About Us
Contango ORE, Inc. (OTCQB:CTGO) recently completed a transaction that repositions the company as a well-capitalized US gold developer with a clear path to producing on average 65,000 GEO/year at AISC (All-In Sustaining Costs) of $750/GEO (Gold Equivalent Ounces).
The company is well structured with a low share count and has sufficient cash on hand to meet its obligations to fund our share of projected expenditures at Peak Gold, LLC through to a production decision without significant dilution. Think about the free cash flow per share at current gold prices! How can we do this?
The company recently formed a new partnership with a subsidiary of Kinross Gold Corporation - The Peak Gold, LLC (Kinross 70% and Contango 30% with Kinross as Manager and Operator). Ore from the Peak Gold, LLC will be processed at Kinross' existing Fort Knox mining and milling complex. The use of the Fort Knox mill is expected to accelerate the development of the Peak Gold deposit and result in significantly reduced upfront capital development costs, smaller environmental footprint, a shorter permitting and development timeline, and less overall risk for the project.
