Contango ORE, Inc. announced its production results for the quarter ended June 30, 2025, reporting 17,764 ounces of gold sold, which exceeded quarterly guidance. Year-to-date gold ounces sold reached 35,146 ounces.
The company achieved cash costs of $1,416 per ounce of gold sold and All-In Sustaining Costs (AISC) of $1,548 per ounce, remaining below the 2025 target of $1,625 per ounce. Contango delivered 11,900 ounces to its hedge contract using a Carry Trade, reducing the remaining hedge balance to 62,900 ounces.
Cash distributions received from the Peak Gold Joint Venture totaled $30 million in Q2 2025, bringing the year-to-date total to $54 million. The company reaffirmed its 2025 gold production guidance of 60,000 ounces and expects total cash distributions for 2025 to exceed $95 million.
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