Equity Insider News CommentaryIssued on behalf of RUA GOLD Inc.VANCOUVER, BC, April 25, 2025 /PRNewswire/ -- Equity Insider News Commentary – Despite the hyperactivity in the markets and with gold prices, analysts at JP Morgan are still predicting $4,000/oz gold prices by Q2 2026. And the optimism for gold bugs doesn't end there, as a new report from Morningstar Equity Research is highlighting how these high gold prices support gold miner stocks. Now analysts from Jefferies are raising their price targets f ...

Shares of Contango ORE, Inc. (CTGO) have gained 48% over the past four weeks to close the last trading session at $14.28, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $27.17 indicates a potential upside of 90.3%.The mean estimate comprises four short-term price targets with a standard deviation of $3.70. While the lowest estimate of $22 indicates a 54.1% increase from the cur ...

Core Points - Contango ORE, Inc. has nominated two new independent directors, Michael Cinnamond and Clynton Nauman, to its board of directors [2][3] - The company will hold its 2025 Annual Meeting of Stockholders virtually on June 10, 2025, with proxy materials sent to stockholders after April 29, 2025 [1][4] - Current directors Joe Compofelice and Curtis Freeman will not stand for re-election, with their terms ending at the Annual Meeting [2][3] Company Overview - Contango ORE, Inc. is engaged in gold exploration in Alaska and holds a 30% interest in the Peak Gold Joint Venture, which covers approximately 675,000 acres [6] - The company also has leases on the Johnson Tract and Lucky Shot projects, along with 100% ownership of approximately 8,600 acres of mining claims in Alaska [6] - The Peak Gold Joint Venture is operated by Kinross Gold Corporation, which owns the remaining 70% [6]

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Contango ORE, Inc. (CTGO) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Contango ORE, Inc. is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #15. The Zack ...

Contango ORE, Inc. (CTGO) closed the last trading session at $10.32, gaining 2.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $27.17 indicates a 163.3% upside potential.The mean estimate comprises four short-term price targets with a standard deviation of $3.70. While the lowest estimate of $22 indicates an 113.2% increase from the current price level, the most optimistic analy ...

CONFERENCE CALL AND WEBCAST Contango will host a conference call and webcast to discuss this update on Monday, March 31, 2025, at 1:30pm EST / 10:30am PST. Participants may join the webcast using the following call-in details: https://6ix.com/event/contango-ore-cash-distribution-and-campaign-4. ABOUT CONTANGO FAIRBANKS, Alaska, March 31, 2025 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that the Peak Gold JV has made cash distributions totaling ...

Contango Ore (CTGO) Q4 2024 Earnings Call March 18, 2025 12:51 AM ET Company Participants Romeo Maione - VP Business SolutionsRick Van Nieuwenhuyse - President, CEO & DirectorMichael Clark - CFO Romeo Maione Today, I saw some early rising Australians on the list, so thank you very much for joining us. Appreciate particularly everybody joining us on St. Patrick's Day for a corporate update and Q and A session from Tango Ur related to this morning's press release regarding 2024 earnings. I'm joined today by t ...

NEWS RELEASE CONTANGO ORE, INC. Contango Announces Earnings for the Year Ended December 31, 2024 FAIRBANKS, AK -- (March 17, 2025) -- Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) announced today that it filed its Form 10-K for the fiscal year ended December 31, 2024 ("FY2024") with the Securities and Exchange Commission. Other periods referenced in this release include the six-month transition period ended December 31, 2023 ("6ME12-2023"), and the fiscal year ended June 30, 2023 (" ...

Financial Performance - The Company received $40.5 million in cash distributions from the Peak Gold JV during 2024, relating to three campaigns of production at the Manh Choh Project [237]. - The Manh Choh Project produced 41,325 ounces of gold for Contango's share in 2024, with cash costs on a by-product basis per ounce at $1,209 [237]. - The income from the Company's equity investment in the Peak Gold JV for the fiscal year ended December 31, 2024 was $41.7 million, compared to a loss of $6.3 million for the six months ended December 31, 2023 [255]. - The Company invested $31.3 million in the Peak Gold JV during fiscal year ended December 31, 2024, and the Peak Gold JV issued cash distributions of $40.5 million for the same period [255]. - The average blended realized gold price for the Company was $2,281 per ounce sold in 2024 [240]. - The gain on metal sales for the fiscal year ended December 31, 2024 was $1.2 million, with no metal sales reported in prior periods [257]. - Cash Cost on a By-Product Basis, per Ounce for the Peak Gold JV was $1,209 for the fiscal year ended December 31, 2024, with total cost of sales amounting to $195.4 million [264]. Expenses - Exploration expense for the fiscal year ended December 31, 2024 was $4.1 million, primarily related to the 3,000 meter surface drilling exploration program at the Johnson Tract Property [252]. - General and administrative expense for the fiscal year ended December 31, 2024 was $10.6 million, an increase from $6.8 million for the six months ended December 31, 2023 [253]. - Interest expense for the fiscal year ended December 31, 2024 was $11.7 million, an increase due to a cumulative $60.0 million draw-down on the Facility and the Queen's Road Capital Investment, Ltd. Debenture [256]. - The Company recognized claim rental expense of $0.6 million for the fiscal year ended December 31, 2024, compared to $0.3 million for the six months ended December 31, 2023 [251]. - The Company recorded an unrealized loss on derivative contracts of $34.3 million and a realized loss of $19.9 million during the fiscal year ended December 31, 2024 [258]. Acquisitions and Agreements - The Company completed the acquisition of HighGold, issuing 1,698,887 shares valued at approximately $33.4 million to HighGold shareholders [242]. - The Company entered into a stock purchase agreement with Avidian Gold Corp. for an initial consideration of $2.4 million, with a contingent payment of up to $1 million [245]. Cash Flow and Liquidity - As of December 31, 2024, the Company had approximately $20.3 million of cash available [265]. - The Company received a total of $40.5 million in cash distributions from the Peak Gold JV in 2024, including $19.5 million in September and $21.0 million in the fourth quarter [268]. - The Company made a repayment of $13.8 million on the Facility in January 2025, with total repayment obligations of approximately $24.7 million due within the next twelve months [268]. Project Development - The Peak Gold JV's cash calls for 2023 and 2024 totaled approximately $248.1 million, with the Company's share being approximately $74.5 million [238]. - The Peak Gold JV expects that the Manh Choh Project will be mined over approximately five years [237]. - The Peak Gold JV commenced production in July 2024, with operations on schedule and no future anticipated cash calls [267].

Core Viewpoint - Contango ORE, Inc. reported its financial results for FY2024, highlighting gold production exceeding guidance and a focus on debt reduction and cash flow management [1][3]. Financial Performance - The unrestricted cash position increased to $20.1 million as of December 31, 2024, up from $15.5 million a year earlier [2]. - Total income from operations was $26.3 million, with a net loss of $38.0 million for FY2024, which included a non-cash expense of $34.3 million from unrealized losses on derivative contracts [2][5]. - Net cash provided from operating activities improved to $0.7 million for FY2024, compared to net cash used of $9.4 million for the six-month transition period and $14.7 million for FY2023 [4]. Production and Operations - Gold production at the Manh Choh mine reached 41,325 ounces, surpassing the guidance of 30,000 to 35,000 ounces, with cash costs of $1,209 per ounce [3][11]. - The average blended gold price achieved was $2,281 per ounce [8]. - The company is on track to produce between 15,000 and 18,000 ounces of gold in the first campaign of 2025, with a total guidance of 60,000 ounces for the year [3][8]. Debt and Hedge Management - The company reduced its credit facility balance by 36% to $38.3 million and settled 37,861 ounces of gold hedge contracts, reducing the outstanding hedge contract to 86,739 ounces [3][11]. - Cash distributions received from the Peak Gold JV amounted to $40.5 million [8][11]. Project Developments - The Johnson Tract project is advancing with a preliminary economic assessment expected to be released soon [3]. - The company completed a 3,000-meter drilling campaign at the Johnson Tract, focusing on resource characterization and permitting efforts [11].