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Contango ORE Completes Successful Second Production Campaign

Story Highlights
  • Contango completed its second 2025 production campaign, yielding 15,700 ounces of gold.
  • The company expects over $20 million cash distribution, enhancing its financial position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Contango ORE Completes Successful Second Production Campaign

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Contango ORE ( (CTGO) ) has issued an update.

On June 16, 2025, Contango ORE, Inc. announced the completion of its second production campaign for 2025, with its share amounting to approximately 15,700 ounces of gold. The Peak Gold JV processed 255,000 tons of ore, achieving a gold recovery rate of 93%, and Contango expects a cash distribution exceeding $20 million in late June. The campaign exceeded initial production guidance and is expected to result in lower operating costs compared to the first campaign of the year. Contango projects cash distributions from the Peak Gold JV to exceed $93 million for 2025, which will be used to strengthen its financial position.

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 listed on NYSE American that engages in the exploration of gold and associated minerals in Alaska. It holds a 30% interest in the Peak Gold JV, which is involved in exploration and development on the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., a subsidiary of Kinross Gold Corporation. Contango also has leases on the Johnson Tract and Lucky Shot projects and holds significant mining claims in Alaska.

Average Trading Volume: 130,667

Technical Sentiment Signal: Buy

Current Market Cap: $254.3M

See more insights into CTGO stock on TipRanks’ Stock Analysis page.

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