---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-071589"
form_type: "8-K"
ticker: "CTGO"
cik: "0001502377"
company_name: "Contango Silver & Gold Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T08:29:14.714562+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-071589
- form_type: 8-K
- ticker: CTGO
- cik: 0001502377
- company_name: Contango Silver & Gold Inc.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502377/000095017025071589/0000950170-25-071589-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502377/000095017025071589/ctgo-20250514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-071589
- JSON: https://secwatch.observer/filing/0000950170-25-071589.json
- Plain text: https://secwatch.observer/filing/0000950170-25-071589.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.