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 12 full-time employees. The company went IPO on 2010-12-15. The firm 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. The company 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. The company 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 firm also owns Golden Zone and Amanita NE gold properties.
Follow-Up Questions
Who is the CEO of Contango ORE Inc?
Mr. Rick Nieuwenhuyse is the President of Contango ORE Inc, joining the firm since 2020.
What is the price performance of CTGO stock?
The current price of CTGO is $24.1, it has increased 0.85% in the last trading day.
What are the primary business themes or industries for Contango ORE Inc?
Contango ORE Inc belongs to Metals & Mining industry and the sector is Materials
What is Contango ORE Inc market cap?
Contango ORE Inc's current market cap is $305.4M
Is Contango ORE Inc a buy, sell, or hold?
According to wall street analysts, 7 analysts have made analyst ratings for Contango ORE Inc, including 2 strong buy, 8 buy, 1 hold, 0 sell, and 2 strong sell