Contango Q1 ops income $19.3M; gold sold 17,382 oz at AISC $1,374/oz; guidance reaffirmed

Contango Silver & Gold Inc.

2025-Q1 EPS reported -$1.88

Income from operations $19.3M vs loss $2.9M YoY; net loss $22.3M includes $40.5M unrealized derivative loss.
Sold 17,382 oz gold at cash cost $1,334/oz and AISC $1,374/oz, well below 2025 target of $1,625/oz.
Received $24M cash distributions from Peak Gold JV in Q1; additional $9M in April; debt repaid $13.8M in Q1 and $8.2M post-period to $30.1M outstanding.
Lawsuit by CSC against DOT dismissed without prejudice on May 6; Johnson Tract IA shows pre-tax NPV $359M, IRR 37.4%, 7-year LOM.
2025 guidance: 60,000 oz gold (30% share); AISC target $1,400/oz LOM; hedge balance reduced to 74,800 oz after Carry Trade settlement.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.