Every 10-Q that CONTANGO SILVER & GOLD INC (CTGO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CTGO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CTGO filings page.
Contango Silver & Gold Inc. reported mixed results for the quarter ended June 30, 2026, highlighted by a transformative acquisition and heavy hedging activity. The company closed the Dolly Varden Silver asset acquisition, recording $264.4 million of consideration, which added $287.6 million of property and equipment and $36.0 million of cash, driving total assets up to $496.8 million from $172.0 million at year-end 2025.
For the quarter, Contango generated net income of $4.8 million versus $15.9 million a year earlier, while for the six months it recorded a net loss of $9.5 million. Operating cash flow swung to an outflow of $50.3 million, largely due to $50.9 million of cash settlements on gold derivative contracts, partly offset by $18.0 million of distributions from the Peak Gold joint venture and equity proceeds, including a $50.0 million underwritten offering and $8.6 million from the at‑the‑market program. Cash and cash equivalents were $89.0 million, with working capital of $5.7 million. The fair value of current derivative liabilities declined to $61.5 million from $103.7 million, reflecting favorable mark‑to‑market movements on gold hedges.
Contango Silver & Gold Inc. reported a smaller net loss while transforming its asset base in the quarter ended March 31, 2026. The company recorded a net loss of $14.3 million, or $0.83 per share, compared with a loss of $22.5 million, helped by lower derivative losses and continued income from its 30% interest in the Peak Gold joint venture, which contributed $12.8 million of equity income.
Total assets rose sharply to $496.2 million from $172.0 million, driven mainly by the Dolly Varden asset acquisition, which added approximately $287.6 million of property and equipment and $36.0 million of cash in exchange for Contango shares, exchangeable shares, and replacement options valued at about $264.4 million. Cash and cash equivalents increased to $97.5 million, supported by a $50.0 million underwritten equity offering, $5.4 million raised under the ATM program, and $9.0 million of distributions from the Peak Gold JV.
Contango ended the quarter with working capital of $21.9 million, total debt of $33.0 million, and a sizeable gold hedge and options position recorded as a net derivative liability of $71.8 million. Management believes current liquidity, expected JV distributions, and access to equity markets are sufficient to fund planned exploration and obligations, while acknowledging exposure to metal prices, hedge outcomes, and financing conditions.
Contango ORE, Inc. (CTGO) reported third‑quarter results reflecting strong contributions from its Peak Gold JV alongside hedge‑related losses. For the quarter ended September 30, 2025, the company recorded a net loss of $5.39 million (basic and diluted loss per share $0.44). Income from its 30% interest in Peak Gold JV was $29.53 million, while a loss on derivative contracts of $30.34 million and interest and finance expense of $1.72 million weighed on results.
Liquidity strengthened: cash rose to $106.98 million and operating cash flow for the nine months reached $60.20 million, driven by $87.0 million in JV cash distributions tied to Manh Choh production. Shareholders’ equity improved to $47.81 million from $1.27 million at year‑end. Debt, net, stood at $42.10 million (including $23.10 million outstanding on the secured facility and a $20.0 million unsecured convertible debenture); the company repaid $29.0 million year‑to‑date and an additional $8.5 million on October 2, 2025.
Hedge obligations remain significant: 62,900 oz of gold were outstanding at a weighted average price of approximately $2,003/oz as of September 30, 2025, contributing to current and non‑current derivative liabilities of $72.38 million and $42.30 million, respectively. An underwritten offering on September 25, 2025 raised $50.0 million in gross proceeds. Certain litigation related to Manh Choh permitting was dismissed, and the Johnson Tract permit remains in effect.
Contango ORE, Inc. returned to quarterly profitability, reporting net income of $15,924,865 and basic EPS of $1.26 for the three months ended June 30, 2025, driven largely by its 30% interest in the Peak Gold JV. The company recognized $27.3 million of equity income from Peak Gold in the quarter; the Peak Gold JV reported $195.1 million of revenue and $91.1 million of net income for Q2 2025. Cash and restricted cash increased to $36.56 million, and Contango received $54.0 million of cash distributions from Peak Gold in H1 2025 (cumulative distributions of $94.5 million since July 2024).
Significant offsets included derivative hedging results: a $12.8 million loss on derivatives in Q2 and $53.3 million year-to-date, and derivative contract liabilities totaling $100.27 million as of June 30, 2025. Total assets were $153.14 million versus total liabilities of $155.53 million, producing a stockholders' deficit of $(2.39) million. Debt, net totaled $48.54 million with $17.5 million of principal scheduled in the next twelve months. The company disclosed a working capital deficit of $43.2 million, amended its secured Facility repayment timing, and retains hedge delivery obligations of 74,800 ounces of gold.