Contango Silver & Gold Inc.

Listed Company

CTGOCIK 0001502377NYSENon-AcceleratedSmaller ReportingGold And Silver OresDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-36.09M

Total Assets

$171.95M

Equity

$25.10M

Shares Out

16.82M

Op. Cash Flow

$25.70M

Business

Contango ORE, Inc. engages in exploration and development of gold ore and associated minerals in Alaska. The company’s primary activities include owning membership interests in mining ventures and holding exploration leases and mining claims for project development and exploration services. Key business segments include its 30% interest in the Peak Gold JV (Manh Choh Project), Contango Mining Canada/Hig hGold/JT Mining (Johnson Tract), Contango Lucky Shot Alaska (Lucky Shot), Contango Minerals (Minerals Property) and Avidian Gold Alaska (Avidian Properties). The company operates and distributes exploration and development efforts across Alaska through joint ventures, leases from Native corporations and state claim holdings.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2022 2022-06-30
Claim rental expense	−463,949	−589,461	−508,024	−526,279	−621,298
Exploration expense	−6	−4	−3	−8	−9
Depreciation expense	−140,729	−121,876	−120,693	−136,501	−55,740
Accretion expense	0	−9,542	−12,170	−11,860	−9,156
General and administrative expense	−13	−11	−11	−9	−10
Total expenses	−20	−15	−15	−18	−20
Income (loss) from equity investment in Peak Gold, LLC	89	42	−18	−21	−4
Total income from operations	69	26	−33	−39	—
Interest and other income	2	480,235	—	—	—
Interest and finance expense	−8	−12	−3	−2	−330,047
Loss on derivative contracts	−109	−54	−23	0	—
Gain on metal sales	5	1	0	0	—
Gain/(loss) on marketable securities	5	−199,018	—	—	—
Total other income/(expense)	−105	−64	−26	−969,559	−4
Loss before income taxes	−36	−38	−59	−40	−24
Income tax (expense) / benefit	−303,240	83,401	0	0	119,731
NET LOSS	−36	−38	−59	−40	−24
Net loss per share, basic	−2.8	−3.49	−7.14	−5.61	−3.49
Net loss per share, diluted	−2.8	−3.49	−7.14	−5.61	−3.49
Weighted average number of shares outstanding, basic	13	11	8	7	7
Weighted average number of shares outstanding, diluted	13	11	8	7	7

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2022 2022-06-30
Cash and cash equivalents	65	20	16	12	23
Restricted cash	100,000	300,000	200,000	231,000	231,000
Prepaid expenses and other	3	1	1	413,907	453,353
Income taxes receivable	106,244	649,125	0	—	0
Total current assets	68	22	17	12	24
Investment in Peak Gold, LLC	47	61	28	0	0
Property & equipment, net	52	51	13	13	14
Marketable securities	4	712,375	0	—	—
Total long-term assets	104	112	42	13	14
TOTAL ASSETS	172	134	59	26	37
Accounts payable	1	418,836	250,739	220,755	633,856
Accrued liabilities	4	3	2	2	870,981
Royalty reimbursement advance	488,045	855,548	—	—	—
Derivative contract liability	66	29	3	—	—
Debt, current portion	4	43	8	—	—
Total current liabilities	76	76	13	2	2
Royalty reimbursement advance	0	217,086	—	—	—
Asset retirement obligations	123,444	255,769	246,227	239,942	228,082
Contingent consideration liability	3	1	1	1	2
Derivative contract liability	37	29	21	—	—
Debt non-current portion, net	30	26	37	25	19
Deferred tax liability	617,353	306,995	0	—	—
Total non-current liabilities	71	57	60	28	23
TOTAL LIABILITIES	147	133	73	30	24
COMMITMENTS AND CONTINGENCIES (NOTES 8 and 12)	—	—	—	—	—
Preferred Stock, 15,000,000 shares authorized	—	—	0	0	0
Common Stock, $0.01 par value, 45,000,000 shares authorized; 14,968,929 shares issued and 14,966,449 shares outstanding as of December 31, 2025; 12,230,959 shares issued and 12,228,479 shares outstanding as of December 31, 2024	149,687	122,308	94,542	77,817	68,604
Additional paid-in capital	238	178	124	93	74
Treasury stock at cost (2,480 at December 31, 2025; and 2,480 shares at December 31, 2024)	−48,308	−48,308	−48,308	0	−2
Accumulated deficit	−213	−177	−139	−98	−59
TOTAL STOCKHOLDERS' EQUITY	25	1	−15	−5	13
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	172	134	59	26	37

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2022 2022-06-30
Stock-based compensation	3	3	3	3	4
Depreciation expense	140,729	121,876	120,693	136,501	55,740
Non-cash portion for lease expense	47,529	180	0	0	—
Cash distribution from Peak Gold, LLC	102	41	0	0	—
Unrealized loss from derivative contracts	46	34	23	0	—
Unrealized (gain)/loss from marketable securities	−4	199,018	—	—	—
Realized gain from marketable securities	−728,600	0	—	—	—
Interest expense paid in stock	466,610	400,048	605,518	438,877	0
Amortization of debt discount and debt issuance fees	2	4	253,729	190,358	34,675
Drawdown of Silver Royalty	−584,589	−127,366	0	0	—
Deferred tax expense/(benefit)	310,358	−90,511	0	0	—
(Increase)/decrease in prepaid expenses and other	71,572	339,627	−296,314	39,446	176,914
Increase/(decrease) in accounts payable and accrued liabilities	449,730	−1	1	793,788	1
Decrease/(increase) in income taxes receivable	542,882	−649,125	—	—	—
Net cash provided by (used in) operating activities	26	698,987	−14	−15	−14
Cash invested in Peak Gold, LLC	0	−31	−46	−21	−4
Proceeds from the sale of marketable securities	1	0	—	—	—
Cash consideration paid for Avidian Alaska Acquisition	−350,000	−815,613	—	−719	−12
Acquisition of property and equipment	−162,492	−23,667	—	—	—
Net cash provided by/(used in) investing activities	513,182	−32	−46	−21	−15
Cash proceeds from debt	0	30	28	8	20
Principal repayments on debt	−38	−8	0	0	—
Cash proceeds from common stock and warrant issuance, net	57	15	35	12	—
Shares repurchased for tax withholdings on share-based awards	−659,279	0	—	—	—
Debt issuance costs	0	−2	−3	−2	−164,682
Net cash provided by financing activities	18	36	67	24	17
NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	45	5	7	−11	−12
Total income tax paid, net of received	−550,000	656,235	0	0	218,546
Interest expense	4	7	2	1	0
Commitment fee derecognized and added to debt discount	0	787,306	0	0	—
Shares issued for acquisitions	207,945	35	0	0	—
Change in estimate in contingent consideration liability	2	0	—	—	—
Capitalized deferred acquisition costs	2	0	—	—	—
Consideration payable for Avidian acquisition	0	557,945	0	0	—
Accrued transaction costs for HighGold acquisition	0	21,919	0	0	—
Total non-cash investing and financing activities	4	37	0	0	3

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro