- Business
- HighGold Mining Inc. operates as a mineral exploration company focused on high-grade gold projects in North America, exploring for gold, copper, zinc, silver, and lead; its flagship asset is the Johnson Tract gold-zinc-copper property covering 21,000 acres in Southcentral Alaska, United States, with an indicated resource of approximately 0.75 million ounces of gold equivalent at 10.9 grams per tonne; the company also controls gold projects in the Timmins camp, Ontario, Canada, including Munro-Croesus, Golden Mile, and Timmins South properties known for high-grade mineralization. Founded in 2019 and headquartered in Vancouver, British Columbia, Canada, HighGold conducts exploration under lease agreements such as with Cook Inlet Region, Inc. for Johnson Tract, targeting polymetallic deposits amenable to direct ship ore development. In July 2024, Contango ORE, Inc. completed the acquisition of HighGold through a court-approved plan of arrangement, issuing 1,698,887 shares at an exchange ratio of 0.019 Contango shares per HighGold share for total consideration implying C$0.55 per share, making HighGold a subsidiary of Contango and integrating Johnson Tract into its Alaska gold portfolio alongside Manh Choh and Lucky Shot projects; Darwin Green, former HighGold President and CEO, joined Contango's board; HighGold shares delisted from TSX Venture Exchange on July 11, 2024, with all project information now accessible via www.contangoore.com.