Kinross on plan and on schedule to initiate permitting next quarter and advance the feasibility study for completion later in 2022.
Meanwhile, our 70/30 joint venture Manh Choh project is in good hands with operator Position, the Company is well positioned to execute on our plan to explore and develop the Lucky Shot project into a second significant asset for the Company. With the addition of Chris to our staff and our strong cash Chris also held senior positions at the Greens Creek mine when it was operated by Rio Tinto (2001-2005) and at the Fort Knox gold mine operated by Kinross (1995-2001). Chris was the former Pogo mine manager (2011-2018) when Sumitomo operated the mine and spent an additional year at Pogo during the transition when North Star took over operations inĢ018. Wealth of Alaska mine operating experience to the Company. The increase in the net income is due to the gain from the Company’s sale of 30% of Peak Gold, LLC to Kinross Gold Corporation (‘Kinross”) during the fiscal year.ĬORE President and CEO Rick Van Nieuwenhuyse said: “The Company would also like to welcome Chris Kennedy as the Lucky Shot Mine General Manager. $1.43 per basic and diluted share for the same period last year. The Company reported a net income of $23.9 million or $3.82 per basic and diluted share for the year ended Jcompared to a loss of $9.2 million or (“CORE” or the “Company”) (OTCQB: CTGO) announced today it filed its Form 10-K for the year ended Jwith the Securities and Exchange Commission. HOUSTON-(BUSINESS WIRE)-August 31, 2021-Contango ORE, Inc. (including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein). Such risks and uncertainties include, but are not limited to, factors described from time to time in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission Performance or results and involve substantial risks and uncertainties that cannot be predicted or quantified, and, consequently, the actual performance of the Company may differ materially from those expressed or implied by such forward-looking Readers are cautioned that forward-looking statements are not guarantees of future operating and financial These forward-looking statements are based on current expectations and projections about future events. Particular, they include statements relating to future actions, strategies, future operating and financial performance, ability to realize the anticipated benefits of the recent transactions with an affiliate of Kinross Gold Corporation and theĬompany’s future financial results. Many of the statements included or incorporated in this Current Report on Form 8-K and the furnished exhibit constitutes “forward-looking statements.” In As a result, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts.
Gold, LLC, a joint venture company in which the Company currently holds a 30% interest, and are based on International Financial Reporting Standards (IFRS) accounting standards and detailed information to which the Company has not had access to at In addition, certain of the non-GAAP financial measures have been prepared by Kinross Gold Corporation, the Company’s partner in, and the manager of, Peak That would be required to calculate the most directly comparable GAAP financial measures. Reconciliations of these non-GAAP financial measures are not included in the furnished presentation due to the inherent difficulty and impracticality of quantifying certain amounts United States generally accepted accounting principles, or GAAP. Numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with Generally, a non-GAAP financial measure is a The Company’s presentation furnished as Exhibit 99.2 to this Current Report contains non-GAAP financial measures.
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