earnings
confidence high
sentiment neutral
materiality 0.75
Contango Q2 net income $4.8M; Manh Choh investment repaid; 2027 gold guidance 75-80k oz
Contango Silver & Gold Inc.
2026-Q2 EPS reported
-$0.38
- Q2 net income $4.8M ($0.14/diluted) vs $15.9M ($1.24) year-ago; adjusted net loss $5.5M.
- Cash $89.0M at June 30, up from $64.8M at year-end; received $9M Peak Gold JV distribution.
- Manh Choh initial $105M investment fully repaid with $160M returns to date; 2026 production guidance 40-45k oz.
- July 1 credit facility amendment: eliminated 15k oz 2027 hedges, added $33.7M debt, bought 15k puts at $3,100; hedge book fully liquidated.
- 2027 guidance: 75-80k oz gold at cash costs $1,200-1,300/oz, AISC $1,300-1,400/oz.