These shares were bought in multiple transactions at prices ranging from $11.50 to $11.99. Following this acquisition, Juneau holds a total of 306,112 shares directly. Additionally, he maintains indirect ownership through various entities, including AuCuAg Holdings, LLC, Juneau Exploration, L.P., and J5D Enterprises, L.P., with holdings of 98,366, 96,534, and 158,491 shares, respectively. With technical indicators suggesting oversold conditions, subscribers to InvestingPro can access 10 additional investment tips and comprehensive analysis of CTGO's financial health. With technical indicators suggesting oversold conditions, subscribers to InvestingPro can access 10 additional investment tips and comprehensive analysis of CTGO's financial health. These shares were bought in multiple transactions at prices ranging from $11.50 to $11.99. Following this acquisition, Juneau holds a total of 306,112 shares directly. Additionally, he maintains indirect ownership through various entities, including AuCuAg Holdings, LLC, Juneau Exploration, L.P., and J5D Enterprises, L.P., with holdings of 98,366, 96,534, and 158,491 shares, respectively.
In other recent news, Contango ORE has seen significant earnings from its gold mining operations within the Peak Gold Joint Venture (JV). The company reported a total cash distribution of $31.5 million for the year, including a $12 million distribution from the JV's second campaign of processing Manh Choh ore. Contango ORE also received a cash distribution of $19.5 million from the JV's first campaign.
The company projects its gold production for the upcoming year to be between 30,000 to 40,000 ounces. Despite increased costs at the Manh Choh mine, Contango ORE expects to produce approximately 60,000 ounces of gold in 2025. Analyst firm Roth/MKM adjusted Contango ORE's price target to $33.00 but maintains a Buy rating for the stock.
In addition to these developments, Contango ORE completed the acquisition of HighGold Mining Inc., which includes the Johnson Tract project, expected to add over 1 million ounces of gold equivalent to Contango's resources. The company is also restructuring its credit facility repayments to align with the revised production schedule. These are the latest updates in Contango ORE's strategic moves.
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