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Contango ORE ( (CTGO) ) has shared an update.
Contango ORE, Inc. has commenced its second gold production campaign from the Manh Choh mine in Alaska, with expectations to produce 10,000 ounces of gold, contributing to an annual guidance of 36,000 ounces. The company, which owns a 30% stake in the Peak Gold JV operating the mine, also provided updates on its Johnson Tract and Lucky Shot projects, highlighting permitting advancements and ongoing exploration efforts. Despite not providing standard GAAP financial measures due to the difficulty of quantifying certain amounts, Contango anticipates strong financial results and a robust balance sheet by year-end, with sales of gold projected at near-record prices.
See more data about CTGO stock on TipRanks’ Stock Analysis page.
