CTGO
Contango Ore, Inc.26.92
+0.11+0.41%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
402.83MP/E (TTM)
141.68Basic EPS (TTM)
0.19Dividend Yield
0%Recent Filings
10-K
FY2025 results
Contango ORE's FY2025 shone through its 30% stake in the Peak Gold JV's Manh Choh mine, which ramped up to process 1,069,000 tons of ore—delivering Contango's share of 57,800 gold ounces sold at $3,400/oz average and $102 million in cash distributions, more than doubling 2024's $40.5 million. Q4 momentum surged with five distributions versus three prior year, cash costs at $1,459/oz and AISC $1,616/oz on a by-product basis (non-GAAP, reconciled in MD&A). Equity income hit $88.6 million amid $196.7 million gold sales revenue. Yet Kinross controls JV operations. Debt shrinks to $4 million by early 2027; hedges unwind post-11,000 oz 2026 delivery. Lucky Shot drilling advances toward 2027 feasibility. Dolly Varden merger eyes Q1 2026 close. Permitting delays risk quarterly momentum.
8-K
2025 results, 2026-27 guidance
Contango ORE reported FY 2025 results with 60,200 GEO from Manh Choh at cash costs of $1,459/oz, adjusted net income of $73.0M, and cash up to $64.8M after $37.5M debt paydown. Debt shrinks to $14.6M; hedges cut sharply. Dolly Varden merger targets late March close. Guides 40-45k oz gold in 2026, 75-80k in 2027.
8-K
Proxy firms back Dolly Varden deal
Contango Ore disclosed that ISS and another proxy advisor recommend stockholders vote 'For' its proposed all-stock acquisition of Dolly Varden Silver at 0.1652 Contango shares per Dolly Varden share, announced December 7, 2025. Canaccord deemed the ratio fair; pro forma, Contango holders own 50%. Special meeting looms March 17. Vote by March 13.
8-K
Lucky Shot hits 60 g/t gold
Contango Ore reported standout underground drill results from its Lucky Shot Project on February 25, 2026, headlined by 60.22 g/t gold over 5.92 meters—including 294.77 g/t over 1.16 meters—in the new KM vein. The 2025/2026 program, with 2,063 meters drilled across 20 holes since November 2025, validates the L2 vein system while uncovering this orthogonal high-grader. High grades confirm model continuity. More drilling tests KM potential through April.
8-K
Proxy filed for Dolly Varden deal
Contango Ore filed its definitive proxy statement on February 23, 2026, for a March 17 special meeting to approve its proposed arrangement with Dolly Varden Silver, exchanging shares at a fixed 0.1652 ratio per Dolly Varden share under a December 7, 2025 agreement. The board touts a diversified North American precious metals portfolio with production and exploration upside, backed by a Canaccord fairness opinion. Voting pacts cover 22% of shares. Risks abound.
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