Contango Silver & Gold Inc.
CTGO · Gold and Silver Ores · 30.8M shares · +14%/yr ↑ dilution · EDGAR filings ↗
Reference price $15.24 · est. market cap ~$469M — last insider purchase, 2026-06-25 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C59Gold/silver explorer whose value rests on a 30% Peak Gold JV interest throwing off large cash distributions despite GAAP losses.
Strengths
- Received $102M in JV cash distributions in 2025 and holds $69M cash (68th pct)
- Producing Manh Choh mine plus a transformative Dolly Varden acquisition expanding the resource base
Risks
- ROE -1.44 (11th pct) and ROA -0.21 with a net loss; high debt/equity 1.19 (82nd pct)
- Limited control over the Kinross-managed JV and declining 2026 production guidance
- Current ratio 0.90 (26th pct) and near-term ~$4M debt repayment obligations
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +14%/yr over 4y (dilution, book value/share -57%)
- Weak liquidityCurrent ratio 0.90 (<1)
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$248,252, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 5 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$1M, last 6mo) Form 4 ↗
Key metrics
Return on equity
-143.8%
Return on assets
-21.0%
ROIC
99.3%
Debt / equity
1.2×
Current ratio
0.9×
Tangible book value
$25M
Cash & investments
$69M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | Van Nieuwenhuyse Rick | Buy | 4.1K | $15.24 |
| 2026-04-08 | Khunkhun Shawn | Option exercise | 21K | $12.46 |
| 2026-04-08 | Devine Darren Paul | Option exercise | 10K | $12.46 |
| 2026-04-02 | Cinnamond Michael Andrew | Grant | 11K | — |
| 2026-04-02 | Clark Michael Aaron | Grant | 16K | — |
| 2026-04-02 | Nauman Clynton R. | Grant | 11K | — |
| 2026-04-02 | Larimer David Gregory | Grant | 5.3K | — |
| 2026-04-02 | Van Nieuwenhuyse Rick | Grant | 34K | — |
| 2026-04-02 | JUNEAU JOHN B | Grant | 11K | — |
| 2026-04-01 | Nauman Clynton R. | Buy | 10K | $18.56 |
| 2026-03-19 | Clark Michael Aaron | Sell | 10K | $17.92 |
| 2026-03-19 | Larimer David Gregory | Sell | 2.8K | $17.92 |
| 2026-03-19 | Van Nieuwenhuyse Rick | Sell | 22K | $17.92 |
| 2026-01-08 | Van Nieuwenhuyse Rick | Sell | 20K | $26.00 |
| 2026-01-08 | Clark Michael Aaron | Sell | 10K | $26.00 |
| 2025-08-18 | Shortz Richard | Sell | 33K | $21.08 |
| 2025-08-18 | Clark Michael Aaron | Sell | 2.8K | $21.66 |
| 2025-07-10 | Green Darwin | Sell | 1.8K | $20.23 |
| 2025-06-10 | Nauman Clynton R. | Grant | 7.5K | — |
| 2025-06-10 | Cinnamond Michael Andrew | Grant | 7.5K | — |
| 2025-04-22 | Van Nieuwenhuyse Rick | Buy | 7.5K | $13.70 |
| 2025-04-01 | Van Nieuwenhuyse Rick | Buy | 5.0K | $10.22 |
| 2025-03-31 | Green Darwin | Sell | 1.5K | $10.40 |
| 2025-03-25 | Van Nieuwenhuyse Rick | Buy | 10K | $9.98 |
| 2025-03-19 | COMPOFELICE JOSEPH S | Grant | 19K | — |
| 2025-03-19 | Shortz Richard | Grant | 19K | — |
| 2025-03-19 | Freeman Curtis J. | Grant | 19K | — |
| 2025-03-19 | JUNEAU JOHN B | Grant | 23K | — |
| 2025-03-19 | Green Darwin | Grant | 19K | — |
| 2025-03-19 | Van Nieuwenhuyse Rick | Grant | 98K | — |
| 2025-03-19 | Clark Michael Aaron | Grant | 37K | — |
| 2025-01-15 | Van Nieuwenhuyse Rick | Tax withheld | 61K | $10.85 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Auditor changeExhibits | filing ↗ |
| 2026-06-18 | Shareholder voteReg FDExhibits | filing ↗ |
| 2026-06-16 | Reg FDExhibits | filing ↗ |
| 2026-05-26 | Reg FDExhibits | filing ↗ |
| 2026-05-15 | ResultsReg FDExhibits | filing ↗ |
| 2026-05-08 | Material agreement1.02Debt obligationReg FDExhibits | filing ↗ |
| 2026-04-22 | Reg FDExhibits | filing ↗ |
| 2026-04-13 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-24 | 0001193125-26-285561 ↗ |
| 8-K | 2026-06-18 | 2026-06-18 | 0001193125-26-276058 ↗ |
| 8-K | 2026-06-16 | 2026-06-16 | 0001193125-26-272702 ↗ |
| 8-K | 2026-05-26 | 2026-05-26 | 0001193125-26-239583 ↗ |
| 8-K | 2026-05-15 | 2026-05-14 | 0001193125-26-226963 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001193125-26-222855 ↗ |
| 8-K | 2026-05-08 | 2026-05-04 | 0001193125-26-214743 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001502377-26-000009 ↗ |
| 8-K | 2026-04-13 | 2026-04-13 | 0001502377-26-000005 ↗ |
| 8-K | 2026-04-10 | 2026-04-07 | 0001502377-26-000003 ↗ |
| 8-K/A | 2026-04-08 | 2026-03-25 | 0001193125-26-147930 ↗ |
| 8-K | 2026-03-27 | 2026-03-25 | 0001193125-26-129496 ↗ |