NYSEAM:CTGO - Post Discussion
Post by
sdhaka on Jul 17, 2024 7:44pm
Exciting News for Contango ORE
Exciting News for Contango ORE (NASDAQ: CTGO)! Contango Ore and Kinross Gold Corporation have commenced production at the Manh Choh mine in Alaska! With an expected annual production of 225 Koz, including 67.5 Koz for CTGO, this medium-sized, ultra high-grade open-pit hashtag#gold mine is set to operate for 4.5 years. Strategic Acquisition Alert: CTGO's acquisition of HighGold Mining Inc., valued at $37M, adds the ultra high-grade Johnson Tract project to its portfolio. This project boasts 1.1 Moz AuEq at 9.4 gpt, significantly enhancing CTGO’s production potential. HighGold’s Impact: The acquisition is highly accretive, with CTGO paying just $30/oz compared to $75+/oz for similar projects. This positions CTGO favourably for quick, cost-effective production. Analyst Valuation: We maintain a bullish outlook on Contango Ore, driven by its strategic acquisitions and high-grade projects. Our report covers CTGO’s strategic initiatives, project developments, and market outlook. We believe CTGO is set for significant growth, supported by strong fundamentals and favorable market conditions. Read the full report here: https://www.researchfrc.com/content/reports/post/81/accretive-acquisition-bolsters-portfolioraising-our-fair-value-estimate Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. hashtag
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