Contango Silver & Gold Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 14, 2025
CTGO$15.55+4.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statements (Unaudited)
Item 1 - Financial Statements
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $34,976,963 | $20,058,477 |
| Restricted cash | 236,852 | 257,045 |
| Prepaid expenses and other | 1,194,001 | 1,114,522 |
| Income taxes receivable | 649,125 | 649,125 |
| Total current assets | 37,056,941 | 22,079,169 |
| LONG-TERM ASSETS: | ||
| Investment in Peak Gold, LLC | 58,843,656 | 60,523,622 |
| Property & equipment, net | 50,524,348 | 50,577,097 |
| Marketable securities | 939,060 | 712,375 |
| Total long-term assets | 110,307,064 | 111,813,094 |
| TOTAL ASSETS | $147,364,005 | $133,892,263 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $8,918,438 | $418,836 |
| Accrued liabilities | 1,882,868 | 2,803,598 |
| Advance royalty reimbursement | 855,063 | 855,548 |
| Derivative contract liability | 54,641,009 | 29,076,582 |
| Debt, current portion | 24,700,000 | 42,600,000 |
| Total current liabilities | 90,997,378 | 75,754,564 |
| NON-CURRENT LIABILITIES: | ||
| Advance royalty reimbursement | 104,449 | 217,086 |
| Asset retirement obligations | 255,769 | 255,769 |
| Contingent consideration liability | 1,100,480 | 1,100,480 |
| Derivative contract liability | 43,526,754 | 28,615,525 |
| Debt non-current portion, net | 31,351,920 | 26,369,199 |
| Deferred tax liability | 530,676 | 306,995 |
| Total non-current liabilities | 76,870,048 | 56,865,054 |
| TOTAL LIABILITIES | 167,867,426 | 132,619,618 |
| COMMITMENTS AND CONTINGENCIES (NOTE 11) | ||
| STOCKHOLDERS’ EQUITY/(DEFICIT): | ||
| Preferred Stock, 15,000,000 shares authorized | — | — |
| Common Stock, $0.01 par value, 45,000,000 shares authorized; 12,541,962shares issued and 12,539,482 shares outstanding as of March 31, 2025; 12,230,959 shares issued and 12,228,479 shares outstanding as of December 31, 2024 | 125,418 | 122,308 |
| Additional paid-in capital | 179,039,931 | 178,270,782 |
| Treasury stock at cost (2,480 at March 31, 2025; and 2,480 shares at December 31, 2024) | (48,308) | (48,308) |
| Accumulated deficit | (199,620,462) | (177,072,137) |
| TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT) | (20,503,421) | 1,272,645 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | $147,364,005 | $133,892,263 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.