Q2 2025 Contango ORE Inc Earnings Call Transcript

Aug 14, 2025 / 05:00 PM GMT

Transcript 8-K10-Q

Key Points

Positve

Contango Ore Inc (CTGO) reported a significant turnaround from a $2.1 million operating loss in Q2 of last year to a $23 million operating income this quarter.
The company achieved a net income of $15.9 million, a substantial improvement from a net loss of $18.5 million in the same quarter last year.
Cash costs for the quarter were well under guidance, with all-in sustaining costs also coming in below expectations.
The company is successfully managing its debt, having paid down $29 million so far this year.
Contango Ore Inc (CTGO) is maintaining a high recovery rate of 92-93% from its mining operations, which is considered very respectable in the industry.

Negative

The Lucky Shot project is still on hold, with no clear timeline for resumption.
There is an ongoing lawsuit related to the Johnson Track project, which could pose future operational risks.
The company is still heavily reliant on hedging strategies, which limits its exposure to potential gold price increases.
Operational costs are expected to rise in Q4 due to planned capital expenditures, including truck replacements.
The company has not yet provided guidance on 2026 production, leaving some uncertainty about future operational plans.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTGO.A - Contango ORE Inc
Q2 2025 Contango ORE Inc Earnings Call
Aug 14, 2025 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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In the world you're signing in from, I thought today we got all the way from Alaska to Australia, so I'm happy to say the sun never sets on this webinar, which is always nice. I've got with me today Rick Van Nuna is CEO of Conteno or, and the company's CFO, Mike Clark. Gentlemen, how are you today?

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Unidentified_2 [2]
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Good morning, Roy. How you doing?

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Unidentified_1 [3]
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Good. So

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