Earnings ·
Contango Silver & Gold Inc. reported Q2 2026 financial results and operational updates for the quarter ended June 30…
CTGOContango Silver & Gold Inc.
Contango Silver & Gold Inc. reported Q2 2026 financial results and operational updates for the quarter ended June 30, 2026. The company generated $4.8 million in net income ($0.14 per diluted share) compared to a loss from operations of $8.5 million. Cash reserves increased to $89.0 million from $64.8 million at year-end 2025, supported by a $9.0 million distribution from the Peak Gold joint venture. The company fully liquidated its gold hedge book and amended its credit facility, increasing secured debt to $46.3 million while extinguishing long-term liabilities for the Lucky Shot project. Manh Choh production totaled 8,627 gold ounces and 10,319 silver ounces on a 30% basis. The company reaffirmed 2026 guidance of 40,000 to 45,000 gold equivalent ounces and provided 2027 guidance of 75,000 to 80,000 ounces at cash costs of $1,200 to $1,300 per ounce. Contango Silver & Gold Inc. is a precious metals mining company focused on the exploration and development of gold and silver assets in Alaska and British Columbia.