Contango ORE Inc CTGO

Metals & Mining Gold

Contango ORE, Inc. is engaged in 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, with the remaining 70% owned by KG Mining (Alaska), Inc., an indirect subsidiary of Kinross Gold Corporation, operator of the Peak Gold JV. It also has a lease on the Johnson Tract project from the underlying owner, CIRI Native Corporation, a lease on Lucky Shot project from the underlying owner, Alaska Hardrock Inc. and through its subsidiary has 100% ownership of approximately 8,600 acres of peripheral State of Alaska mining claims. It also owns a 100% interest in an additional approximately 145,000 acres of State of Alaska mining claims through its wholly owned subsidiary, which gives the Company exclusive right to explore and develop minerals on these lands. The Company also owns Golden Zone and Amanita NE gold properties.

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Contango ORE Inc > Contango Ore, Inc. just hit a milestone! The first batch...

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Post by sdhakaon Aug 20, 2024 3:02pm

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Post# 36188476

Contango Ore, Inc. just hit a milestone! The first batch...

Hey guys!! Contango Ore, Inc. just hit a milestone! The first batch of gold from the Manh Choh mine (Alaska) is in, with 55 Koz of gold and 11 Koz of silver produced.

CTGO’s share? A cool $32M.

Expect to see this in their Q3 financials. Keep an eye on their future revenue growth. Full commentary available: https://www.researchfrc.com/content/analyst-ideas/post/128/market-uptick-inflation-cooling-gold-soaring-bitcoin-recovering

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