Join Rick Van Nieuwenhuyse and Mike Clark as they provide further commentary on 2026 Q1 Financials. Following the update, they will be available for questions.
Thu, May 14, 2026 at 12:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting featured a discussion on the quarterly production results and financial performance of Contango Silver and Gold, led by CEO Rick Van Nuenhuysen and CFO Mike Clark. Key topics included the Q1 production numbers, cost analysis, and future production expectations as the company transitions to mining in the South Pit. Key Discussion Points - Overview of Q1 production results, which totaled just over 8,000 ounces. - Explanation of the mine sequencing plan for 2026, highlighting it as a low production year. - Discussion on the transition from the North Pit to the South Pit and its impact on production and costs. - Analysis of cash costs and all-in sustaining costs (ASIC) for Q1, which exceeded guidance. - Examination of the net loss of $14.3 million, primarily due to a non-cash derivative loss. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Ensure all questions from the chat are compiled and sent to the Contango tea...
Mr. Van Nieuwenhuyse was appointed to serve as President, Chief Executive Officer, and director of the Company effective January 6, 2020. He previously served as President and Chief Executive Officer of Trilogy Metals Inc. from January 2012 until December 2019. Between May 1999 and January of 2012, he served as the President and Chief Executive Officer of NOVAGOLD, Inc, a company that he founded. He served as the Vice President of Exploration for Placer Dome from 1990 to 1997. Mr. Van Nieuwenhuyse holds a Candidature degree in Science from Université de Louvain, Belgium and a Master of Science degree in Geology from the University of Arizona. Mr. Van Nieuwenhuyse currently serves on the board of directors of Alexco Resource Corp. He served on the board of directors of Sandfire Resources America, Inc. (formerly, Tintina Resources Inc.) from 2008 until 2016. Mr. Van Nieuwenhuyse has over forty years of experience in the minerals mining industry and brings significant industry and technical knowledge to the Company.
Mr. Clark was appointed to serve as Executive Vice President - Finance of the Company, effective July 11, 2023. He was then appointed as Chief Financial Officer & Corporate Secretary, effective January 1, 2024. He previously served as Chief Financial Officer and Corporate Secretary for Alexco Resource Corp. from December 2014 to September 2022 at which time Alexco Resource Corp was acquired by Hecla Mining Company. Between 2010 and 2014, Mr. Clark served as Chief Financial Officer of Goldgroup Mining Inc. and from 2007 to 2010 Mr. Clark served as Chief Financial Officer for the Grosso Group and its member companies. Mr. Clark received an undergraduate degree from the British Columbia Institute of Technology and is a Canadian Qualified Chartered Professional Accountant. Between 2016 and 2020, Mr. Clark also served on the Board of Trustees for the Burnaby Hospital Foundation as Chair of the Finance Committee.
Replay transcript excerpt
Speaker 1: Good morning, good afternoon or good evening, depending on where in the world you're signing in from today. Great to see a packed house for today's event. I've got with me today Rick Van Nuenhuysen, CEO of Contango Silver and Gold, and Mike Clark, the company's CFO. Speaker 1: Here's how today's going to work with the folks in the room. I've got some questions based on this morning's press release, but this is also an interactive Speaker 1: event so please do enter your questions in the chat section on the bottom of the screen. We're going to try to stick to half an hour today, So if we can't get to your questions, I'll make sure the Contango team receives all the content as soon as the event is over. But we will try to get to as many as we can today. The event is also being recorded and will be available for replay this afternoon Eastern time. Speaker 1: So let's get into the meat and potatoes here. Rick, before we get into the Q1 numbers, you've been telegraphing forever that this quarter was going to likely be the lightest production quarter of what is presumably the lightest production year for Manchow under Speaker 1: the current mine plan. Can you remind investors how the 2026 mine Speaker 1: sequencing was designed and why Q1 was always going to look the way it was relative to what's coming in the back half of the year. Sure, Bianca, good to see you again. And we're, Speaker 2: I think we're together here in Frankfurt for the GoldMess conference. Speaker 2: So looking forward to that, But Speaker 2: yeah, 2026 was always going to be Speaker 2: the low production year and the higher cost year in general. Speaker 2: And it really did sequence for that. The beginning, the 1st half was worse than the 2nd half. So Speaker 2: in terms of Gold production o...
