Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Contango ORE ( (CTGO) ) has issued an announcement.
Contango Ore, Inc. has announced its guidance for its 30% stake in the Peak Gold JV, projecting 2025 gold production at 60,000 ounces and updating all-in sustaining costs to approximately $1,625 per ounce. The company attributes cost increases to logistical challenges and higher processing expenses but remains optimistic about profitability over the mine’s four to five-year life. Contango anticipates cash distributions of $50 million for 2025, while working to align its credit repayments with production schedules.
Find detailed analytics on CTGO stock on TipRanks’ Stock Analysis page.
Trending Articles
- ZMI, TBAL: 2 Canadian Balanced ETFs to Shield Your Returns
- Class Action Lawsuit Against Paragon 28, Inc. (NYSE:FNA)
- 3 Penny Stocks to Watch Now, 11/29/24
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
