Contango Ore Earnings Reports

Contango delivered a record $23 million in operating income and $15.9 million in net income during Q2 2025. The company sold 17,764 ounces of gold with strong realized prices and maintained low all-in sustaining costs, while reducing hedge obligations and strengthening its balance sheet.

Contango Ore, Inc. reported a net loss of $22.5 million for Q1 2025, an increase from $20.5 million in Q1 2024. Despite this, the company saw a substantial income from equity investment in Peak Gold, LLC of $22.3 million, contrasting with a loss in the prior year. Total income from operations was positive at $19.2 million. The company's cash and cash equivalents stood at $35.2 million.

Contango ORE reported a net loss of $7.9 million, or $1.09 per share, for the quarter ended March 31, 2023. The company raised $6.9 million in cash from warrant exercises and has a current cash balance of $9.5 million.

Contango ORE reported a net loss of $14.3 million, or $2.10 per share, for the quarter ended December 31, 2022, compared to a net loss of $4.9 million, or $0.72 per share, for the same period last year. The increased loss was attributed to increased exploration and development expenses.

Contango ORE, Inc. reported a net loss of $7.1 million, or ($1.05) per basic and diluted share, for the quarter ended September 30, 2022. The increased loss was attributed to increased exploration efforts at the Company’s Lucky Shot project.

Contango Ore, Inc. released its financial results for the fiscal year ended June 30, 2022.

Contango ORE reported a net loss of $(6.8) million, or $(1.01) per basic and diluted share, for the three months ended March 31, 2022, compared to a net loss of $4.5 million or $(0.73) per basic and diluted share for the same period last year.

Contango ORE, Inc. reported a net loss of $4.9 million, or $0.72 per share, for the quarter ended December 31, 2021. The company is focused on advancing its projects, including the Manh Choh deposit and Lucky Shot project.

Contango ORE, Inc. reported a net income of $23.9 million, or $3.82 per basic and diluted share, for the year ended June 30, 2021, compared to a loss of $9.2 million, or $1.43 per basic and diluted share, for the same period last year. The increase in net income is attributed to the gain from the sale of 30% of Peak Gold, LLC.

Contango ORE, Inc. reported a net loss of $4.5 million, or $0.73 per basic and diluted share, for the quarter ended March 31, 2021. The company's cash balance as of March 31, 2021 was $26.2 million.

Contango ORE reported a net loss of $(3.2) million, or $(0.53) per basic and diluted share, for the three months ended December 31, 2020. The company had cash of $31.9 million as of December 31, 2020.