Contango ORE, Inc Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2017
January 01, 2018 at 03:38 am IST
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Contango ORE, Inc. reported earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported a net loss of $0.8 million, or $0.14 per basic and diluted share, compared to $0.6 million or $0.13 per basic and diluted share for the same period last year.
For the six months, the company reported a net loss of $1.5 million, or $0.28 per basic and diluted share, compared to $1.5 million, or $0.36 per basic and diluted share, for the same period last year.
Contango ORE, Inc. is engaged in exploration for gold ore and associated minerals in Alaska. The Company conducts its operations through three primary means. The Company has an approximately 30% membership interest in Peak Gold, LLC, which leases approximately 675,000 acres from the Tetlin Tribal Council. Its subsidiary, Alaska Gold Torrent, LLC, leases the mineral rights to approximately 8,600 acres of the State of Alaska and patented mining claims for exploration from Alaska Hard Rock, Inc. Its subsidiary, Contango Minerals Alaska, LLC, separately owns the mineral rights to approximately 145,280 acres of State of Alaska mining claims for exploration, including approximately 69,780 acres located immediately northwest of the Peak Gold JV Property, approximately 14,800 acres located northeast of the Peak Gold JV Property, approximately 52,700 acres of new property in the Richardson district of Alaska and approximately 8,000 acres located to the north and east of the Lucky Shot Property.
CONTANGO ORE, INC. 
