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Contango Ore Inc

CTGO

$16.26

+ $1.24 (8.26%) This month

Closed: 22 Feb 2024 21:00 US/Eastern

Key details

CEO

-

Employees

1

Headquarters

null, null

Sector

Mining, Quarrying, and Oil and Gas Extraction

Industry

Dimension Stone Mining and Quarrying

About Contango Ore Inc

contango ore, inc. (otc:ctgo) recently completed a transaction that repositions the company as a well-capitalized us gold developer with a clear path to producing on average 65,000 geo/year at aisc of $750/geo. with less than 6 million shares issued and $35 million cash on hand, the company can easily meet its obligations to fund through to production without dilution. think about the free cash flow per share at current gold prices! how can we do this? the company recently formed a new partnership with kinross gold corporation - the peak gold jv (kinross 70% and contango 30% with kinross as manager and operator). ore from the peak gold jv will be processed at kinross' existing fort knox mining and milling complex. the use of the fort knox mill is expected to accelerate the development of peak gold and result in significantly reduced upfront capital development costs, smaller environmental footprint, a shorter permitting and development timeline and less overall risk for the project

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