Contango Announces Results for the Quarter Ended March 31, 2026
Contango Silver and Gold Inc. reported a net loss of $14.3 million or $0.83 per fully diluted share for Q1-2026, compared to a net loss of $22.5 million or $1.88 per fully diluted share for Q1-2025. The company's cash and cash equivalents position increased to $97.5 million as of March 31, 2026, from $64.8 million as of December 31, 2025, driven by a $50 million equity offering and reduced debt. Contango's share of production from the Manh Choh mine totaled 8,012 ounces of gold and 15,042 ounces of silver, with a cash distribution of $9 million from the Peak Gold JV.
Key figures
- Eps Beat
- 0
- Revenue
- 0
- Guidance
- 2026 guidance: 40,000 to 45,000 ounces of gold production; 2027 guidance: 75,000 to 80,000 ounces of gold production with cash costs of $1,200 to $1,300 per ounce sold and all-in sustaining costs of $1,300 to $1,400 per ounce sold
- Revenue Yoy
- 0
- Net loss
- 14305590
- Cash on hand
- 97500000
- Debt balance
- 13600000
- Gold oz sold
- 8012
- Gold recovery
- 88.5
- Silver oz sold
- 15042
- Gold oz produced
- 8067
- Total gold sales
- 38932736
- Total silver sales
- 1258389
- Adjusted net income
- 4720792
- Gold grade processed
- 0.131
- Principal debt repayments
- 1000000
- Remaining hedge contracts
- 22000
- Loss on derivative contracts
- 19026382
- Average realized spot gold price
- 4935
- Total gold equivalent oz produced
- 8378
- Cash distribution from peak gold jv
- 9000000
- Cash provided by financing activities
- 51400000
- Cash provided by investing activities
- 30800000
AI analysis
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