Contango Ore reports $40.8M net loss for transition period; Manh Choh on track for H2 2024 production

Contango Silver & Gold Inc.

Net loss of $40.8M ($4.44 per share) for six months ended Dec 31, 2023 vs $21.4M loss ($3.15) in prior period.
Unrealized loss of $23.4M on gold hedging contracts drove higher loss; increased interest and G&A also contributed.
Manh Choh project construction complete on budget; initial production expected in H2 2024; ore mining and stockpiling started.
Closed $70M senior secured credit facility with ING/Macquarie; completed $30.4M public offering in July 2023.
Fiscal year changed from June 30 to December 31 to align with Peak Gold JV partner Kinross.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Contango Silver & Gold Inc. reported six month transition period ended December 31, 2023 results: net income net loss of $40.8 million or a loss of $4.44 per basic and diluted share.

Period: six month transition period ended December 31, 2023
Net income: net loss of $40.8 million or a loss of $4.44 per basic and diluted share
Result: reported results

Exact text from the filing

The Company reported a net loss of $40.8 million or a loss of $4.44 per basic and diluted share for the six-month period ended December 31, 2023

View on SEC.gov

Browse all earnings releases →

Contango Silver & Gold Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-067979

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.