Contango Ore Q3 net loss narrows to $9.7M; first production from Manh Choh drives cash flow

Contango Silver & Gold Inc.

2024-Q3 EPS reported -$4.67

Q3 net loss $9.7M ($0.81/share) vs loss $13.2M ($1.47/share) in Q3 2023; includes $22.9M unrealized derivative loss.
Revenue of $62.3M from 27,677 oz gold sold at avg $2,253/oz; cash costs $1,181/oz; operating cash flow positive $10.6M YTD.
Cash $36.2M at Sept 30, up from $24.1M at June 30; subsequent to quarter end, received $12M JV distribution.
Manh Choh gold production commenced July 2024; 2024 guidance 30,000-40,000 oz, CEO expects near upper end at ~38,500 oz.
Completed acquisition of HighGold Mining Inc. July 2024 for ~$33.4M in stock; Johnson Tract drilling ongoing.

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