Contango Silver & Gold — Q3 2026 Earnings Summary

Contango Silver & Gold reported a net loss of $23.0 million for the third quarter of 2026, driven primarily by increased exploration expenditures and lower income from its Peak Gold Joint Venture. The company's Manh Choh mine transitioned from the north pit to the south pit, resulting in reduced gold production for the quarter but improved mill recovery rates to 86.5%. Contango received a $6 million cash distribution from the JV in October and expects to complete its 2026 production guidance of 40,000 gold equivalent ounces with the fourth campaign. Additionally, the company advanced permitting and drilling at its Kitsault Valley, Johnson Tract, and Lucky Shot projects while repaying debt and eliminating most hedge delivery obligations.