Contango Silver & Gold Inc (CTGO) is a precious metals mining and exploration company that produces gold and silver through its 30% interest in the Peak Gold joint venture in Alaska, managed by Kinross Gold subsidiary KG Mining. Revenue comes from gold and silver sales attributed to that minority interest, with the company recording 57,800 gold ounces sold and $196,653,253 in total gold sales, and 57,315 silver ounces sold on a 30% basis for the fiscal year ended December 31, 2025. Beyond Peak Gold, the company holds exploration-stage assets: the Johnson Tract Project (approximately 21,000 acres leased from Cook Inlet Region Inc., 125 miles southwest of Anchorage), and the Avidian Properties (approximately 15,260 acres across the Fairbanks Mining District and Valdez Creek Mining District). As of December 8, 2025, the company entered an arrangement agreement to combine with Dolly Varden Silver Corporation on a merger-of-equals basis, with closing expected in late March 2026. Rick Van Nieuwenhuyse serves as President and CEO, and Mike Clark as CFO, as of the 10-K filed March 16, 2026.

Revenue model

Gold and silver sales from a 30% minority stake in the Peak Gold joint venture in Alaska. The company also uses derivative contracts to hedge commodity price exposure, delivering 43,739 gold ounces into derivative contracts for the fiscal year ended December 31, 2025. Additional income streams include distributions from the Peak Gold LLC investment and gains on marketable securities ($4.7 million gain for fiscal year ended December 31, 2025).

Products and services

Gold and silver production (30% attributable share from Peak Gold JV): 57,800 gold ounces sold and 57,315 silver ounces sold for fiscal year ended December 31, 2025. Exploration-stage mineral properties: Johnson Tract Project (approximately 21,000 acres, Alaska), Amanita Property, Amanita NE Property, and Golden Zone Property (collectively approximately 15,260 acres across Fairbanks Mining District and Valdez Creek Mining District).

Customers and end markets

End markets are gold and silver commodity markets. No specific customer concentration data disclosed in the filing excerpts.

Value-chain role

Non-operating minority interest holder (30%) in the Peak Gold joint venture, with KG Mining (Kinross subsidiary) serving as manager and operator. The company is an exploration-stage asset holder for its wholly-owned Alaskan properties, conducting drilling and geological sampling but not operating mines directly on those assets.

Geographic exposure

Operations exclusively in Alaska, United States. Key assets: Peak Gold JV near Tok, Alaska; Johnson Tract Project approximately 125 miles southwest of Anchorage; Avidian Properties in the Fairbanks Mining District and Valdez Creek Mining District. Corporate subsidiaries organized under the laws of British Columbia, Canada.

Competitors

Dolly Varden Silver Corporation, Kinross Gold

Source: SEC 10-K, filed 2026-03-16

Industry: Gold and Silver Ores Peers: 5E Advanced Materials Inc American Battery Technology Co Ameritrust Corp Graphene & Solar Technologies Ltd Liquidmetal Technologies Inc Rare Element Resources Ltd Texas Mineral Resources Corp