$CTGO

Contango Silver & Gold Inc.

CIK:0001502377|SEC Filings

Note 14 - Derivatives and Hedging Activities - Effect on Statement of Operations (Details) - Not Designated as Hedging Instrument [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Derivative Instruments, Gain (Loss) [Line Items]
Amount of unrealized and realized gain (loss) recognized in other income (expense)	$ 10,308,985	$ (12,844,803)	$ (8,717,397)	$ (53,320,459)
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of unrealized gain (loss) recognized in other income (expense)	10,273,745	(2,106,754)	42,178,108	(42,582,410)
Amount of realized gain (loss) recognized in other income (expense)	$ 35,240	$ (10,738,049)	$ (50,895,505)	$ (10,738,049)

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 89,038,319	$ 64,837,617
Restricted cash	108,037	106,365
Prepaid expenses and other	5,795,200	3,290,962
Income taxes receivable	106,244	106,244
Total current assets	95,047,800	68,341,188
LONG-TERM ASSETS:
Investment in Peak Gold, LLC	51,156,351	47,108,733
Property & equipment, net	346,368,297	52,065,293
Marketable securities	4,243,743	4,436,013
Total long-term assets	401,768,391	103,610,039
TOTAL ASSETS	496,816,191	171,951,227
CURRENT LIABILITIES:
Accounts payable	9,522,149	1,014,233
Accrued liabilities	2,492,135	4,336,813
Liability on flow-through share issuances	3,282,104	0
Royalty reimbursement advance	0	488,045
Derivative contract liability	61,479,232	66,465,622
Debt, current portion	12,600,000	4,000,000
Total current liabilities	89,375,620	76,304,713
NON-CURRENT LIABILITIES:
Asset retirement obligations	132,509	123,444
Contingent consideration liability	0	2,757,952
Derivative contract liability	0	37,191,718
Debt non-current portion, net	19,513,840	29,857,758
Deferred tax liability	56,281,550	617,353
Total non-current liabilities	75,927,899	70,548,225
TOTAL LIABILITIES	165,303,519	146,852,938
COMMITMENTS AND CONTINGENCIES (NOTE 11)
STOCKHOLDERS' EQUITY:
Preferred Stock
Additional paid-in capital	556,096,145	238,155,692
Treasury stock at cost (nil at June 30, 2026; and 2,480 shares at December 31, 2025)	0	(48,308)
Accumulated other comprehensive loss	(2,229,538)	(0)
Accumulated deficit	(222,677,385)	(213,158,782)
TOTAL STOCKHOLDERS' EQUITY	331,512,672	25,098,289
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	496,816,191	171,951,227
Series A Special Voting Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred Stock
Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common Stock	323,450	149,687
Exchangeable Shares [Member]
STOCKHOLDERS' EQUITY:
Common Stock	$ 0	$ 0