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Contango ORE ( (CTGO) ) has issued an announcement.
Contango Ore, Inc. has announced its guidance for its 30% stake in the Peak Gold JV, projecting 2025 gold production at 60,000 ounces and updating all-in sustaining costs to approximately $1,625 per ounce. The company attributes cost increases to logistical challenges and higher processing expenses but remains optimistic about profitability over the mine’s four to five-year life. Contango anticipates cash distributions of $50 million for 2025, while working to align its credit repayments with production schedules.
Find detailed analytics on CTGO stock on TipRanks’ Stock Analysis page.
