Business
Contango Announces Production Results for the Quarter Ended June 30, 2025
Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) announces production results at the Peak Gold JV for the quarter ended June 30, 2025 ("Q2-2025") and provides other updates. The Company expects to release its financial results for Q2-2025 on August 13, 2025 followed by a webcast hosted by senior management on Thursday, August 14, 2025, at 1:00pm EST/10:00am PST.
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"FAIRBANKS, Alaska, July 30, 2025 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) announces production results at the Peak Gold JV for the quarter ended June 30, 2025 ("Q2-2025") and provides other updates. The Company expects to release its financial results for Q2-2025 on August 13, 2025 followed by a webcast hosted by senior management on Thursday, August 14, 2025, at 1:00pm EST/10:00am PST.","length":464,"tagName":"p"},{"type":"image","alt":"Contango ORE, Inc. Logo (CNW Group/Contango Ore)","displaySize":"","headline":null,"caption":"Contango ORE, Inc. Logo (CNW Group/Contango Ore)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/89f2a55e0a90bdb70dafca865b87ca5a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3n0h_fDu6yYFTZHQtWMF3A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/89f2a55e0a90bdb70dafca865b87ca5a","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2740745/Contango_Ore_Contango_Announces_Production_Results_for_the_Quart.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Rick Van Nieuwenhuyse, President and CEO of the Company, stated, "Production during the second quarter of 2025 continued to exceed quarterly guidance with 17,764 ounces sold and cash costs of $1,416 per ounce of gold sold and all-in-sustaining costs ("AISC") of $1,548 of gold sold, well below the 2025 target of $1,625 per ounce. During the quarter we delivered 11,900 ounces to the hedge contract using the Carry Trade, effectively reducing our hedge balance to 62,900 ounces as of the date of this release."","length":530,"tagName":"p"},{"type":"text","content":"Production Results for Q2-2025","length":30,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"2","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"Contango's Share (30% basis)","length":32,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:RIGHT;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"colspan":"1","rowsp...