Contango posts record Q2 net income of $15.9M; gold sales of 17,764 oz at AISC $1,548/oz

Contango Silver & Gold Inc.

2025-Q2 EPS reported -$0.55

Record income from operations of $23.0M vs $3.1M loss in Q2-2024.
Net income $15.9M ($1.26 diluted EPS) vs net loss of $18.5M ($1.90 loss) in Q2-2024.
Sold 17,764 oz gold; cash costs $1,416/oz, AISC $1,548/oz; 2025 guidance reaffirmed at 60,000 oz.
Cash from operations $36.9M YTD-2025 vs using $6.9M in YTD-2024; cash balance $36.5M.
Reduced credit facility to $23.1M (post-period $7M repayment); hedge balance cut to 62,900 oz.

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