Contango Ore announces $9.0M cash distribution from Peak Gold JV
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2025
0mins
Cash Distribution Announcement: Contango Ore reported a cash distribution of $9M from the Peak Gold JV on April 24, bringing total distributions from gold sales in 2025 to $33M.
Gold Production Update: The Peak JV has completed its first campaign of 2025, producing approximately 20,000 ounces of gold, with the next campaign set to start in mid-May 2025.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like CTGO with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on CTGO
Wall Street analysts forecast CTGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CTGO is 35.00 USD with a low forecast of 35.00 USD and a high forecast of 35.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 33.000
Low
35.00
Averages
35.00
High
35.00
Current: 33.000
Low
35.00
Averages
35.00
High
35.00
About CTGO
Contango ORE, Inc. is engaged in the exploration of gold and associated minerals in Alaska. The Company holds a 30% interest in the Peak Gold JV, which leases approximately 675,000 acres of land for exploration and development on the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., an indirect subsidiary of Kinross Gold Corporation, operator of the Peak Gold JV. It also has a lease on the Johnson Tract project from the underlying owner, CIRI Native Corporation, a lease on Lucky Shot project from the underlying owner, Alaska Hardrock Inc. and through its subsidiary has 100% ownership of approximately 8,600 acres of peripheral State of Alaska mining claims. It also owns a 100% interest in an additional approximately 145,000 acres of State of Alaska mining claims through its wholly owned subsidiary, which gives the Company an exclusive right to explore and develop minerals on these lands. The Company also owns Golden Zone and Amanita NE gold properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Halper Sadeh Investigates Contango ORE Merger with Dolly Varden Silver Corporation
- Merger Investigation: Halper Sadeh LLC is investigating the merger between Contango ORE, Inc. and Dolly Varden Silver Corporation, where Contango shareholders are expected to own approximately 50% of the combined entity, potentially impacting shareholder rights.
- Legal Rights: Generation Bio Co. shareholders are being scrutinized due to the sale to XOMA Royalty Corporation at $4.2913 per share, which includes a non-transferable contingent value right that may yield additional payments, necessitating awareness of their legal rights.
- Shareholder Protection: Coeur Mining, Inc.'s merger with New Gold Inc. will result in Coeur shareholders owning about 62% of the combined company, with Halper Sadeh LLC potentially seeking increased consideration and additional disclosures for shareholders.
- Legal Services: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging shareholders to consult for free to understand their legal rights and options, aiming to protect investor interests and pursue potential compensation.
Continue Reading
Diamond Hill Investment Group to Sell for $175 per Share to First Eagle Investments
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating Diamond Hill Investment Group (NASDAQ:DHIL) for potential violations of federal securities laws regarding its sale to First Eagle Investments for $175 per share, indicating possible breaches of fiduciary duties to shareholders.
- Merger Transaction Impact: The merger between Contango ORE, Inc. (NYSE American: CTGO) and Dolly Varden Silver Corporation will result in Contango shareholders owning approximately 50% of the combined entity, which could affect shareholder control and future earnings.
- Legal Rights Protection: Halper Sadeh LLC urges shareholders to contact them promptly to ensure their legal rights and options are protected, highlighting the significant impact this matter may have on shareholder interests.
- Legal Fee Arrangement: The firm operates on a contingency fee basis, meaning shareholders will not incur out-of-pocket legal fees, thereby reducing the financial burden of pursuing their rights.
Continue Reading