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Contango ORE: Corporate Update and a view to 2025
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.
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Romeo Maione
VP Business Solutions at 6ix
Rick Van Nieuwenhuyse
President, CEO, & Director at Contango ORE
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 2...
Mike Clark
CFO at Contango Ore
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 Office...
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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...
Replay transcript excerpt
[Speaker identities could not be resolved; generic labels used] [00:04] 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? [00:16] Speaker 2: Good. Good to be back on the 6 platform again. Yeah, good to see you guys. [00:21] 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 [00:39] Speaker 1: probably tomorrow morning Eastern time, [00:41] Speaker 1: quite early in the day. [00:43] 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. [00:51] Speaker 2: Sure. So we started production at our Moncho project, [00:55] Speaker 2: a joint venture [00:56] Speaker 2: with Ken Ross, [00:57] Speaker 2: mining at Moncho, transporting the ore to the Fort Knox mill, just located outside Fairbanks [01:03] Speaker 2: by a truck. [01:05] Speaker 2: And we had the 1st Gold pour in July. [01:09] Speaker 2: I think it was July 8th. And then [01:11] Speaker 2: roughly [01:12] Speaker 2: a month of processing [01:14] Speaker 2: Moncho Ore in the 1st campaign or 1st batch. [01:17] Speaker 2: And then a 2nd batch [01:19] Speaker 2: in September and then a 3rd batch [01:23] Speaker 2: in November. [01:24] Speaker 2: And the 3rd ba...