Contango Silver & Gold Inc. CTGO
Contango ORE, Inc. ("CORE" or the "Company") was formed on September 1, 2010 as a Delaware corporation for the purpose of engaging in the exploration for and development of gold ore and associated minerals in the State of Alaska. On January 8, 2015, CORE Alaska, LLC, a wholly-owned subsidiary of the Company ("CORE Alaska"), and a subsidiary of Royal Gold, Inc. ("Royal Gold") formed Peak Gold, LLC (the "Peak Gold JV"). On September 30, 2020, CORE Alaska sold a 30% membership interest in the Peak Gold JV to KG Mining (Alaska), Inc. ("KG Mining"), an indirect wholly-owned subsidiary of Kinross Gold Corporation ("Kinross"), a large gold producer with a diverse global portfolio and extensive operating experience in Alaska. The sale is referred to herein as the "CORE Transactions".
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| SG&A | $13.1M | $10.6M | $9.1M | $10.3M | $10.4M | $5.6M | $4.4M | $3.8M | $2.8M | $1.2M |
| Total operating expenses | $19.5M | $15.4M | $17.7M | $19.6M | $10.7M | $5.6M | $4.4M | $3.8M | $2.8M | $1.2M |
| Operating income | $69.1M | $26.3M | -$38.8M | — | — | — | — | — | — | — |
| Interest expense | $7.6M | $11.7M | $2.0M | $330.0K | $0 | — | — | — | — | — |
| Pre-tax income | -$35.8M | -$38.1M | -$39.7M | -$23.6M | $25.2M | -$9.2M | -$8.4M | -$6.2M | -$2.8M | -$1.2M |
| Income tax | $303.2K | $83.4K | $0 | $119.7K | $1.3M | $0 | $0 | $0 | $0 | $0 |
| Net income | -$36.1M | -$38.0M | -$39.7M | -$23.5M | $23.9M | -$9.2M | -$8.4M | -$6.2M | -$2.8M | -$1.2M |
| EPS, basic | -2.80 | -3.49 | -5.61 | -3.49 | 3.82 | -1.43 | 1.33 | 1.09 | — | — |
| EPS, diluted | -2.80 | -3.49 | -5.61 | -3.49 | 3.82 | -1.43 | -1.33 | -1.09 | -0.62 | -0.31 |
| Shares, diluted (wtd. avg.) | 12.9M | 10.9M | 7.1M | 6.7M | 6.3M | 6.5M | 6.3M | 5.7M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $64.8M | $20.1M | $15.5M | $23.1M | $35.2M | $3.0M | $8.6M | $13.8M | $5.2M | $1.3M |
| Total current assets | $68.3M | $22.1M | $16.9M | $23.8M | $35.9M | $3.1M | $8.8M | $14.0M | $5.4M | $1.3M |
| Property, plant and equipment | $52.1M | $50.6M | $13.3M | $13.5M | $36.5K | — | — | — | — | — |
| Total assets | $172.0M | $133.9M | $25.7M | $37.3M | $36.0M | $3.1M | $8.8M | $14.0M | $5.4M | $1.3M |
| Accounts payable | $1.0M | $418.8K | $250.7K | $633.9K | $26.3K | $83.2K | $71.4K | $11.2K | $50.9K | $20.9K |
| Short-term debt | $4.0M | $42.6M | $7.9M | $0 | — | — | — | — | — | — |
| Total current liabilities | $76.3M | $75.8M | $13.1M | $1.5M | $222.1K | $1.1M | $419.3K | $256.4K | $137.4K | $113.7K |
| Long-term debt | $29.9M | $26.4M | $36.8M | $19.2M | $0 | $0 | $0 | — | — | — |
| Total liabilities | $146.9M | $132.6M | $30.4M | $24.0M | $1.4M | $1.1M | — | — | — | — |
| Retained earnings | -$213.2M | -$177.1M | -$139.0M | -$58.5M | -$35.0M | -$58.9M | -$49.7M | -$41.3M | -$35.1M | -$32.3M |
| Total equity | $25.1M | $1.3M | -$14.5M | $13.3M | $34.5M | $2.0M | $83.4M | $13.7M | $5.2M | $1.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $25.7M | $699.0K | -$14.7M | -$13.9M | -$8.4M | -$1.4M | -$1.1M | -$1.0M | -$1.1M | -$692.6K |
| Depreciation and amortisation | $140.7K | $121.9K | $136.5K | $55.7K | $0 | — | — | — | — | — |
| Stock-based compensation | $3.4M | $2.6M | $2.9M | $4.0M | $3.9M | $3.4M | $3.0M | $2.5M | $1.8M | $507.7K |
| Capital expenditure | — | — | $0 | $44.0K | $36.5K | — | — | — | — | — |
| Investing cash flow | $513.2K | -$32.1M | -$21.1M | -$15.4M | $27.4M | -$3.7M | -$4.1M | -$2.6M | — | — |
| Financing cash flow | $18.4M | $36.0M | $24.4M | $17.4M | $13.2M | -$476.7K | — | $12.2M | $5.1M | — |
| Buybacks | — | — | — | — | — | $476.7K | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197816.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$1.2M | -$2.8M | -$6.2M | -$8.4M | -$9.2M | $23.9M | -$23.5M | -$39.7M | -$38.0M | -$36.1M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Regulation FD disclosure Item 7.01
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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