Revenue: As of FY2026 Q2, the actual value is USD 37.5 M.

EPS: As of FY2026 Q2, the actual value is USD 0.14, beating the estimate of USD 0.12.

EBIT: As of FY2026 Q2, the actual value is USD -8.5 M.

Financial Performance (Q2-2026 vs Q2-2025)

Contango Silver & Gold Inc. reported a total loss from operations of - $8.5 million in Q2-2026, compared to an income of $23.0 million for Q2-2025. The adjusted net loss was - $5.5 million in Q2-2026, contrasting with a net income of $28.8 million in Q2-2025. Net income for Q2-2026 was $4.8 million, compared to $15.9 million for Q2-2025. These figures include a gain on derivative contracts of $10.3 million for Q2-2026 and a loss of - $12.8 million for Q2-2025.

Financial Performance (YTD-2026 vs YTD-2025)

For the year-to-date period, Contango Silver & Gold Inc. reported a net loss of - $9,518,603 in YTD-2026, compared to a net loss of - $6,623,460 in YTD-2025. Adjusted net loss for YTD-2026 was - $801,206, contrasting with an adjusted net income of $46,696,999 in YTD-2025. The gain on derivative contracts was $8,717,397 in YTD-2026, compared to $53,320,459 in YTD-2025.

Cash Position

The Company’s unrestricted cash position as of June 30, 2026, was $89.0 million, an increase from $64.8 million at year-end 2025.

Cash Flow (YTD-2026 vs YTD-2025)

Net cash used in operating activities was - $50.3 million for YTD-2026, a decrease from $36.9 million provided by operating activities in YTD-2025. Cash provided by investing activities was $20.4 million for YTD-2026, compared to $0 million in YTD-2025. Cash provided by financing activities in YTD-2026 was $54.8 million, compared to cash outflows of - $20.5 million in YTD-2025.

Manh Choh Production and Sales (Contango’s 30% Share)

• Q2-2026: Gold ounces sold totaled 8,627 oz, and silver ounces sold totaled 10,319 oz. Total gold sales were $36,750,118, and total silver sales were $749,096. Cash costs on a by-product basis were $2,641 per ounce sold, and AISC on a by-product basis was $2,877 per ounce sold.
• YTD 2026: Gold ounces sold totaled 16,639 oz, and silver ounces sold totaled 25,361 oz. Total gold sales were $75,682,854, and total silver sales were $2,007,485. Cash costs on a by-product basis were $2,665 per ounce sold, and AISC on a by-product basis was $2,830 per ounce sold.

Peak Gold JV Metrics (100% Basis)

• Q2-2026: Gold ounces mined were 45,341 oz, gold ounces produced were 29,618 oz, gold ounces sold were 28,758 oz, and silver ounces sold were 34,397 oz. Cash distributions received from Peak Gold JV totaled $9,000,000.
• YTD 2026: Gold ounces mined were 83,756 oz, gold ounces produced were 56,508 oz, gold ounces sold were 55,468 oz, and silver ounces sold were 84,539 oz. Cash distributions received from Peak Gold JV totaled $18,000,000.

Debt and Financing

Principal debt repayments totaled $1.0 million in Q2-2026 and $2.0 million YTD 2026. The remaining debt balance was $12.6 million before an amendment to its credit facility, which increased the secured credit facility by $33.7 million, resulting in an aggregate principal amount outstanding of $46.3 million. Contango Silver & Gold Inc. agreed to purchase mineral claims for the Lucky Shot Project for $16,074,000 and settled $18.75 million of milestone payments for the project with a $5.0 million payment and the issuance of 100,000 shares of common stock, totaling $6.6 million in consideration.

Outlook and Guidance

Contango Silver & Gold Inc. anticipates production of 11,000 to 12,000 gold equivalent ounces net to the Company from the third 2026 campaign, keeping it on track to meet its 2026 production guidance of 40,000 to 45,000 gold ounces. For 2027, the Company guides for 75,000 to 80,000 ounces of gold production at cash costs of $1,200 to $1,300 per ounce and AISC of $1,300 to $1,400 per ounce sold. The Company aims to grow production from its current average of 60,000 gold equivalent ounces to over 200,000 ounces of gold and 5 million ounces of silver production annually.