Contango ORE has outlined a five-year strategy to increase attributable production from approximately 60,000 ounces of gold to 200,000 ounces of gold and 5 million ounces of silver.
The company plans to fund the expansion with cash flow from its 30% interest in the Manh Choh mine, aiming to avoid shareholder dilution.
Growth is expected to come mainly from advancing the Johnson Tract and Kitsault development projects. Lucky Shot is positioned as an intermediate-term source of production to bridge the expansion.
Manh Choh’s output is guided to dip in 2026 during a mine transition. It is projected to rebound to between 75,000 and 80,000 ounces in 2027, supporting the long-term plan.