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

Reuters
Nov 14, 2025
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.

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