Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum, addressing the challenges of defining momentum [2] Company Overview: Contango ORE, Inc. (CTGO) - CTGO currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, CTGO shares increased by 1.37%, while the Zacks Mining - Miscellaneous industry rose by 4.08% [6] - In the last month, CTGO's price change was 14.21%, compared to the industry's 17.87% [6] - Over the past quarter, CTGO shares have risen by 22.33%, and by 30.99% over the last year, outperforming the S&P 500's gains of 8.19% and 19.01%, respectively [7] Trading Volume - CTGO's average 20-day trading volume is 172,960 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the last two months, one earnings estimate for CTGO has increased, raising the consensus estimate from -$1.44 to $0.67 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [10] Conclusion - Given the strong performance metrics and positive earnings outlook, CTGO is positioned as a promising investment opportunity with a Momentum Score of A [12]

Summary of Contango Ore (NYSEAM:CTGO) Update / Briefing - October 03, 2025 Company Overview - **Company**: Contango Ore (CTGO) - **Industry**: Mining, specifically gold production Key Points and Arguments Production Performance - Contango Ore has exceeded its original production guidance for the third consecutive campaign, producing over 17,000 ounces against a guidance of 15,000 ounces [7][8] - The company anticipates slightly exceeding a total production of 60,000 ounces for the year, maintaining an all-in sustaining cost guidance of $16.25 per ounce [10][11] Economic Strategies - The company is testing a blending campaign of low-grade Montreux ore with Fort Knox ore at a ratio of 1:10, aiming for cost savings and increased cash flow [12][15] - The feasibility study was based on a gold price of $1,400, and the current market conditions allow for processing lower-grade materials that were not part of the original mine plan [13][14] Legal Developments - The dismissal of a lawsuit by the village of Dot Lake against the Army Corps of Engineers is seen as a positive development, removing a potential cloud over operations [16][19] Financial Projections - The company projects over $100 million in distributions for 2025, with a sensitivity analysis indicating a $1 million increase in free cash flow for every $100 increase in gold price [20][21] - The average gold price sold year-to-date is around $3,300, with expectations for further increases [71] Operational Efficiency - The company has implemented practical operational improvements, such as cattle guards and wash plants, to enhance efficiency and increase ore loading capacity [26][30] - Consistent operational practices have led to reliable production performance, distinguishing Contango from other early producers [26][27] Exploration and Future Plans - A $5 million exploration program is underway, focusing on corridor mineralization to potentially extend the mine life by one to two years [33][35] - The company aims to increase production to 200,000 ounces over the next five years, with a focus on high-grade projects [58][59] Joint Ventures and Future Projects - The Peak Gold joint venture with Kinross is dedicated to mining ore at Montchaux and sending it to the Fort Knox mill [68] - Plans for the Lucky Shot and Johnson Track projects include mobilizing drill crews and evaluating high-grade mineralization [45][48] Market Positioning - The company believes there is a disconnect between its current valuation and cash generation capabilities, with plans to improve market perception through news and updates on project progress [49][52] - The potential for high free cash flow generation from Lucky Shot and Johnson Track is emphasized, with estimates suggesting $80 million from a 40,000-ounce production [53][76] Community Impact - The TETLIN tribe has reportedly used royalties from the project to improve their quality of life, establishing a sovereign fund for future needs [62][63] Additional Important Content - The company is exploring the acquisition of a mill to enhance its operational model, which could provide flexibility in processing high-grade ores [60][79] - The NPV for the Johnson Track project is estimated at $600 million based on current gold prices, indicating strong potential for free cash flow generation [75][76] This summary encapsulates the key insights and developments discussed during the Contango Ore briefing, highlighting the company's operational performance, financial outlook, and strategic initiatives in the mining sector.

Company Performance - Contango ORE, Inc. (CTGO) has seen a significant increase in its stock price, rising 14.2% over the past month and reaching a new 52-week high of $25.88 [1] - The stock has gained 143.8% since the beginning of the year, outperforming the Zacks Basic Materials sector's 24.9% increase and the Zacks Mining - Miscellaneous industry's 28.8% return [1] Earnings and Surprises - The company has a strong record of positive earnings surprises, having met or exceeded earnings consensus estimates in the last four quarters [2] - In the latest earnings report on August 13, 2025, Contango ORE, Inc. reported an EPS of $1.24, significantly above the consensus estimate of -$0.01 [2] Valuation Metrics - The stock currently trades at a valuation of 36.5X current fiscal year EPS estimates, which is a premium compared to the peer industry average of 18.7X [5] - Despite its high valuation, the company has a Value Score of C, a Growth Score of B, and a Momentum Score of A, resulting in a combined VGM Score of A [5] Zacks Rank - Contango ORE, Inc. holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, indicating strong potential for future performance [6] - The recommendation is for investors to consider stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, which applies to Contango ORE, Inc. [6] Industry Comparison - The Mining - Miscellaneous industry ranks in the bottom 59% of all industries, but there are still positive tailwinds for both Contango ORE, Inc. and its peer, Materion Corporation (MTRN) [9] - Materion Corporation has a Zacks Rank of 2 (Buy) and has shown strong earnings performance, beating consensus estimates by 16.10% in the last quarter [8]

Core Viewpoint - Contango ORE, Inc. (CTGO) shows significant potential for upside, with a mean price target of $34 indicating a 35.9% increase from its current trading price of $25.02 [1] Price Targets and Analyst Consensus - The average price target for CTGO ranges from a low of $32.00 to a high of $35.00, with a standard deviation of $1.73, suggesting a relatively tight clustering of estimates [2] - The lowest estimate indicates a potential increase of 27.9%, while the highest suggests a 39.9% upside [2] - Analysts' price targets should be approached with caution, as they may not reliably predict actual stock price movements [3][7] Earnings Estimates and Analyst Agreement - There is strong agreement among analysts regarding CTGO's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - Recent revisions in earnings estimates have shown a positive trend, with one estimate moving higher and no negative revisions, leading to a Zacks Consensus Estimate increase of 186.7% for the current year [12] - CTGO holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors [13] Implications of Price Movement - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does provide a directional guide for price movement [14]

Core Insights - Contango ORE, Inc. has successfully completed its third production campaign for 2025, yielding approximately 17,000 ounces of gold, exceeding initial guidance of 15,000 ounces [1][2] - The Peak Gold JV has distributed a total of $87 million in cash to Contango year-to-date, with expectations of exceeding $100 million in cash distributions for 2025 [1][5] - The company is actively reducing its debt and hedge contracts, with a current outstanding debt of $14.6 million after an early repayment of $8.5 million [3][4] Production and Financial Performance - Campaign 3-2025 processed about 287,000 tons of ore with an average grade of 0.214 ounces per ton, resulting in a gold recovery rate of 92.5% [1][2] - The Peak Gold JV's cash distribution to Contango for this campaign was $33 million, contributing to a strong cash flow position [1][5] - The company anticipates using the higher-than-expected cash flow to strengthen its cash position and further reduce debt [6] Future Plans and Developments - Contango aims to triple its annual production from 60,000 ounces to 200,000 gold equivalent ounces over the next five years, funded internally [4] - The company is preparing for a 15,000-meter underground drill program at the Lucky Shot project, expected to commence by the end of October 2025 [4] - The Johnson Tract project is progressing through the permitting stage, with plans to report on developments once permits are secured [4] Strategic Initiatives - A test campaign is underway to evaluate the blending of low-grade Manh Choh ore with standard Fort Knox ore to optimize processing costs [2] - The company is focused on delivering exceptional shareholder returns by executing a robust growth strategy [4] - The dismissal of a lawsuit against the US Army Corps of Engineers related to the Manh Choh project is seen as a favorable development [4]

Group 1 - The event features a discussion on financing and exploration plans by Contango Ore's CEO and CFO [1] - The session is interactive, encouraging audience participation through questions [1] - The event will be recorded and available for replay later, ensuring wider accessibility [2]

Summary of Contango Ore (NYSEAM:CTGO) Update / Briefing on September 26, 2025 Company Overview - **Company**: Contango Ore (CTGO) - **Industry**: Mining, specifically gold production Key Points and Arguments Financing and Strategic Rationale - Contango Ore successfully closed a **$50 million** financing round at **$20 per share** aimed at institutional investors, marking a significant cash injection for the company [4][6] - The financing is described as **transformational**, intended to support the advancement of two projects: **Lucky Shot** and **Johnson Track** [6][11] - The cash flow from the **Monchola** mine is primarily directed towards paying down debt and hedging commitments, necessitating this new financing to avoid delays in project development [6][7] Project Development Plans - The company aims to **triple production** from the current **60,000 ounces** to **200,000 ounces** annually across the Lucky Shot and Johnson Track projects [11][79] - The all-in sustaining costs are projected to be around **$1,500 per ounce**, which is expected to generate strong cash flows [11][70] - The drilling operations for Lucky Shot are set to commence shortly, with a focus on resource definition and feasibility studies [20][30] Risk Management and Hedging - Contango is cautious about its hedge positions, with plans to deliver into existing contracts while monitoring gold prices [24][27] - The company anticipates that the hedges will be fully settled by the end of next year, allowing for increased cash flow to be directed towards project development [25][70] Permitting and Regulatory Environment - The permitting process for Johnson Track is ongoing, with expectations to secure necessary permits by **Q1 of next year** [35][37] - The company is leveraging the **FAST 41** program to streamline the permitting process, which is crucial for project advancement [66][67] Financial Outlook - Contango expects to generate over **$100 million** in cash flow this year, with sufficient internal funding to support the development of both Lucky Shot and Johnson Track without the need for additional financing [46][70] - The anticipated mine life for Monchola is **4.5 years**, Lucky Shot is projected at **5 years**, and Johnson Track at **7 years**, with potential for extensions based on further exploration [75][79] Future Growth and Opportunities - The company is actively seeking new opportunities that align with its **Direct Shipping Ore (DSO)** model, focusing on high-quality, high-margin projects [81][83] - Contango aims to maintain a margin of over **$2,000 per ounce** while keeping all-in sustaining costs around **$1,500** [82][83] Management Insights - The management expressed excitement about the upcoming drilling activities and the potential for significant growth, emphasizing a strong five-year plan to increase production [85][87] - The CEO highlighted the importance of executing the company's growth strategy while managing operational risks, including litigation and permitting challenges [47][49] Additional Important Information - The company is positioned strategically in Alaska, benefiting from federal support for resource development, which is seen as advantageous for future operations [60][62] - Recent legal challenges have been addressed positively, with a lawsuit against the company being dropped, which may alleviate some operational risks [48][50] This summary encapsulates the key discussions and insights from the Contango Ore briefing, highlighting the company's strategic direction, financial health, and project development plans.

Accessibility StatementSkip Navigation SOURCE Contango Ore FAIRBANKS, Alaska, Sept. 26, 2025 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO), announces that it will hold a webinar on Friday, September 26, 2025 at 2:00pm EST (11:00am PST) to discuss its recently closed $50 million financing and plans for the use of proceeds to advance exploration and development at its Lucky Shot and Johnson Tract properties. Rick Van Nieuwenhuyse, President and CEO of the Company, state ...

Core Viewpoint - Contango ORE, Inc. has successfully completed a public offering of common shares, raising approximately $50 million to fund its mining projects and general corporate purposes [1][2]. Group 1: Offering Details - The offering consisted of 1,975,000 common shares priced at $20.00 each and included a pre-funded warrant for 525,000 shares at $19.99 each, resulting in gross proceeds of around $50 million before expenses [1]. - Canaccord Genuity acted as the Sole Bookrunner, with Cormark Securities as Lead Manager and other firms as Co-Managers for the offering [3]. Group 2: Use of Proceeds - The net proceeds will be allocated to advance the Lucky Shot project towards a mine production decision within two years, involving drilling and underground development [2]. - Funds will also support the Johnson Tract project, including road construction, camp winterization, exploration tunnel construction, and feasibility planning, pending necessary permits [2]. Group 3: Company Overview - Contango is engaged in gold exploration in Alaska, holding a 30% interest in the Peak Gold project and leases on the Johnson Tract and Lucky Shot projects, along with ownership of additional mining claims [5].

Core Viewpoint - Contango ORE, Inc. has successfully priced its underwritten public offering of common shares, raising approximately $50 million to fund its mining projects and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 1,975,000 shares priced at $20.00 per share and includes a pre-funded warrant for 525,000 shares at $19.99 each, with gross proceeds expected to be around $50 million before expenses [1]. - The closing of the offering is anticipated to occur on or about September 26, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Net proceeds will be allocated to advance the Lucky Shot project towards a mine production decision over the next two years, including drilling and underground development [2]. - Funds will also support the Johnson Tract project, focusing on road construction, camp winterization, exploration tunnel construction, and feasibility-level mine planning [2]. - Remaining proceeds will be utilized for general corporate purposes, including working capital [2]. Group 3: Management and Underwriters - Canaccord Genuity is the Sole Bookrunner for the offering, with Cormark Securities as Lead Manager and Maxim Group LLC, Roth Capital Partners, and Freedom Capital Markets as Co-Managers [3]. Group 4: Company Overview - Contango ORE, Inc. is engaged in gold exploration in Alaska, holding interests in multiple projects, including a 30% stake in Peak Gold, LLC, and leases on the Johnson Tract and Lucky Shot projects [6]. - The company has approximately 8,600 acres of peripheral mining claims and a 100% interest in about 145,000 acres of State of Alaska mining claims [6].