Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-18

Contango Silver & Gold (CTGO)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,311,854
Rick Van Nieuwenhuyse total, FY2025
1st
CEO pay percentile vs peers
CEO-to-median pay ratio
89.85%
Say-on-pay support, latest vote
Companies that benchmark against CTGO
No companies currently name CTGO as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Rick Van Nieuwenhuyse$500,000$768,000$1,020,354$0$0$0$23,500$2,311,854
President and Chief Executive Officer
Mike Clark325,000363,000380,94600023,5001,092,446
EVP, Chief Financial Officer and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Rick Van Nieuwenhuyse$2,311,854
Mike Clark1,092,446

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mike ClarkRSA$380,946
Rick Van NieuwenhuyseRSA1,020,354
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Rick Van NieuwenhuyseRSU145,300$3,837,373
Rick Van NieuwenhuysePSU96,1502,539,322
Mike ClarkRSU58,5231,545,592
Mike ClarkPSU37,350986,414
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policy
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1813,099,4871,479,74066,51989.85%Passed
20252025-06-105,884,887348,581196,79894.41%Passed
20232023-11-145,312,404309,5209,80894.49%Passed
20222022-11-104,632,74115,118177,96799.67%Passed
20212021-11-114,893,284119,8411,67697.61%Passed
20202020-12-114,920,4481,3436,24899.97%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1889.85%a
20252025-06-1094.41%b
20232023-11-1494.49%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Contango Silver & Gold names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Contango Silver & Gold.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Gold Corp.2024Blake Sartini$1,050,000$4,025,075$0$0$5,404,137
2Probe Gold Inc.2025William Heissenbuttel918,0002,759,43701,400,0005,230,084
3Perpetua Resources Corp.2025Jonathan Cherry458,750797,07301,188,0002,463,823
4Contango Silver & Gold2025Rick Van Nieuwenhuyse500,0001,020,354002,311,854

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Contango Silver & Goldnot disclosednot disclosednot disclosednot disclosed
Gold Corp.0%%RSU 50 · PSU 50NoAon's Human Capital Solutions practice
Perpetua Resources Corp.not disclosednot disclosednot disclosednot disclosed
Probe Gold Inc.138.6%RSU 50 · PSU 50Yes — TSR (Total Stockholder Return) relative to precious metals peer groupIndependent Compensation Consultant (name not disclosed in CD&A)

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Rick Van NieuwenhuyseDEF 14A2026-04-300001193125-26-197816Section “Executive Compensation”. As printed: 2,311,854. Filing ↗machine: r2 · c23 · span 350138–350147
2Section 01, Mike ClarkDEF 14A2026-04-300001193125-26-197816Section “Executive Compensation”. As printed: 1,092,446. Filing ↗machine: r4 · c23 · span 354022–354031
3Section 03, Mike Clark RSADEF 14A2026-04-300001193125-26-197816Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 301927–301934
4Section 03, Rick Van Nieuwenhuyse RSADEF 14A2026-04-300001193125-26-197816Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 301242–301251
5Section 06, 2026 voteForm 8-K2026-06-180001193125-26-276058Item 5.07 · say-on-pay result. As reported: 89.85% (votes for as printed: 13,099,487). Filing ↗
6Section 06, 2025 voteForm 8-K2025-06-110000950170-25-084513Item 5.07 · say-on-pay result. As reported: 94.41% (votes for as printed: 5,884,887). Filing ↗
7Section 06, 2023 voteForm 8-K2023-11-150001157523-23-001731Item 5.07 · say-on-pay result. As reported: 94.49% (votes for as printed: 5,312,404). Filing ↗
8Gold Corp., Section 10b CEO totalDEF 14A2025-04-090001071255-25-000033CEO total compensation as printed in Gold Corp.'s own proxy. As printed: 5,404,137. Filing ↗machine: r11 · c42 · span 510243–510252
9Probe Gold Inc., Section 10b CEO totalDEF 14A2026-04-030000085535-26-000018CEO total compensation as printed in Probe Gold Inc.'s own proxy. As printed: 5,230,084. Filing ↗machine: t37 · r2 · c12 · span 361652–361661
10Perpetua Resources Corp., Section 10b CEO totalDEF 14A2026-04-240001104659-26-048110CEO total compensation as printed in Perpetua Resources Corp.'s own proxy. As printed: 2,463,823. Filing ↗machine: span 581674–581683
11Contango Silver & Gold (subject), Section 10b CEO totalDEF 14A2026-04-300001193125-26-197816CEO total compensation as printed in Contango Silver & Gold's own proxy. As printed: 2,311,854. Filing ↗machine: r2 · c23 · span 350138–350147
12Section 10a, Gold Corp. reciprocityDEF 14A0001071255-25-000033Gold Corp.'s most recent proxy was read; its disclosed peer group does not include Contango Silver & Gold. Filing ↗
13Section 10a, Probe Gold Inc. reciprocityDEF 14A0000085535-26-000018Probe Gold Inc.'s most recent proxy was read; its disclosed peer group does not include Contango Silver & Gold. Filing ↗