Contango ORE ( (CTGO) ) has shared an update.
On March 17, 2025, Contango ORE, Inc. announced its financial results for the fiscal year ended December 31, 2024, reporting a net loss of $38.0 million despite achieving gold production that exceeded guidance at the Manh Choh mine. The company’s financial position improved with a cash position of $20.1 million, and significant progress was made in debt reduction and hedge contract settlements. The company is focused on furthering its Johnson Tract project with ongoing drilling and permitting efforts, while maintaining strong cash flow through linked gold production to spot prices.
More about Contango ORE
Contango ORE, Inc. is a NYSE American listed company engaged in the exploration for gold and associated minerals in Alaska. The company holds a 30% interest in the Peak Gold JV, which leases approximately 675,000 acres of land for exploration and development on the Manh Choh project.
YTD Price Performance: -10.56%
Average Trading Volume: 100,967
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $116M
For an in-depth examination of CTGO stock, go to TipRanks’ Stock Analysis page.