Contango ORE Exceeds Q2 Gold Production Expectations

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

On July 30, 2025, Contango ORE, Inc. announced its production results for the quarter ending June 30, 2025. The company reported that production exceeded expectations with 17,764 ounces of gold sold at a cash cost of $1,416 per ounce and an all-in-sustaining cost of $1,548 per ounce, both below the target of $1,625 per ounce. The company also reduced its hedge balance to 62,900 ounces and expects total cash distributions from the Peak Gold JV to exceed $95 million for 2025. Mining operations at the Manh Choh project are progressing as planned, with the company maintaining its 2025 production guidance of 60,000 ounces of gold.

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 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 is focused on the exploration and development of the Manh Choh project, with the remaining 70% owned by a subsidiary of Kinross Gold Corporation. Contango also has interests in the Johnson Tract and Lucky Shot projects, as well as significant mining claims in Alaska.

Average Trading Volume: 94,977

Technical Sentiment Signal: Buy

Current Market Cap: $241.3M

For a thorough assessment of CTGO stock, go to TipRanks’ Stock Analysis page.