Contango Ore Inc. is pleased to announce that the Peak Gold JV paid a cash distribution of $19.5 million. These proceeds relate to Contango's 30% of profits from the processing Manh Choh ore from Campaign #1. The Peak Gold JV is planning two further campaigns in 2024, the second currently underway, with at least one more cash distribution expected to occur before the end of the year. Contango estimates its share of gold [...]
Contango Ore Inc. is pleased to announce that the Peak Gold JV has started processing Campaign #2 of Manh Choh ore through the Kinross Fort Knox mill located near Fairbanks, Alaska. Processing of ore for the Second Campaign started on August 27th and will continue into late September. In addition, the Company reported the following general corporate updates: it received the 404 Wetlands Permit from the US Army Corps of [...]
Contango Ore Inc. is pleased to announce the results on gold production from the First Batch of Manh Choh ore processed at the Fort Knox mill located near Fairbanks, Alaska and operated by Kinross Alaska. Processing of ore from the First Batch started on July 3rd and continued through August 2nd. Results for the First Batch of Manh Choh Ore Processed1 Fort Knox processed approximately 210,000 tons of Manh Choh ore with an [...]
Contango Ore Inc. announced today it filed its Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission. The Company reported a net loss of $18.5 million or a loss of $1.90 per basic and diluted share for Q2-2024, which includes a non-cash expense of $12.6 M related to a loss on mark-to-market derivative contracts, calculated based on a forward gold price compared to the contracted hedge [...]
Contango Ore Inc. is pleased to announce the start of a surface drilling campaign at the Johnson Tract property. The 2024 surface exploration drilling targets 3,000 meters across 20 drill holes and is designed to in-fill the upper one-third of the near vertical resource. In parallel with the in-fill drilling, selected holes will undergo hydrological testing and monitoring to characterize the overall surficial and deposit [...]
Contango Ore Inc. is pleased to announce that today the first gold from the Manh Choh mine, a joint venture between Kinross and the Company, was poured at the Kinross Fort Knox mill facility. Rick Van Nieuwenhuyse, CEO and President for Contango commented: "Today was a monumental day for Contango shareholders. From the first discovery hole to pouring the first bar of gold emblazed with the special Manh Choh branding , it [...]
Contango Ore is pleased to announce that HighGold Mining shareholders and optionholders of HighGold have overwhelmingly approved the previously announced arrangement involving HighGold and the Company at HighGold's special meeting held on June 27, 2024. At the Meeting, the special resolution approving the Arrangement was approved by 93.7% of the HighGold Shareholders and 94.4% of the HighGold Securityholders voting as a [...]
Contango Ore Inc. is pleased to announce that the first gold pour for the Manh Choh mine will take place at the Fort Knox mill facility on July 8, 2024. Rick Van Nieuwenhuyse, CEO and President for Contango commented: "This is indeed a grand milestone event for the Company and its shareholders. Since its discovery, the Manh Choh project has stood out as a very high-quality deposit with exceptional grade for an open pit [...]
Contango Ore Inc. , today announced the pricing of its previously announced underwritten public offering of 731,750 units of the Company at a price of $20.50 per Unit. Each Unit consists of one share of the Company's common stock and one-half of one accompanying warrant. Each whole accompanying warrant is exercisable to purchase one share of the Company's common stock at a price of $26.00 per warrant, exercisable for a [...]
Contango Ore Inc. , today announced it has commenced an underwritten public offering of shares of its common stock and accompanying warrants to purchase shares of its common stock. The shares of common stock and warrants will be issued separately but can only be purchased together in the Offering. All of the shares of common stock and warrants in the Offering are to be sold by Contango. The Offering is subject to market [...]
Contango Ore Inc. announced today it filed its Form 10-Q for the quarter ended March 31, 2024 with the Securities and Exchange Commission. The Company reported a net loss of $20.5 million or a loss of $2.14 per basic and diluted share for the three month period ended March 31, 2024, which includes a non-cash expense of $15.6 million related to a loss on mark-to-market derivative contracts, calculated based on a forward [...]
Contango Ore Inc. is pleased to announce that its 30% owned Manh Choh project, operated by a subsidiary of Kinross Gold Corp. , is on track for first production in early Q3 2024. Ore and waste mining are ongoing with the full mining fleet now in operation as planned. Following several months of orientation runs, transportation of ore to the Kinross Fort Knox mine, where the ore will be processed, continues to ramp up with [...]