tango ORE(US:CTGO)2025-08-14 17:00Company Overview - Contango Ore Inc is traded on NYSE American under the ticker CTGO[1,15] - The company has a market capitalization of $280 million[15] - Contango has $36.9 million in cash, $20 million in convertible debentures, and $23.1 million in debt[17] Manh Choh Mine (30% Ownership) - The mine started production in Q3 2024[26,60] - 2025 gold production is estimated to be approximately 60,000 GEO (Gold Equivalent Ounces)[26,60] - The Life of Mine (LOM) free cash flow is estimated at approximately $320 million at a gold price of $2,800/oz[26,60] - Contango's share of cash distributions received from Peak Gold JV was $30 million in Q2 2025 and $54 million Year-To-Date 2025[38] Lucky Shot Mine (100% Ownership) - The current resource is 110,000 GEO at 14.5 g/t[26,60] - The company aims to develop 400,000-500,000 GEO resource within 2-3 years[26,60] - Initial production target is 30,000 – 40,000 GEO annually[26,60] Johnson Tract Project (100% Ownership) - The current resource is 1.1 million GEO at 9.4 g/t[26,60] - The goal is to complete permitting in 2 years and start production in 5 years, targeting 100,000 GEO annual production[26,60] - The Initial Assessment released in May 2025 shows a Post-Tax NPV5 of $224.5 million and a 30.2% IRR with a 7-year LOM and a 1.3-year discounted payback period[26,60]