Contango ORE reports Q2 FY2023 net loss of $14.3M, widening from $4.9M loss YoY

Contango Silver & Gold Inc.

2023-FY EPS reported -$3.15

Net loss of $14.3M ($2.10 per share) for Q2 FY2023 vs $4.9M loss ($0.72) in prior year.
Six-month loss $21.4M ($3.15 per share) vs $9.4M ($1.41) prior year; driven by Lucky Shot & Peak Gold costs.
Manh Choh project (30% owned) targeting first production H2 2024 at 225,000 GEO/year (CORE's 30% = 67,500 GEO).
Initial resource on Lucky Shot expected by end of March 2023; camp construction complete.
Company expects additional losses until commercial production begins in H2 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Contango Silver & Gold Inc. reported three months ended December 31, 2022 results: net income $(14.3) million, EPS $(2.10).

Period: three months ended December 31, 2022
Net income: $(14.3) million
EPS: $(2.10)
Result: reported results

Exact text from the filing

Contango ORE Announces Earnings For Quarter Ended December 31, 2022 HOUSTON--(BUSINESS WIRE)--February 6, 2023--Contango ORE, Inc. (“CORE” or the “Company”) (NYSE American: CTGO) announced that it had a net loss of $(14.3) million, or $(2.10) per basic and diluted share, for the three months ended December 31, 2022 compared to a net loss of ($4.9) million or $(0.72) per basic and diluted share for the same period last year.

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Contango Silver & Gold Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-000175

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