Mining Stock Daily Contango ORE on its Record Quarter of Operation
Sep 18, 2025
Rick Van Nieuwenhuyse, CEO of Contango ORE, shares exciting updates from their Alaska mining operations. He highlights a record quarterly net income of $15.9 million, surpassing production guidance with 17,764 ounces of gold sold. The discussion dives into cost management, with cash costs at $1,416 per ounce and innovative strategies like converting mineralized waste to ore. Rick also shares insights on project development and permitting, along with a strong outlook for free cash flow as the company advances its financial position.
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Consistent Outperformance And High Throughput
- Contango ORE has exceeded production guidance for five quarters and improved costs each time.
- The mill is running at peak throughput which is driving lower milling costs and better margins.
Cut Weight And Water To Boost Yield
- Optimize logistics and remove unnecessary weight to respect bridge limits and improve ore delivery.
- Reduce moisture and improve drainage on stockpiles to increase recoverable tons and lower transport penalties.
Price Turns Waste Into Ore
- Higher gold prices convert previously classified waste into economically viable ore.
- Large mineralized waste stockpiles can extend mine life when metal prices justify processing them.