Contact Gold Corp.

Contact Gold Corp.

CGOLF
Contact Gold Corp.US flagOther OTC
0.03
USD
+0.00
- -
9.16MMarket Cap
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Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Matthew Oliver Lennox-King B.
Full Time Employees
5
Sector
Basic Materials
Industry
Gold
Address
400 Burrard Street Vancouver BC Canada V6C 3A6
IPO Date
May 29, 2018
Business
Contact Gold Corp. (TSX-V: C; OTCQB: CGOLF) is a Canada-based gold exploration company focused on acquiring, exploring, and evaluating mineral properties in Nevada, United States, primarily targeting district-scale gold discoveries along the prolific Carlin Trend, Independence Trend, and Northern Nevada Rift. Incorporated in 2017 and headquartered at 1050-400 Burrard Street, Vancouver, British Columbia, the company holds approximately 117 square kilometers of mineral tenure, encompassing key projects such as the 100%-owned Pony Creek property in Elko County; Green Springs in the southern Carlin Trend, which includes three past-producing open pits and is subject to a 70% earn-in agreement with Centerra Gold Inc. through a $10 million exploration program; and South Carlin projects including North Star and Dixie Flats properties. Its operations concentrate on the United States, with a workforce of five employees dedicated to brownfield exploration and resource definition in gold-rich districts hosting numerous mines and deposits. In April 2024, Contact Gold was acquired by Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) through a court-approved plan of arrangement, under which Orla acquired all outstanding common shares, making Contact a wholly-owned subsidiary; former shareholders received 0.0063 Orla shares per Contact share, leading to delisting from the TSX Venture Exchange. Orla has integrated Pony Creek into its exploration portfolio adjacent to the South Railroad project, boosting the 2024 exploration budget by $3 million to $14 million at South Railroad while advancing work on Green Springs. This transaction enhances Orla's Nevada land position in the Carlin Trend, with no further standalone activities reported for Contact Gold post-acquisition.

Company News

APIChatGPT
  • Contact Gold options its Green Springs gold project to Centerra

  • Contact Gold Announces $3 Million Non-Brokered Private Placement Financing

  • Contact Gold Drills 0.7 g/t Gold over 16.7 Metres Beneath the Mine Trend at the Green Springs Project, Nevada

  • Contact Gold Reports Q2 2021 Financial and Operating Results