Contango Update on Manh Choh Third Campaign Production Results
Join Rick Van Nieuwenhuyse, President & CEO, and Mike Clark, CFO of Contango ORE, as they provide further insight into the recently announced third campaign production results. Following the brief update, they will be available for questions.
Fri, October 3, 2025 at 12:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting involved a discussion about production updates and operational strategies at Contango Or, led by CEO Rick Van Doornhuis and CFO Mike Clark. Key topics included production guidance, economic strategies for processing lower-grade ore, and the dismissal of a lawsuit that could impact project operations. Key Discussion Points - Production updates indicating consistent outperformance against guidance, with over 17,000 ounces produced. - Discussion on the conservative nature of production guidance provided by Ken Ross, the operator of the Montreux project. - Economic analysis of blending Moncho and Fort Knox ores to improve cost efficiency and potentially increase mine life. - The dismissal of a lawsuit by the village of Dot Lake, which was seen as a nuisance rather than a significant operational hindrance. - Sensitivity analysis on cash distributions based on fluctuations in gold prices, with a focus on operational leverage. - Variability in head grades and s...
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, good evening, depending on where in the world you're signing in from. I've got with me today, Rick Van Doornhuis, CEO of Contango Or, and the company's CFO, Mike Clark. Gentlemen, how are you today? Speaker 2: Good morning, Romeo. Speaker 2: Morning. Speaker 1: Evening for me, but we're at opposite ends of the world today, I think, so there you go. Speaker 1: So here's how today's going to work. I think a lot of you in the crowd are familiar with this process, but bear with me for a couple seconds. Speaker 1: It is, of course, an interactive event. So in the bottom right of your screen, you can use the chat button at any time during today's event. I've already got some of the questions that came in over email, so I'll be sure to address those as soon as I'm through the questions that I've got, both Mike and Rick. Today's event is also being recorded and will be available probably at about 2 or 3 in the afternoon Eastern time at the latest, so you can expect it to pop right in your inbox. It'll also be on Six's YouTube channel, Speaker 1: and then future it'll be on Contengo Wars' YouTube and also their website. Let me get right into the meat of today's events, because we did have some production updates from Moncho. I'll say, Rick, this marks the 3rd consecutive campaign where you've exceeded the original 15, 000 ounce guidance. This time delivering just over 17, 000 ounces. So I'm curious, do you still think this year is going to conclude in line with guidance or does this, at this point, consistent outperformance suggest the original guidance might have been too conservative? Speaker 2: Yeah, I mean, you know, Speaker 2: Our guidance comes from Speaker 2: Ken Ross, the manager and operator of the Montreux project. S...
