Join Rick Van Nieuwenhuyse, President and CEO, and Michael Clark, Chief Financial Officer, as they 2024 review year end financials for Contango ORE. They will be available for Q&A following their presentation.
Mon, March 17, 2025 at 4:30 PMendedReplay
Investor webinar replay
Meeting Overview The meeting provided a corporate update and Q&A session regarding Contango's 2024 earnings, highlighting production achievements and financial projections. Key speakers included CEO Rick Van Nuenhuysen and CFO Mike Clark, who discussed operational successes and future goals. Key Discussion Points - Overview of 2024 production results, including exceeding gold production guidance by over 25%. - Discussion on cash costs and operational efficiencies achieved during the year. - Plans for 2025 production, including projected goals and strategies for debt repayment. - Insights into the company's hedging strategy and its impact on future cash flows. - Financial performance metrics, including debt levels and anticipated reductions. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Prepare a detailed report on the 2024 financial results to be shared with stakeholders. - [Unassigned] : Follow up on audience questions that were not add...
Mr. Van Nieuwenhuyse was appointed to serve as President, Chief Executive Officer, and director of the Company effective January 6, 2020. He previously served as President and Chief Executive Officer of Trilogy Metals Inc. from January 2012 until December 2019. Between May 1999 and January of 2012, he served as the President and Chief Executive Officer of NOVAGOLD, Inc, a company that he founded. He served as the Vice President of Exploration for Placer Dome from 1990 to 1997. Mr. Van Nieuwenhuyse holds a Candidature degree in Science from Université de Louvain, Belgium and a Master of Science degree in Geology from the University of Arizona. Mr. Van Nieuwenhuyse currently serves on the board of directors of Alexco Resource Corp. He served on the board of directors of Sandfire Resources America, Inc. (formerly, Tintina Resources Inc.) from 2008 until 2016. Mr. Van Nieuwenhuyse has over forty years of experience in the minerals mining industry and brings significant industry and technical knowledge to the Company.
Mr. Clark was appointed to serve as Executive Vice President - Finance of the Company, effective July 11, 2023. He was then appointed as Chief Financial Officer & Corporate Secretary, effective January 1, 2024. He previously served as Chief Financial Officer and Corporate Secretary for Alexco Resource Corp. from December 2014 to September 2022 at which time Alexco Resource Corp was acquired by Hecla Mining Company. Between 2010 and 2014, Mr. Clark served as Chief Financial Officer of Goldgroup Mining Inc. and from 2007 to 2010 Mr. Clark served as Chief Financial Officer for the Grosso Group and its member companies. Mr. Clark received an undergraduate degree from the British Columbia Institute of Technology and is a Canadian Qualified Chartered Professional Accountant. Between 2016 and 2020, Mr. Clark also served on the Board of Trustees for the Burnaby Hospital Foundation as Chair of the Finance Committee.
Replay transcript excerpt
Speaker 1: Good afternoon or good morning, depending on where you're logging in from today. I saw some early rising Australians on the list. So thank you very much for joining us. Appreciate particularly everybody joining us on St. Patrick's Day for a corporate update and Q&A session from Contango or related to this morning's press release regarding 2024 earnings. I'm joined today by company's president and CEO, Rick Van Nuenhuysen and CFO, Mike Clark. Gentlemen, thank you for joining me. Speaker 1: Good to see you again, Romeo. Awesome. So here's how today's going to work for the folks in the room. I'm 1st going to throw it to Rick for a quick rundown of today's news. Then I've got some questions I'll be posing to both speakers. After that, we are eager to take questions from the audience. This is an interactive event. Please use that chat button on the bottom right of your screen. If for whatever reason we don't get to your question today, or if it's been covered in a previous event, et cetera. All good, I'm gonna send that chat transcript to the Contango team, they'll get back to you as soon as possible. Speaker 1: Last piece of housekeeping, today's event is also being recorded and will be available probably late this afternoon Speaker 1: on both six.com and also our YouTube channel. That's enough out of me, I'm gonna throw it to Rick to get to the protein of today's events. Speaker 2: Thanks, Romeo. And thanks, everybody, for joining us on St. Patrick's Day. Speaker 2: We put out our annual Speaker 2: one-year Speaker 2: news release on Speaker 2: our activities for the year, for 2024. Speaker 2: It's been a good year, I think. We produced more Gold than we had planned originally and Speaker 2: our cash costs came in Speaker 2: just a slight bit over Speaker 2: ...
