Join Contango ORE's President & CEO Rick Van Nieuwenhuyse and CFO Michael Clark for a corporate update and discussion of the company's outlook for 2025. They will be available for questions following the presentation.
Mon, January 27, 2025 at 5:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting featured a discussion on the production results and future outlook for Contango's Moncho project, led by CEO Rick Van Duynehyze and CFO Mike Clark. Key topics included production achievements for 2024, cost adjustments, and market reactions to recent guidance changes. Key Discussion Points - Overview of 2024 production results at the Moncho project, including three batches of gold production. - Comparison of actual production (42,000 oz) against original guidance (30,000-35,000 oz). - Discussion of cost implications and adjustments in production guidance for 2025. - Market reaction to the revised production guidance and its perceived impact on share price. - Insights into investment decisions made by the CEO and chairman in light of stock valuation. - Explanation of factors affecting production, including bridge weight restrictions and gold price assumptions. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Mike Clark] : Awai...
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, good evening, depending on where in the world you're signing in from today. I really appreciate you for taking the time out to join us today. Say I'm joined by Contango Wars CEO, Rick Van Duynehyze and CFO, Mike Clark. Gentlemen, how are you today? Speaker 2: Good. Good to be back on the 6 platform again. Yeah, good to see you guys. Speaker 1: Now here's how today's gonna go. I'm gonna ask Rick and Mike a few questions, then I'm gonna open it up to questions from the live audience. So today is a interactive event. Please feel free to use the chat button at the bottom right of the screen anytime during today's presentation. I'll say that today's event is also being recorded. It will be available on both YouTube and at six.com Speaker 1: probably tomorrow morning Eastern time, Speaker 1: quite early in the day. Speaker 1: Now, Rick, before I get into the few questions that I've got, I love you could just give us a quick review and wrap up of 2024's production. Speaker 2: Sure. So we started production at our Moncho project, Speaker 2: a joint venture Speaker 2: with Ken Ross, Speaker 2: mining at Moncho, transporting the ore to the Fort Knox mill, just located outside Fairbanks Speaker 2: by a truck. Speaker 2: And we had the 1st Gold pour in July. Speaker 2: I think it was July 8th. And then Speaker 2: roughly Speaker 2: a month of processing Speaker 2: Moncho Ore in the 1st campaign or 1st batch. Speaker 2: And then a 2nd batch Speaker 2: in September and then a 3rd batch Speaker 2: in November. Speaker 2: And the 3rd batch was above plan, if you will, Speaker 2: and totally produced about 42, 000oz Speaker 2: of Gold. Speaker 2: Most of that Speaker 2: came in Speaker 2: at the end of 2024. By the end of 2024, there were a few little strag...
