Contango Q1 FY26 adjusted net income drops to $4.7 million; net loss narrows to $14.3 million

Contango Silver & Gold Inc.

Contango Silver & Gold Inc.

CTGO

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  • Contango Silver & Gold posted a net loss of $14.3 million for Q1 2026, narrowing from a $22.5 million loss a year earlier.
  • Operating income fell to $4.8 million from $19.3 million in Q1 2025, while loss on derivative contracts narrowed to $19 million from $40.5 million.
  • Unrestricted cash rose to US$97.5 million at March 31, 2026 from US$64.8 million at Dec. 31, 2025; debt dropped to $13.6 million after $1 million of principal repayments.
  • Manh Choh attributable gold sold totaled 8,012 ounces in Q1; cash distribution from Peak Gold JV totaled $9 million.
  • 2026 guidance maintained at 40,000-45,000 ounces of gold production, with 2027 output forecast at 75,000-80,000 ounces and cash costs of $1,200-$1,300 per ounce sold.


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