Contango ORE, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 13, 2025
CTGO$16.55+6.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statements (Unaudited)
Item 1 - Financial Statements
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $36,454,652 | $20,058,477 |
| Restricted cash | 105,138 | 257,045 |
| Prepaid expenses and other | 849,332 | 1,114,522 |
| Income taxes receivable | 649,126 | 649,125 |
| Inventory | 803,824 | — |
| Total current assets | 38,862,072 | 22,079,169 |
| LONG-TERM ASSETS: | ||
| Investment in Peak Gold, LLC | 56,169,840 | 60,523,622 |
| Property & equipment, net | 50,482,571 | 50,577,097 |
| Marketable securities | 7,623,200 | 712,375 |
| Total long-term assets | 114,275,611 | 111,813,094 |
| TOTAL ASSETS | $153,137,683 | $133,892,263 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $2,489,442 | $418,836 |
| Accrued liabilities | 1,559,457 | 2,803,598 |
| Royalty reimbursement advance | 828,107 | 855,548 |
| Derivative contract liability | 59,731,655 | 29,076,582 |
| Debt, current portion | 17,500,000 | 42,600,000 |
| Total current liabilities | 82,108,661 | 75,754,564 |
| NON-CURRENT LIABILITIES: | ||
| Royalty reimbursement advance | — | 217,086 |
| Asset retirement obligations | 255,769 | 255,769 |
| Contingent consideration liability | 1,100,480 | 1,100,480 |
| Derivative contract liability | 40,542,862 | 28,615,525 |
| Debt non-current portion, net | 31,043,063 | 26,369,199 |
| Deferred tax liability | 478,225 | 306,995 |
| Total non-current liabilities | 73,420,399 | 56,865,054 |
| TOTAL LIABILITIES | 155,529,060 | 132,619,618 |
| COMMITMENTS AND CONTINGENCIES (NOTE 11) | ||
| STOCKHOLDERS’ EQUITY/(DEFICIT): | ||
| Preferred Stock, 15,000,000 shares authorized | — | — |
| Common Stock, $0.01 par value, 45,000,000 shares authorized; 12,635,843shares issued and 12,633,363 shares outstanding as of June 30, 2025; 12,230,959 shares issued and 12,228,479 shares outstanding as of December 31, 2024 | 126,357 | 122,308 |
| Additional paid-in capital | 181,226,171 | 178,270,782 |
| Treasury stock at cost (2,480 at June 30, 2025; and 2,480 shares at December 31, 2024) | (48,308) | (48,308) |
| Accumulated deficit | (183,695,597) | (177,072,137) |
| TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT) | (2,391,377) | 1,272,645 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | $153,137,683 | $133,892,263 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.