Education
About Us
Working with TipRanks
Follow Us
Contango ORE (CTGO)
:CTGO
Earnings Data
Report Date
Feb 06, 2026TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
1.36Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: 38.91%
|Next Earnings Date:Feb 06, 2026
Earnings Call Sentiment|Neutral
The earnings call presented a strong operational performance with increased gold production and effective debt reduction, alongside strategic hedge management. However, the financial results were impacted by a net loss due to unrealized hedge losses and anticipated increases in costs. While the highlights indicate significant achievements, the lowlights reflect ongoing financial management challenges.Company Guidance
In the recent call discussing Contango Ore's Q1 financials for the fiscal year 2025, several key metrics and guidance updates were provided. The company reported a net loss of $22.5 million, which included an unrealized loss of $40.5 million related to hedge contracts. Despite this, they recorded $19 million in income from operations, primarily driven by $22.3 million in equity income from the Peak Gold JV. During the quarter, Manh Choh operations sold over 17,000 ounces of gold with an all-in sustaining cost (ASIC) of $1,374 per ounce, outperforming the guidance of $1,625 due to incremental improvements in operations. The guidance for 2025 remains at 60,000 ounces of gold with an anticipated ASIC increase later in the year. The company ended the quarter with $35 million in cash and $900,000 in marketable securities, which subsequently rose to $4 million. Additionally, principal repayments on debt reduced the facility balance to $30 million. Plans for the remainder of the year include further debt reduction and exploration programs, with expectations to end the year with a $15 million facility balance. The call also highlighted ongoing improvements in operations and the strategic handling of hedge obligations.Strong Gold Production
The company sold over 17,000 ounces of gold with another 3,800 ounces in recoverable inventory, achieving a production level 30% higher than planned for Q1.
Improved Cash Position and Debt Reduction
Contango ended the quarter with $35 million in cash, made principal repayments of $13.8 million, and further reduced the facility balance to $30 million, with plans to reduce it to $15 million by year-end.
Successful Hedge Management
The company effectively managed its hedges through a carry trade, maintaining a balance of 71,000 ounces as of the call and plans to finish the year with about 43,000 ounces in hedges.
Dismissal of Lawsuit
A lawsuit by Citizens for Safe Communities was dismissed, benefiting both the Manh Choh project and mining operations in Alaska in general.
Johnson Tract NPV and Development
The Johnson Tract project boasts an impressive NPV of over $400 million at current gold prices, with plans underway for permitting an underground access tunnel.
CTGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CTGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $12.85 | $15.00 | +16.73% |
Mar 17, 2025 | $9.49 | $10.66 | +12.33% |
Nov 14, 2024 | $18.02 | $17.87 | -0.83% |
Aug 13, 2024 | $19.73 | $18.84 | -4.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Contango ORE (CTGO) report earnings?
Contango ORE (CTGO) is schdueled to report earning on Feb 06, 2026, TBA Not Confirmed.
What is Contango ORE (CTGO) earnings time?
Contango ORE (CTGO) earnings time is at Feb 06, 2026, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTGO EPS forecast?
Currently, no data Available