Published: Jul. 11, 2024 at 8:57 AM AKDTFAIRBANKS, Alaska - Fairbanks-based mining company Contango ORE announced Wednesday that it has completed the acquisition of HighGold Mining.
In a news release, Contango CEO Rick Van Nieuwenhuyse said the acquisition makes up part of the company’s five-year plan, as it aims to reach 200,000 ounces of annual gold-equivalent production. “By developing high-grade, high-quality mines that can utilize the DSO model by transporting our ore to existing and permitted operating processing facilities, we will reduce our environmental footprint and thereby lower our permitting risk, as well as lower the overall capital requirements to achieve commercial production,” Van Nieuwenhuyse said.
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