Contango ORE Inc. reports $25 million income from operations and $107 million cash for Q3 2025

Reuters

2025/11/14

Contango ORE Inc. reports $25 million income from operations and $107 million cash for Q3 2025

Contango ORE Inc. reported income from operations of $25.0 million for the quarter ended September 30, 2025, up from $22.7 million in the same period of 2024. Adjusted net income was $24.9 million compared to $19.1 million for the prior year quarter. The company posted a net loss of $5.4 million, improved from a net loss of $9.7 million in Q3 2024, both figures including a non-cash unrealized loss on derivative contracts. Cash position at quarter end was $107.0 million. During the quarter, Contango sold 16,669 ounces of gold with cash costs per ounce sold of $1,402 and all-in-sustaining costs per ounce sold of $1,597, both below the 2025 target. The company expects its fourth campaign of 2025 to yield between 6,000 and 8,000 gold ounces for its 30% share of production, with an additional 1,300 ounces from a test batch to be added in the next reporting period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Contango ORE Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: VA24388) on November 13, 2025, and is solely responsible for the information contained therein.

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Adjusted net income was $24.9 million compared to $19.1 million for the prior year quarter. The company posted a net loss of $5.4 million, improved from a net loss of $9.7 million in Q3 2024, both figures including a non-cash unrealized loss on derivative contracts. Cash position at quarter end was $107.0 million. During the quarter, Contango sold 16,669 ounces of gold with cash costs per ounce sold of $1,402 and all-in-sustaining costs per ounce sold of $1,597, both below the 2025 target. The company expects its fourth campaign of 2025 to yield between 6,000 and 8,000 gold ounces for its 30% share of production, with an additional 1,300 ounces from a test batch to be added in the next reporting period.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Contango ORE Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: VA24388) on November 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251113:nNDL28CLk4:1","article_id":"2583510823","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583510823","pubTimestamp":1763071266,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Contango ORE Inc. reported income from operations of $25.0 million for the quarter ended September 30, 2025, up from $22.7 million in the same period of 2024. 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