Contango Silver & Gold Inc. (CTGO) Discusses Hedge Conversion and Increased Gold Price Exposure Transcript

Contango Silver & Gold Inc. ( CTGO ) Discusses Hedge Conversion and Increased Gold Price Exposure July 6, 2026 1:00 PM EDT Company Participants Rick Van Nieuwenhuyse - CEO & Director J. Clark - Executive VP, CFO & Corporate Secretary Conference Call Participants Romeo Maione - 6ix Presentation Romeo Maione 6ix Particularly for Mike, this is the last time I'll ever ask him about hedges. So it's presumably something he's quite pleased about. But here's how today is going to work just for the folks in the room. I got a number of questions just to talk about the company's most recent exciting news from this morning. But this is an interactive event. I know some people already submitted questions in advance on e-mail. Appreciate those. We'll get to them. I'll get to as many as we can. We're hoping this is going to be a pretty quick event, probably 20, 25 minutes. So I don't get to your question, I also make sure the Contango team gets them afterwards, and you can walk through them. The only other thing I'll say is this is being recorded and will be available for replay probably about 3:00 p.m. Eastern. It will pop right in your inbox. We will also be available on 6ix's YouTube channel shortly thereafter. Question-and-Answer Session Romeo Maione 6ix But let me get right into the [ protein ] because this is exciting news. Rick, I want to start with the headline. You converted the last 15,000 ounces of hedged gold into debt, which means for the first time, thrilled to say it live and on air. The hedge book is completely gone. So walk us through what this announcement actually means for Contango shareholders.

Rick Van Nieuwenhuyse CEO & Director Well, I guess it's doing what we say