Peak gold

Contango Announces Transition Period Results

Retrieved on: 
Thursday, March 14, 2024
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Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) announced today it filed its Form 10-KT for the transition period ended December 31, 2023, with the Securities and Exchange Commission.

Key Points: 
  • Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) announced today it filed its Form 10-KT for the transition period ended December 31, 2023, with the Securities and Exchange Commission.
  • This decision was made to better align the Company’s reporting period with the Company’s 30% equity investment in Peak Gold LLC (the “Peak Gold JV”) and Contango’s peer companies.
  • As a result, this Form 10-KT is a transition report and includes financial information for the transition period from July 1, 2023, through December 31, 2023.
  • In this transition report on Form 10-KT, we include financial results for the six months ended December 31, 2023, which are audited, compared to the financial results for the six months ended December 31, 2022, which are unaudited.

Contango ORE, Inc. Announces Results of the 2023 Virtual Annual Meeting of Stockholders and Results for the Quarter Ended September 30, 2023

Retrieved on: 
Tuesday, November 14, 2023
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The Company also announced that it filed its Form 10-Q for the quarter ended September 30, 2023 with the Securities and Exchange Commission on November 14, 2023.

Key Points: 
  • The Company also announced that it filed its Form 10-Q for the quarter ended September 30, 2023 with the Securities and Exchange Commission on November 14, 2023.
  • The Company reported a net loss of $13.1 million or ($1.47) per basic and diluted share for the three months ended September 30, 2023, compared to a net loss of $7.1 million or ($1.05) per basic and diluted share for the same period last year.
  • Rick Van Nieuwenhuyse, the Company’s President and CEO commented, “The Peak Gold JV remains on schedule and on budget to reach production at the Manh Choh project in the second half of 2024.
  • I am extremely pleased with the progress to date and will continue to provide updates on milestones as we approach commencement of production.”

Contango ORE Announces Year End Results

Retrieved on: 
Wednesday, September 13, 2023
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Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) announced today it filed its Form 10-K for the year ended June 30, 2023 with the Securities and Exchange Commission.

Key Points: 
  • Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) announced today it filed its Form 10-K for the year ended June 30, 2023 with the Securities and Exchange Commission.
  • The Company reported a net loss of $39.7 million or a loss of $5.61 per basic and diluted share for the year ended June 30, 2023 compared to a net loss of $23.5 million or a loss of $3.49 per basic and diluted share for the prior year.
  • The primary reason for the increase in net loss in 2023 is due to an increase in pre-production costs for development and construction at the Company’s 30% interest in the Manh Choh mine, which is being operated by Kinross Gold Corporation (‘Kinross”).
  • The Manh Choh mine celebrated the commencement of mining operations with a ground-breaking ceremony on August 29, 2023.

Contango ORE Announces Closing of $30.4 Million Underwritten Public Offering of Common Stock

Retrieved on: 
Wednesday, July 26, 2023
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Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced the closing of its previously announced underwritten public offering (the “Offering”) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share.

Key Points: 
  • Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced the closing of its previously announced underwritten public offering (the “Offering”) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share.
  • Gross proceeds from the Offering were $30.4 million before deducting underwriting discounts, commissions, and Offering expenses.
  • In addition, Contango has granted the underwriters a 30-day option to purchase up to an additional 240,000 shares of common stock.
  • The final terms of the Offering are disclosed in a final prospectus supplement which has been filed with the SEC.

Contango ORE Announces Pricing of $30.4 Million Underwritten Public Offering of Common Stock

Retrieved on: 
Monday, July 24, 2023
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Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share.

Key Points: 
  • Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share.
  • Gross proceeds from the Offering are expected to be $30.4 million before deducting underwriting discounts, commissions, and estimated Offering expenses.
  • In addition, Contango has granted the underwriters a 30-day option to purchase up to an additional 240,000 shares of common stock.
  • The final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the SEC.

Contango ORE Announces Underwritten Public Offering of Common Stock

Retrieved on: 
Friday, July 21, 2023
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Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced it has commenced an underwritten public offering (the “Offering”) of shares of its common stock.

Key Points: 
  • Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced it has commenced an underwritten public offering (the “Offering”) of shares of its common stock.
  • All of the shares of common stock in the Offering are to be sold by Contango.
  • In addition, Contango intends to grant the underwriters in the Offering, a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the Offering.
  • The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

Contango ORE Announces Completion of S-K 1300 Technical Report Summary for Its Manh Choh Project in Alaska

Retrieved on: 
Friday, May 26, 2023
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Contango ORE, Inc. (“CORE,” “Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that it has completed the Technical Report Summary (“TRS”) on the Manh Choh Project (the “Project” or “Manh Choh”), located near Tok, Alaska, U.S.A.

Key Points: 
  • Contango ORE, Inc. (“CORE,” “Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that it has completed the Technical Report Summary (“TRS”) on the Manh Choh Project (the “Project” or “Manh Choh”), located near Tok, Alaska, U.S.A.
    Rick Van Nieuwenhuyse, the Company’s President and Chief Executive Officer said: “With the completion of the tolling agreement with the Fort Knox Mine, we were able to complete the TRS.
  • Contango also owns a 100% interest in approximately 167,000 acres of State of Alaska mining claims through Contango Mineral Alaska, LLC, its wholly owned subsidiary, which gives Contango the exclusive right to explore and develop minerals on these lands.
  • A copy of the S-K 1300 Feasibility Study for the Manh Choh project can be found on our website: https://www.contangoore.com/investors/overview .
  • The TRS was prepared in accordance with S-K 1300 and was filed on May 26, 2023 with the SEC through EDGAR on Form 8-K.

Contango ORE Closes Its Secured Credit Facility With ING and Macquarie to Fund the Construction of the Manh Choh Gold Project

Retrieved on: 
Thursday, May 18, 2023
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PGJV has received the federal permits needed for road construction and early work construction, which has been underway since August 2022 and continued throughout the winter months.

Key Points: 
  • PGJV has received the federal permits needed for road construction and early work construction, which has been underway since August 2022 and continued throughout the winter months.
  • First gold production from the project is expected in the second half of 2024.
  • Building upon the relationship with these two institutions will be a key part of growing the Company going forward.
  • As a condition precedent to the second borrowing, the Company is required to hedge approximately 125koz of its attributable gold production from Manh Choh.

Contango ORE Announces Earnings For the Quarter Ended March 31, 2023

Retrieved on: 
Wednesday, May 17, 2023
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Contango ORE, Inc. (“Contango,” "CORE" or the “Company”) (NYSE American: CTGO) announced that it had a net loss of $(7.9) million, or $(1.09) per basic and diluted share, for the three months ended March 31, 2023 compared to a net loss of $(6.8) million or $(1.01) per basic and diluted share for the same period last year.

Key Points: 
  • Contango ORE, Inc. (“Contango,” "CORE" or the “Company”) (NYSE American: CTGO) announced that it had a net loss of $(7.9) million, or $(1.09) per basic and diluted share, for the three months ended March 31, 2023 compared to a net loss of $(6.8) million or $(1.01) per basic and diluted share for the same period last year.
  • For the nine months ended March 31, 2023, the Company reported a net loss of $(29.3) million, or $(4.23) per basic and diluted share, compared to a net loss of $(16.3) million or $(2.42) per basic and diluted share for the same period last year.
  • The Company also announced that it raised $6.9 million in cash, as a result of some of its warrant holders early exercising their warrants.
  • The Company also announced that it filed its Form 10-Q for the quarter ended March 31, 2023, with the Securities and Exchange Commission.

Contango ORE Announces Earnings For Quarter Ended December 31, 2022

Retrieved on: 
Monday, February 6, 2023
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The Company expects to experience additional losses until the Manh Choh project begins commercial production, which we anticipate will be in the second half of 2024.

Key Points: 
  • The Company expects to experience additional losses until the Manh Choh project begins commercial production, which we anticipate will be in the second half of 2024.
  • The Company also announced that it filed its Form 10-Q for the quarter ended December 31, 2022, with the Securities and Exchange Commission.
  • Rick Van Nieuwenhuyse, the Company’s President and Chief Executive Officer, commented, “The Company ends 2022 with a very productive period of initial construction activities at its 30% owned Manh Choh project.
  • We look forward to continuing to update shareholders and investors on our progress in developing Alaska’s next gold mines.”