Contango ORE, Inc. (CTGO)
Contango ORE, Inc. (CTGO) is a mineral exploration and development company focused on the discovery and advancement of mineral resources, particularly in the precious and base metals sectors. The company engages in the exploration of mineral properties, aiming to bring valuable ore deposits to production. It is involved in projects that may include copper, gold, and other critical minerals essential for various industrial and technological applications.
Company News
Contango ORE reported producing 17,000 ounces of gold in its third 2025 campaign and received a $33 million cash distribution from the Peak Gold Joint Venture. The company aims to triple its annual gold production to 200,000 ounces over the next five years through internal funding and development of its Lucky Shot and Johnson Tract projects.
Contango Ore achieved a significant financial turnaround in Q2 2025, reporting record net income of $15.9 million driven by strong gold sales, robust gold prices, and cost control measures. The company exceeded quarterly guidance, reduced debt, and maintained positive operational momentum.
Contango ORE, Inc. (CTGO) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.