Contango Silver & Gold Inc. PP&E Disclosure
Asset Type |
|
Estimated |
|
December 31, 2025 |
|
December 31, 2024 |
Mineral properties |
|
Not Depleted |
|
$50,358,809 |
|
$48,833,661 |
Land |
|
Not Depreciated |
|
87,737 |
|
87,737 |
Buildings and improvements |
|
20 - 39 |
|
1,455,546 |
|
1,455,546 |
Machinery and equipment |
|
3 - 10 |
|
544,064 |
|
420,171 |
Vehicles |
|
5 |
|
184,032 |
|
136,037 |
Computer and office equipment |
|
5 |
|
27,731 |
|
39,560 |
Furniture & fixtures |
|
5 |
|
2,270 |
|
2,270 |
Right of use asset |
|
2 |
|
86,952 |
|
86,952 |
Less: Accumulated depreciation and |
|
|
|
(559,712) |
|
(362,701) |
Less: Accumulated impairment |
|
|
|
(122,136) |
|
(122,136) |
Property & Equipment, net |
|
|
|
$52,065,293 |
|
$50,577,097 |
Mineral properties include amounts for value beyond proved and probable reserves related to mines and exploration or pre-development interests acquired by the Company which are not depleted until the mineralized material they relate to is converted to proven and probable reserves.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Sep 13, 2023 | |
| 2022 | Aug 31, 2022 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.