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Contango Announces $19.3 Million in Income from Operations for the Quarter Ended March 31, 2025
- Contango ORE, Inc. filed its Form 10-Q on May 14, 2025, reporting $19.3 million income from operations for Q1-2025, covering activities in Fairbanks, Alaska.
- This followed improved operational performance and cash distributions totaling $24 million from the Peak Gold JV, compared to a net loss including derivative expenses in Q1-2024.
- In the first quarter of 2025, Contango sold a total of 17,382 ounces of gold at an all-in sustaining cost amounting to $1,374 per ounce. During this period, the company also launched the second processing campaign at the Manh Choh site and finalized a Technical Report Summary for the Johnson Tract project.
- Rick Van Nieuwenhuyse, CEO, reported that Contango delivered strong results in the first quarter of 2025, with gold output from its interest in the Manh Choh project surpassing expectations, while the company’s cash reserves increased to $35 million.
- The dismissal of a lawsuit against the Alaska DOT on May 6, 2025, potentially benefits Manh Choh operations and related trucking, while the company focuses on permitting and execution of ongoing projects.
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Contango Announces $19.3 Million in Income from Operations for the Quarter Ended March 31, 2025
FAIRBANKS, Alaska, May 14, 2025 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) announced today that it filed with the Securities and Exchange Commission its Form 10-Q for the quarter ended March 31, 2025 ("Q1-2025") compared…
·Missoula, United States
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Contango Ore posts a strong first quarter
Strong gold prices and Manh Choh production bolster unique Alaska gold producer. Contango Ore Inc. May 14 reported a strong start to 2025, thanks to above-guidance gold production from Manh Choh, lower-than-forecasted production costs, and gold prices pushing above the $3,000 per ounce threshold. "The first quarter of 2025 was very successful for the company with Contango's share of...
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Total News Sources28
Leaning Left2Leaning Right1Center18Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
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