango ORE, Inc. (OTCQB: CTGO) has finalized a private placement sale of 523,809 shares at US$21 each, raising approximately US$10.9 million. This financing is primarily aimed at supporting exploration and development initiatives for Peak Gold, LLC, a joint venture with Kinross Gold. The Alaska Future Fund, managed by Barings, and CTGO's CEO Rick Van Nieuwenhuyse are key investors. The company's ongoing projects, including the Manh Choh project and summer field programs, are reported to be on track for 2021, bolstering investor confidence in the company's growth and strategic direction.
Contango ORE (OTCQB: CTGO) announced key updates regarding its operations. The Peak Gold Project is now renamed the Manh Choh Project, honoring the local Tetlin community. The company is advancing an $18 million budget for 2021, which includes extensive drilling efforts to enhance resource estimates and support environmental studies. Additionally, a Resource Report for the Manh Choh Project has been received, detailing valuable mineral resources, including 9,201,000 tons of measured and indicated resources with significant gold and silver grades. Permitting and a feasibility study are projected to proceed in 2021 and 2022.
Contango ORE, Inc. (OTCQB: CTGO) reported a net loss of $(3.2) million, or $(0.53) per share, for Q2 2020, compared to a loss of $(2.9) million or $(0.45) per share in the same quarter last year. However, for the six months ending December 31, 2020, the company recorded a net income of $30.2 million ($4.79 per share) due to a gain from the sale of equity in Peak Gold, LLC. As of year-end, Contango ORE had $31.9 million in cash and plans for an $18 million program at Peak Gold in 2021.
Contango ORE, Inc. (OTCQB: CTGO) announced its 2021 exploration plans alongside the launch of a new company website. The approved budget for the Peak Gold project, its joint venture with Kinross Gold, is $18 million, with CTGO's share being $5.4 million. This budget focuses on in-fill drilling and engineering studies essential for a feasibility study. Additionally, the company will explore its 100%-owned Triple Z target and conduct further studies at the Eagle and Hona projects, which have shown promising gold anomalies. Shareholders can find detailed updates on the new website.
Contango ORE, Inc. (OTC PINK:CTGO) will present at the virtual Fall Investor Summit on November 16-18, 2020. The company, which is developing a gold mine in partnership with Kinross and the Tetlin Alaska Native Tribe, has completed a transaction that positions it as a well-capitalized gold developer. With $35 million cash and less than 6 million shares issued, it targets an average production of 65,000 GEO/year at an AISC of $750/GEO. The Peak Gold project aims for a production of 1 million ounces over a 4.5-year mine life starting in 2024.
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