Contango ORE Inc
F:F85
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Contango ORE Inc
F:F85
|
US |
|
Q
|
Qorvo Inc
SWB:2QO
|
US |
|
Reworld Media SA
F:6H1
|
FR |
|
First Nordic Metals Corp
F:HEG0
|
CA |
|
M
|
MakeMyTrip Ltd
SWB:MY1
|
IN |
|
N
|
News Corp
NASDAQ:NWS
|
US |
|
E
|
EQTEC PLC
F:KEU1
|
IE |
|
S
|
Shaw Communications Inc
F:SWC
|
CA |
|
Risma Systems A/S
F:8WX
|
DK |
|
C
|
Capital Environment Holdings Ltd
XBER:H2Y
|
HK |
|
A
|
Alphageo (India) Ltd
BSE:526397
|
IN |
Contango ORE Inc
Contango ORE, Inc. engages in the exploration of gold, associated minerals, and rare earth elements. The company is headquartered in Houston, Texas and currently employs 11 full-time employees. The company went IPO on 2010-12-15. The firm conducts its operations through three primary means. The firm has approximately 30% membership interest in Peak Gold, LLC (the Peak Gold JV), which leases approximately 675,000 acres from the Tetlin Tribal Council and holds approximately 13,000 additional acres of State of Alaska mining claims for exploration and development. The firm through its wholly owned subsidiary, Contango Minerals Alaska, LLC (Contango Minerals), separately owns the mineral rights to approximately 214,600 acres of State of Alaska mining claims for exploration, including approximately 139,100 acres located immediately northwest of the Peak Gold JV Property (the Eagle/Hona Property), approximately 14,800 acres located northeast of the Peak Gold JV Property (the Triple Z Property), Shamrock Property and approximately 8,000 acres located to the north and east of the Lucky Shot Property.
Contango ORE, Inc. engages in the exploration of gold, associated minerals, and rare earth elements. The company is headquartered in Houston, Texas and currently employs 11 full-time employees. The company went IPO on 2010-12-15. The firm conducts its operations through three primary means. The firm has approximately 30% membership interest in Peak Gold, LLC (the Peak Gold JV), which leases approximately 675,000 acres from the Tetlin Tribal Council and holds approximately 13,000 additional acres of State of Alaska mining claims for exploration and development. The firm through its wholly owned subsidiary, Contango Minerals Alaska, LLC (Contango Minerals), separately owns the mineral rights to approximately 214,600 acres of State of Alaska mining claims for exploration, including approximately 139,100 acres located immediately northwest of the Peak Gold JV Property (the Eagle/Hona Property), approximately 14,800 acres located northeast of the Peak Gold JV Property (the Triple Z Property), Shamrock Property and approximately 8,000 acres located to the north and east of the Lucky Shot Property.
Q1 was light: Manh Choh produced just over 8,000 ounces in the quarter, below the original 10,000-ounce target, with winter weather and a belt fire cited as the main reasons.
Full-year view intact: Management said the 40,000 to 45,000 ounce 2026 gold production range is still the plan, with output and grades expected to improve as mining moves deeper into the South pit.
Costs will ease later: Q1 cash costs of $2,692 per ounce and AISC of $2,778 were above full-year guidance, but management said unit costs should come down as more ore and less waste are mined over the rest of the year.
Hedge clean-up: The company reduced its hedge book to 22,000 ounces and expects to fully clear the hedges and debt by year-end, which should make future earnings and cash flow more exposed to spot gold.
Balance sheet improved: Cash rose to $97.5 million from $64.8 million at year-end, helped mainly by the Dolly Varden merger, while the $50 million equity raise was largely used to settle hedges.
2027 setup: Management repeatedly framed 2027 as the “banner year,” with production expected to rise to 75,000 to 80,000 ounces and free cash flow estimated at $165 million to $175 million at a $3,700 gold price, or about $225 million at $5,000 gold.
