Contango Ore Posts Record Profit in Q2

Contango Ore (NYSEMKT:CTGO), an Alaska-focused gold exploration and production company, posted a record quarter in its earnings release on August 13, 2025. The company reported GAAP earnings per share (EPS) of $1.24, far above the analyst estimate of $(0.03). Net income (GAAP) reached $15.9 million, compared to a loss of $18.5 million in Q2 2024. This turnaround was powered by gold production and sales that continued to exceed quarterly guidance, benefiting from strong gold prices and cost control. Operating income also improved sharply to $23.0 million, versus a loss in the year-ago period. Contango’s results exceeded expectations on several key metrics and showed a significant strengthening in its financial position. Management described the period as a “record high net income” and noted strong progress on debt reduction and operational targets.Contango Ore primarily explores for gold and associated minerals in Alaska, with a business model built on finding and producing mineral deposits. It holds interests through direct mining claims as well as joint ventures, notably a 30 % stake in the Peak Gold joint venture (JV), which operates the Manh Choh project as its core producing asset.The company’s main goals center on maximizing gold and mineral discoveries across large land packages, developing projects through permitting and exploration, and working closely with partners. Market prices for gold, copper, and silver remain central to its potential value, with volatility in these markets posing both opportunity and risk.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool