Contango Ore reports FY2025 net loss of $36.1M, adjusted net income of $73.0M; provides 2026-2027 guidance

Contango Silver & Gold Inc.

FY2025 net loss $36.1M ($2.80/sh) includes $46.0M unrealized loss on derivatives; adjusted net income $73.0M.
FY2025 gold production (30% share) 60,200 GEO; cash costs $1,459/oz, AISC $1,616/oz; avg realized gold price $3,400/oz.
Unrestricted cash $64.8M at Dec 31, 2025; repaid $37.5M on credit facility, remaining balance $14.6M.
FY2026 guidance: 40,000-45,000 oz gold at cash costs $1,900-$2,000/oz; cash distributions $48M-$54M.
Dolly Varden merger expected to close late March 2026; combined entity to be Contango Silver & Gold Inc.

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