Contango ORE Reports Record Q2-2025 Income

An update from Contango ORE ( (CTGO) ) is now available.

Contango ORE, Inc. reported record high income from operations of $23 million and net income of $15.9 million for Q2-2025, driven by strong gold production at the Manh Choh project. The company sold 17,764 ounces of gold at cash costs of $1,416 per ounce, below the target costs, and received $54 million in cash distributions from the Peak Gold JV. The company’s financial position improved significantly compared to the previous year, with a substantial increase in net cash from operating activities and a reduction in credit facility debt. Additionally, Contango continued its work on the Johnson Tract Project and made strategic financial moves, including reducing hedge contracts and acquiring a mining royalty.

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 for gold and associated minerals in Alaska. The company holds a 30% interest in the Peak Gold JV, which involves exploration and development on the Manh Choh project, with the remaining 70% owned by a subsidiary of Kinross Gold Corporation. Contango also has leases on the Johnson Tract and Lucky Shot projects, and owns significant mining claims in Alaska.

Average Trading Volume: 96,446

Technical Sentiment Signal: Buy

Current Market Cap: $280.3M

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