Contango Silver and Gold: Q1 Financials 2026

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...

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[Speaker identities could not be resolved; generic labels used] [00:04] 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. [00:17] 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 [00:24] 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. [00:45] 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 [00:57] Speaker 1: the current mine plan. Can you remind investors how the 2026 mine [01:02] 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, [01:13] Speaker 2: I think we're together here in Frankfurt for the GoldMess conference. [01:18] Speaker 2: So looking forward to that, But [01:21] Speaker 2: yeah, 2026 was always going to be [01:24] Speaker 2: the low production year and the higher cost year in general. [01:...