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.
Fri, November 14, 2025 at 11:30 AMendedReplay
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...
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.
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.
Replay transcript excerpt
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? Speaker 2: Good to see you here in Frankfurt, Romeo. 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 Speaker 1: reports 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, Speaker 1: Obviously looking at a record operating income of 25 million this quarter, Speaker 1: while I think almost as impressively or more impressively maintaining ASIC below that 1625 target at 1597 Speaker 1: per ounce. Speaker 1: So 2 comments and a question. 1st, geez, that's a lot of money, Congratulations. Speaker 1: And what's kept ASIC in check? Speaker 2: Well, I think that is Speaker 2: a lot of money. It's record for us. That was your Q3 Speaker 2: production level was above plan by about 2000 ounces. Speaker 2: And importantly, the ASIC Speaker 2: is comi...
