Contango Silver & Gold(NYSEMKT) CTGO

Contango Silver & Gold Inc. finds gold and silver in North America. It works with partners to extract these minerals from the ground. The company then sells these precious metals to various buyers.

Digging for Precious Metals

• Manh Choh Project: 30% interest in an operating mine in Alaska that recently began production.
• Lucky Shot Property: Gold property in Alaska with an objective of producing 40,000 to 50,000 ounces of gold per year.
• Kitsault Valley Project: Silver and gold project in British Columbia that includes past-producing mines.
• Johnson Tract Project: Multi-mineral exploration site that contains gold, copper, and silver resources.

Where is the Growth?

• Completed the acquisition of Dolly Varden on March 26, 2026, to expand its silver and gold assets.
• Poured the first gold bar at the Manh Choh Project on July 8, 2024.
• Launched a 40,000-meter surface drilling program at the Kitsault Valley Project in June 2026.
• Secured FAST-41 federal permitting coverage for the Johnson Tract Project on Dec. 1, 2025.
• Mobilized a drill rig at Lucky Shot in Nov. 2025 to support future mining and transportation plans.

Partnerships and Big Lands

Contango operates using a partnership model by working with KG Mining to manage active production at its flagship projects. This strategy allows the company to focus its internal resources on exploration across its vast land holdings in Alaska and Canada.

Results by the Numbers

• Market capitalization reached $323.3 million in Q3 2026, up 163.4% year over year.
• Cash and cash equivalents totaled $89.0 million as of June 30, 2026.
• Income from the Peak Gold joint venture was $9.3 million for the three months ended June 30, 2026.
• Exploration expense reached $12.3 million for the second quarter of 2026, up from $1.0 million in the prior year.
• All-in sustaining costs on a by-product basis (non-GAAP) were $2,877 per ounce sold for the quarter ended June 30, 2026.

Bottom Line

Contango has transitioned from an exploration stage business into a producer with multiple high-grade precious metal assets. The company continues to diversify its portfolio through strategic acquisitions and partnerships with major mining operators.