Contango Ore Q3: record $25M operating income, $107M cash, 16,669 oz gold sold at $1,402/oz cash cost

Contango Silver & Gold Inc.

2025-Q3 EPS reported -$0.99

Adjusted net income $24.9M vs $19.1M year ago; net loss $5.4M includes $14.4M derivative loss.
Sold 16,669 oz gold at cash cost $1,402/oz, AISC $1,597/oz; Q4 guidance 6,000–8,000 oz for Contango share.
Cash from operations $60.2M YTD; debt reduced to $14.6M after $8.5M post-quarter repayment and $22.4M carry trade settlement.
Lucky Shot 15,000m drill program underway; feasibility study targeting 30,000–40,000 oz/year within 12–18 months.
Raised $50M via equity offering of 1.975M shares and pre-funded warrants at $20.

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