An announcement from Contango ORE ( (CTGO) ) is now available.
On April 24, 2025, Contango ORE, Inc. announced a $9 million cash distribution from the Peak Gold JV, marking a total of $33 million in distributions from gold sales in 2025. The company completed its first production campaign, yielding approximately 20,000 ounces of gold, and plans to start the second campaign in mid-May. Contango’s operations at Manh Choh are on track, with an expected production of 60,000 ounces of gold for 2025 at an all-in-sustaining cost of $1,625 per ounce. The company has also reduced its credit facility balance and hedge contract obligations, and anticipates releasing its Q1-2025 financial results on May 14, 2025.
Spark’s Take on CTGO Stock
According to Spark, TipRanks’ AI Analyst, CTGO is a Neutral.
Contango ORE’s stock score reflects a challenging financial performance characteristic of its development stage, with high leverage and operational losses. However, strong technical momentum, positive earnings call outcomes, and favorable corporate events suggest potential for future growth and stabilization. Valuation remains a concern due to the lack of profitability.
To see Spark’s full report on CTGO stock, click here.
More about Contango ORE
Contango ORE, Inc. is a NYSE American listed company engaged in the exploration of gold and associated minerals in Alaska. The company holds a 30% interest in the Peak Gold JV, which manages approximately 675,000 acres of land for exploration and development on the Manh Choh project. Additionally, Contango has leases on the Johnson Tract and Lucky Shot projects and owns significant mining claims in Alaska.
YTD Price Performance: 26.30%
Average Trading Volume: 121,514
Technical Sentiment Signal: Buy
Current Market Cap: $167.1M
See more insights into CTGO stock on TipRanks’ Stock Analysis page.