A Business at a Glance
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Contango ORE, Inc. (“CORE” or the “Company”) was formed on September 1, 2010 as a Delaware corporation for the purpose of engaging in the exploration for and development of gold ore and associated minerals in the State of Alaska. On January 8, 2015, CORE Alaska, LLC, a wholly-owned subsidiary of the Company (“CORE Alaska”), and a subsidiary of Royal Gold, Inc. (“Royal Gold”) formed Peak Gold, LLC (the “Peak Gold JV”). On September 30, 2020, CORE Alaska sold a 30% membership interest in the Peak Gold JV to KG Mining (Alaska), Inc. (“KG Mining”), an indirect wholly-owned subsidiary of Kinross Gold Corporation (“Kinross”), a large gold producer with a diverse global portfolio and extensive operating experience in Alaska. The sale is referred to herein as the “CORE Transactions”.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | 0 | - | - | - | - |
| Net Income | -36M | -36M | -38M | -59M | -24M |
| EPS | $-2.80 | $-2.80 | $-3.49 | $-7.14 | $-3.49 |
| Free Cash Flow | 26M | 26M | 675K | -14M | -14M |
| ROIC | 31.7% | 161.1% | 28.5% | -178.7% | -70.1% |
| Gross Margin | - | - | - | - | - |
| Debt/Equity | 1.51 | 1.51 | 87.67 | -3.07 | 1.45 |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | 69M | 69M | 26M | -33M | -23M |
| Operating Margin | 0.0% | - | - | - | - |
| ROE | -143.8% | -273.7% | -2988.3% | - | -98.3% |
| Shares Outstanding | 13M | 13M | 11M | 8M | 7M |
| Metric | 2022 | 2023 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | N/A | N/A | N/A | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | 10M | 11M | 11M | 13M | 13M |
| EBIT | -23M | -33M | 26M | 69M | 69M |
| Op. Margin | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | -24M | -59M | -38M | -36M | -36M |
| Net Margin | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 115K | 122K | 122K | 122K | 122K |
| Returns on Capital | |||||
| ROIC | -70.1% | -178.7% | 28.5% | 161.1% | 31.7% |
| ROE | -98.3% | N/A | -2988.3% | -273.7% | -143.8% |
| ROA | -64.2% | -123.3% | -28.4% | -23.6% | -21.0% |
| Cash Flow | |||||
| Op. Cash Flow | -14M | -14M | 699K | 26M | 26M |
| Free Cash Flow | -14M | -14M | 675K | 26M | 26M |
| Owner Earnings | -18M | -17M | -2.1M | 22M | 22M |
| CapEx | 44K | 0 | 24K | 162K | 162K |
| Maint. CapEx | 56K | 245K | 122K | 141K | 141K |
| Growth CapEx | 0 | N/A | 0 | 22K | 22K |
| D&A | 56K | 245K | 122K | 141K | 141K |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.6% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 4.0M | 3.0M | 2.6M | 3.4M | 3.4M |
| Debt Repayment | 0 | 0 | 7.9M | 38M | 38M |
| Balance Sheet | |||||
| Net Debt | 10M | 29M | 91M | -31M | -27M |
| Cash & Equiv. | 9.0M | 16M | 20M | 65M | 65M |
| Long-Term Debt | 19M | 37M | 26M | 30M | 30M |
| Debt/Equity | 1.45 | -3.07 | 87.67 | 1.51 | 1.51 |
| Interest Coverage | -70.6 | -9.7 | 2.2 | 9.1 | 9.1 |
| Equity | 13M | -15M | 1.3M | 25M | 25M |
| Total Assets | 37M | 59M | 134M | 172M | 172M |
| Total Liabilities | 24M | 73M | 133M | 147M | 147M |
| Intangibles | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -59M | -139M | -177M | -213M | -213M |
| Working Capital | 22M | 3.8M | -54M | -8.0M | -8.0M |
| Current Assets | 24M | 17M | 22M | 68M | 68M |
| Current Liabilities | 1.5M | 13M | 76M | 76M | 76M |
| Per Share Data | |||||
| EPS | -3.49 | -7.14 | -3.49 | -2.80 | -2.80 |
| Owner EPS | -2.67 | -2.03 | -0.19 | 1.73 | 1.73 |
| Book Value | 1.97 | -1.76 | 0.12 | 1.95 | 1.95 |
| Cash Flow/Share | -2.07 | -1.64 | 0.06 | 2.00 | -2.79 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 6.7M | 8.3M | 10.9M | 12.9M | 12.9M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -9.2 |
| P/FCF | N/A | N/A | 164.9 | N/A | 13.0 |
| EV/EBIT | N/A | N/A | 6.1 | N/A | 4.4 |
| Price/Book | 15.8 | N/A | 87.5 | N/A | 13.2 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | -6.7% | -10.2% | 0.6% | N/A | 7.7% |
| Market Cap | 209M | 133M | 111M | 0 | 331M |
| Avg. Price | 24.41 | 23.09 | 18.89 | 0.00 | 25.72 |
| Year-End Price | 22.29 | 18.73 | 10.22 | 0.00 | 25.72 |
Contango ORE, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Contango ORE, Inc. (CTGO) has a 5-year average return on invested capital (ROIC) of -14.8%. This is below average and may indicate limited pricing power.
Contango ORE, Inc. (CTGO) has a market capitalization of $331M. It is classified as a small-cap stock.
Contango ORE, Inc. (CTGO) does not currently pay a regular dividend.
Contango ORE, Inc. (CTGO) operates in the Gold And Silver Ores industry, within the Materials sector.
Contango ORE, Inc. (CTGO) generated $26 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Contango ORE, Inc. (CTGO) has a debt-to-equity ratio of 1.51. This indicates higher leverage, which may increase financial risk.
Contango ORE, Inc. (CTGO) reported earnings per share (EPS) of $-2.80 in its most recent fiscal year.
Contango ORE, Inc. (CTGO) has a return on equity (ROE) of -273.7%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 4 years of financial data for Contango ORE, Inc. (CTGO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Contango ORE, Inc. (CTGO) has a book value per share of $1.95, based on its most recent annual SEC filing.