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Stock impact report

Contango Ore: How the Dolly Varden merger builds a mid-tier powerhouse [Globe and Mail, The (Toronto, Canada)]

Contango ORE, Inc. (CTGO) 
NASDAQ:AMEX Investor Relations: contangoore.com/investor.html
a company with more than 3 million ounces of gold, 100 million ounces of silver, over 100 million U.S. dollars in cash, over $100 million in annual cash flow from current operations at Manh Choh, and a plan to reach 200,000 ounces of gold production within five years while generating significant annual free cash flow. Contango Ore is evolving to create a new mid-tier producer by uniting its assets and team with those of Dolly Varden Silver. Management describes the transaction as a way to instantly add scale, liquidity, and a diversified portfolio across Alaska and British Columbia. At current market levels, the combined business is expected to approach 1 billion U.S. dollars in value with 33 million shares outstanding and a balance sheet that includes more than 100 million U.S. dollars in cash. The plan outlines a five-year path to 200,000 ounces of gold and 4 to 6 million ounces of silver annually, supported by over 100 million U.S. dollars in free cash flow each year. Why thi Show less Read more
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