Contango Ore, Inc.
Aiming to Commence Production in Q3
Published: 2/7/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Basic Materials | Industry: Gold
Ticker Symbols:
CTGO - AMEX 🔹
Highlights
Kinross Gold (NYSE: KGC/70%) and Contango (30%) are aiming to commence production at their Manh Choh project (Alaska) in Q3-2024.
Ore will be processed at Kinross’s Fort Knox mill. Manh Choh is fully permitted, and funded to production.
The project has potential to operate for 4.5 years, producing 225 Koz per year (67.5 Koz for CTGO), with an average gold grade of 8 gpt; making it a medium-sized/ultra high-grade open-pit gold mine
