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Cover for Contango ORE Generates $32.2M of Cash-Flow from First Batch of Manh Choh Production

Contango ORE Generates $32.2M of Cash-Flow from First Batch of Manh Choh Production

August 25, 2024
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Mining Stock Daily
By Mining Stock Daily
Mining Stock Daily

Contango Ore CEO Rick Van Nuenhuysen discusses the recent gold production results from the Manh Choh Gold Mine and the joint venture with Kinross. He shares that the processing is going well and they have exceeded their planned production. The company has hedged 60% of the initial gold production and sold the remaining 40% at spot prices. Rick also talks about the acquisition of Highgold in Alaska and the ongoing exploration and development at the Johnson Tract Project. He mentions the drilling program, geotechnical studies, and permitting process. The company is financially stable and has plans to pay off debt and continue exploration.

Mining Stock Daily
Mining Stock Daily
Mining Stock Daily is a news-style briefing delivering the day's most important information out of the junior mining and mineral exploration sector. Content is published throughout the world on a dozen different platforms.
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