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Jun 30, 2021
Contango Ore Q4 2021 Earnings Report
Contango ORE reported increased net income due to the gain from the sale of 30% of Peak Gold, LLC to Kinross Gold Corporation.
Key Takeaways
Contango ORE, Inc. reported a net income of $23.9 million, or $3.82 per basic and diluted share, for the year ended June 30, 2021, compared to a loss of $9.2 million, or $1.43 per basic and diluted share, for the same period last year. The increase in net income is attributed to the gain from the sale of 30% of Peak Gold, LLC.
Net income increased due to the sale of 30% of Peak Gold, LLC.
Chris Kennedy was appointed as the Lucky Shot Mine General Manager.
The Manh Choh project is on schedule for permitting next quarter and feasibility study completion in 2022.
Field exploration programs on the Shamrock and Eagle-Hona projects are nearly completed.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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