Contango swings to Q2 FY26 profit of $4.8 million; operating loss widens to $8.5 million
Reuters2026/08/13 21:01- Contango posted a GAAP operating loss of USD 8.5 million in Q2 2026, swinging from operating income of USD 23 million.
- GAAP net income turned to USD 4.79 million from USD 15.92 million; results included a USD 10.31 million gain on hedge derivatives.
- Non-GAAP adjusted net loss widened to USD 5.52 million from adjusted net income of USD 28.77 million.
- Unrestricted cash rose to USD 89 million at June 30, 2026, from USD 64.8 million at year-end 2025.
- Manh Choh attributable sales totaled 8,627 gold ounces, supporting a USD 9 million JV distribution; 2026 guidance reiterated at 40,000-45,000 gold ounces.
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