Contango Ore Beats Q1 Gold Production Guidance Amid Record Prices

Junior Resource Investing

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2M ago 13:00

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In this conversation, Rick Van Nieuwenhuyse, CEO of Contango Ore, discusses the company's recent cash distribution, tonnage delivery improvements, and financial strategies amidst a turbulent macroeconomic environment. He highlights the significance of exceeding production guidance and the company's plans for accelerated debt management. Key Points: 1. Contango Ore has reported a significant cash distribution of $24 million. The company is producing 30% more gold (19,500oz vs 15-18,000oz guidance). 2. Bridge weight restrictions will also be solved via funding approvals for repairs now in place. 3. At current prices, the company forecasts over $80 million and could be debt free by EOY. 4. A PEA for the Johnson Tract project is expected soon, indicating future growth opportunities. titles

Time Stamps

00:36: Introduction to Contango Orr and Market Context

03:43: Performance Highlights and Cash Distribution

06:32: Tonnage Improvements and Operational Efficiency

09:29: Debt Management and Future Projections

12:16: Macro Market Insights and Future Outlook

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#Trading #Business #Matthew Mickleborough