Replay available
Contango ORE - Q3 Update
Join CEO Rick van Nieuwenhuyse and CFO Mike Clark for an update on Q3's production. After a brief interview, the executives will be available for live questions.
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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...
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...
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Kyle Stewart
Host at 6ix
Investor webinar replay
Meeting Overview The meeting focused on Contango Aura's Q3 financial reporting, highlighting record operating income and effective cost management. Key discussions included capital allocation strategies, production performance, and the potential for processing low-grade ore. Key Discussion Points - Record operating income of $25 million for Q3. - ASIC (All-in Sustaining Costs) maintained below the target at $1597 per ounce. - Factors contributing to cost management included stable diesel prices and effective mine planning. - Significant increase in cash position from $20 million to $107 million. - Strategic focus on paying off hedges and debt, with production consistently ahead of schedule. - Introduction of adjusted net income to clarify financial performance amidst derivative hedge losses. - Successful test batch blending of low-grade oxide ore with Fort Knox ore achieving a 94% recovery. - Discussion on the implications of the test results for processing additional low-grade mate...
Replay transcript excerpt
[Speaker identities could not be resolved; generic labels used] [00:03] Speaker 1: I'll say good morning, good afternoon, or good evening, wherever you're tuning in from today. I personally am joined live at the Deutsch Goldmess in Frankfurt, Germany by Contango Aura CEO, Rick Van Nueniza, and CFO Mike Clark to discuss Contango's Q3 reporting. Gentlemen, how are you? [00:17] Speaker 2: Good to see you here in Frankfurt, Romeo. [00:21] Speaker 1: Awesome, and I wish we were in the same room, but we're several feet away just because of the practicalities of Movie Magic on webinars. But here's how today's going to work just for the folks in the room. I've got a number of questions to go through, just eager to get into these pretty, pretty great Q3 [00:35] Speaker 1: reports [00:36] Speaker 1: and then I'm eager to take questions from the live audience. So if there's any questions that you've got during today's event, there's a chat button in the bottom right of your screen. Please jump in at any time. Anything I don't get to, we're going to be a pretty short event today. But any questions I don't get to, I'll be sure to get to both Rick and Mike and the Contango team afterwards, and they'll be able to get back to you as quickly as possible. I wanted to jump right into the protein as quickly as I can. Rick, [01:00] Speaker 1: Obviously looking at a record operating income of 25 million this quarter, [01:04] Speaker 1: while I think almost as impressively or more impressively maintaining ASIC below that 1625 target at 1597 [01:11] Speaker 1: per ounce. [01:12] Speaker 1: So 2 comments and a question. 1st, geez, that's a lot of money, Congratulations. [01:17] Speaker 1: And what's kept ASIC in check? [01:20] Speaker 2: Well, I think that is [01:22] Speaker 2: a lot of mone...