Contango Silver & Gold (CTGO) investor relations material

Strategic positioning and portfolio overview

• Emerging mid-tier silver and gold producer with operations in Alaska and British Columbia, focused on high-grade assets and a direct shipping ore (DSO) model.

• Portfolio includes Manh Choh (in production), Lucky Shot (advancing to feasibility), Johnson Tract (advanced exploration), and Kitsault Valley (exploration).

• Total resources approximate 2 million ounces of gold and 65 million ounces of silver.

• Dual-listed on NYSE American and TSX, with inclusion in major indices and strong institutional ownership.

Financial and capital markets profile

• Market capitalization of $657M, with $89M cash on hand and $100M+ projected free cash flow in 2025.

• 33.5M shares outstanding, with additional warrants and options for a fully diluted total of 34.4M shares.

• Convertible debenture of $20M and $43.6M in debt, with no remaining hedge contracts as of June 2026.

• Management and insiders hold approximately 10% ownership.

Operational highlights and project pipeline

• Manh Choh mine began production in Q3 2024, with 60,200 oz gold and 57,315 oz silver produced in 2025; $102M cash distribution and AISC of $1,616/oz.

• Lucky Shot advancing with a current resource of 110,000 oz at 14.5 g/t Au, targeting 400,000–500,000 oz resource and 40,000–50,000 oz annual production by 2028.

• Johnson Tract project has a 1.1 Moz resource at 9.4 g/t AuEq, targeting 100,000 oz AuEq annual production by 2030; post-tax NPV5 of $615.4M and IRR of 60% at $4,000 gold.

• Kitsault Valley hosts 166k oz gold and 34.7M oz silver (M&I), with a new resource estimate expected in Q3 2026 and a 40,000m drill program planned.