Contango ORE Completes Johnson Tract Technical Report

Contango ORE ( (CTGO) ) just unveiled an update.

On May 6, 2025, Contango ORE, Inc. announced the completion of its Technical Report Summary for the Johnson Tract Project, which outlines a seven-year underground mining operation with robust economic potential. The project is expected to generate a post-tax NPV of $225 million and an IRR of 30% with a one-year payback period, assuming a gold price of $2,200 per ounce. The company plans to further explore and potentially extend the mine’s life through additional drilling and ore sorting technologies, while also focusing on permitting and environmental studies to advance the project.

The most recent analyst rating on (CTGO) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Contango ORE stock, see the CTGO Stock Forecast page.

Spark’s Take on CTGO Stock

According to Spark, TipRanks’ AI Analyst, CTGO is a Neutral.

Contango ORE’s overall stock score reflects a company in transition. While technical indicators suggest positive momentum, financial performance remains weak due to high leverage and lack of profitability. Earnings call highlights show potential for improvement, but valuation concerns persist, balancing the outlook.

To see Spark’s full report on CTGO stock, click here.

More about Contango ORE

Contango ORE, Inc. is a company involved in the mining industry, focusing on the exploration and development of mineral properties. Its primary market focus is on mining operations in Alaska, U.S.A, with a significant interest in the Johnson Tract Project.

Average Trading Volume: 124,648

Technical Sentiment Signal: Sell

Current Market Cap: $172.9M

For an in-depth examination of CTGO stock, go to TipRanks’ Stock Analysis page.