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Contango ORE
(NYSE MKT:CTGO)
Contango ORE (CTGO) vs. SPDR S&P 500 ETF (SPY)
Contango ORE Business Overview & Revenue Model
Contango ORE Earnings Call Summary
Contango ORE Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -574.18K | -118.00K | -137.00K | -55.74K | 0.00 | 0.00 | EBIT |
| 20.61M | -17.65M | -9.62M | -19.48M | -10.66M | -5.59M | EBITDA |
| -27.36M | -76.70M | -37.96M | -23.14M | 35.83M | -5.59M | Net Income Common Stockholders |
| -40.08M | -81.53M | -39.74M | -23.51M | 23.87M | -9.24M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 34.98M | 15.50M | 11.65M | 23.10M | 35.22M | 3.01M | Total Assets |
| 110.31M | 58.59M | 25.66M | 37.29M | 35.97M | 3.08M | Total Debt |
| 24.70M | 44.68M | 25.46M | 19.24M | 0.00 | 0.00 | Net Debt |
| -10.28M | 29.18M | 13.81M | -3.86M | -35.22M | -3.01M | Total Liabilities |
| 167.87M | 73.14M | 30.44M | 24.02M | 1.42M | 1.09M | Stockholders Equity |
| -20.50M | -14.54M | -4.77M | 13.27M | 34.55M | 1.99M |
| Cash Flow | Free Cash Flow | ||||
| 33.68M | ― | -14.68M | -13.99M | -8.41M | -1.39M | Operating Cash Flow |
| 33.67M | -9.43M | -14.68M | -13.95M | -8.38M | -1.39M | Investing Cash Flow |
| -16.67M | -34.39M | -21.12M | -15.39M | 27.35M | -3.72M | Financing Cash Flow |
| 10.36M | 47.68M | 24.35M | 17.44M | 13.23M | -476.67K |
Contango ORE Technical Analysis
Contango ORE Risk Analysis
Contango ORE Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $194.82M | 23.31 | 26.95% | ― | 67.42% | 137.01% | |
52 Neutral | $87.74M | ― | -103.61% | ― | -34.57% | -238.18% | |
51 Neutral | $2.04B | -1.23 | -21.09% | 3.96% | 2.90% | -30.45% | |
50 Neutral | $257.35M | ― | -9999.00% | ― | ― | 18.69% | |
45 Neutral | $42.15M | ― | -23.96% | ― | ― | 0.16% | |
31 Underperform | $84.94M | ― | ― | ― | 1.67% |
Contango ORE Corporate Events
On April 30, 2025, Contango ORE, Inc. announced its participation in the ‘Alaska On The Hill’ event in Washington DC, advocating for the Alaskan economy and discussing its mining projects. The company is on track to produce 60,000 ounces of gold from the Manh Choh mine in 2025 and plans to release its Johnson Tract PEA and Q1-2025 financials soon, highlighting a promising period for mining in Alaska.
Spark’s Take on CTGO Stock
According to Spark, TipRanks’ AI Analyst, CTGO is a Neutral.
Contango ORE’s stock score reflects the company’s challenging financial performance, characterized by high leverage and ongoing losses typical of its development stage in the mining industry. However, strong technical momentum and positive outcomes from recent earnings calls and corporate events suggest potential for future growth and stabilization. Valuation concerns persist due to the lack of profitability.
To see Spark’s full report on CTGO stock, click here.
On April 24, 2025, Contango ORE, Inc. announced a $9 million cash distribution from the Peak Gold JV, marking a total of $33 million in distributions from gold sales in 2025. The company completed its first production campaign, yielding approximately 20,000 ounces of gold, and plans to start the second campaign in mid-May. Contango’s operations at Manh Choh are on track, with an expected production of 60,000 ounces of gold for 2025 at an all-in-sustaining cost of $1,625 per ounce. The company has also reduced its credit facility balance and hedge contract obligations, and anticipates releasing its Q1-2025 financial results on May 14, 2025.
Spark’s Take on CTGO Stock
According to Spark, TipRanks’ AI Analyst, CTGO is a Neutral.
Contango ORE’s stock score reflects a challenging financial performance characteristic of its development stage, with high leverage and operational losses. However, strong technical momentum, positive earnings call outcomes, and favorable corporate events suggest potential for future growth and stabilization. Valuation remains a concern due to the lack of profitability.
To see Spark’s full report on CTGO stock, click here.
On March 31, 2025, Contango ORE, Inc. announced that it received $24 million in cash distributions from the Peak Gold JV in the first quarter of 2025. This includes $9 million from 2024 production profits and $15 million from the first half of Campaign #1 for 2025. The company reported that the Peak Gold JV processed 323,000 tons of ore, recovering approximately 65,000 ounces of gold, with Contango’s share being 19,500 ounces, surpassing initial guidance. The company expects further cash distributions and continues to advance its projects and improve operations.
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.
On February 28, 2025, Contango ORE released a corporate presentation detailing its financial measures and operations, including its joint venture with Kinross Gold Corporation. The presentation highlighted the company’s progress in its Manh Choh project, which began commercial production in July 2024, exceeding production guidance by 30% and generating strong cash flows. The company also outlined its future production targets and financial expectations, positioning itself well within the industry.
On February 18, 2025, Contango ORE, Inc. announced amendments to its credit facility to defer $10.6 million in principal repayments and extend the maturity date to mid-2027. This adjustment is expected to align better with their extended ore haul plan, allowing for more flexibility in debt repayment and exposure to potential gold price increases. Contango also commenced its first gold production campaign of the year on February 7, 2025, with anticipated production of 15,000 to 18,000 ounces of gold. These developments are poised to strengthen the company’s financial standing and operational efficiency, potentially increasing cash flows significantly if gold prices remain high.