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

Contango Silver & Gold (CTGO)

CEO Rick Van Nieuwenhuyse was paid $2,311,854 in fiscal year 2025, ↑ up 41.3% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0001193125-26-197816 ↗): 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

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CTGO's next annual pay disclosure, estimated May 1, 2027.est. Filing ↗

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 FY2024→2025
Rick Van Nieuwenhuyse$2,311,854$1,635,900$2,120,000↑ +675,954
Mike Clark1,092,446733,527—↑ +358,919

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

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Companies that benchmark against CTGO

The list of companies that name CTGO as a peer is temporarily unavailable — recheck shortly.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Rick Van NieuwenhuyseCEO$2,311,854
Mike ClarkCFO$1,092,446
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Brad JuneauChair of the Board$357,702
Clynt NaumanIndependent Director$205,514
Curtis J. FreemanIndependent Director$302,739
Darwin GreenFormer director (through FY2025)$307,739
Joseph S. CompofeliceIndependent Director$302,739
Mike CinnamondIndependent Director$205,514
Richard A. ShortzFormer director (through FY2025)$307,739
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 NieuwenhuyseRSA—————1,020,354
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 NieuwenhuysePSU96,150—2,539,322
Mike ClarkRSU58,523—1,545,592
Mike ClarkPSU37,350—986,414
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
20232023-11-145,312,404309,5209,80894.33%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
20232023-11-1494.33%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions will have the same practical effect as a vote against this proposal.”.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Brad JuneauIndependent · Board Chair$120,000$237,702$0—$0$357,702
Richard A. ShortzIndependent · Departed during FY110,000197,7390—0307,739
Darwin GreenIndependent · Departed during FY110,000197,7390—0307,739
Joseph S. CompofeliceIndependent · Not standing for re-election105,000197,7390—0302,739
Curtis J. FreemanIndependent · Not standing for re-election105,000197,7390—0302,739
Clynt NaumanIndependent · Newly elected55,495150,0190—0205,514
Mike CinnamondIndependent · Audit · Compensation · Nominating/Governance · EHS&T · Newly elected55,495150,0190—0205,514
Rick Van NieuwenhuyseEmployee director · EHS&T · ESG/Sustainability—————0
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—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$660,990
Equity awards (grant-date value)$1,328,696
All other compensation$0
Total cost of the board$1,989,686

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

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
Perpetua Resources Corp.not disclosednot disclosednot disclosednot disclosed
Probe Gold Inc.138.6%RSU 50 · PSU 50Yes — TSR Relative to Certain Enumerated Precious Metals CompaniesWTW

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.

10d

Frequently asked questions

Who was the highest-paid executive at Contango Silver & Gold in fiscal 2025?
As disclosed, Rick Van Nieuwenhuyse (President and Chief Executive Officer) was the highest-paid executive at Contango Silver & Gold in fiscal 2025, with total compensation of $2,311,854.
How does Contango Silver & Gold's chief executive pay compare to its disclosed peer group?
As disclosed, Rick Van Nieuwenhuyse's total compensation ranked at the 1st percentile of Contango Silver & Gold's disclosed peer group.
How did shareholders vote on Contango Silver & Gold's executive compensation?
As disclosed, 89.85% of shareholders supported Contango Silver & Gold's executive compensation in the latest say-on-pay vote.
How much does Contango Silver & Gold spend in total on board compensation for fiscal 2025?
As disclosed, Contango Silver & Gold reported total board compensation of $1,989,686 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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 08, Brad JuneauDEF 14A2026-04-300001193125-26-197816Section “Director Compensation”. As printed: 357,702. Filing ↗machine: span 228740–228747
6Section 08, Richard A. ShortzDEF 14A2026-04-300001193125-26-197816Section “Director Compensation”. As printed: 307,739. Filing ↗machine: span 239064–239071
7Section 08, Darwin GreenDEF 14A2026-04-300001193125-26-197816Section “Director Compensation”. As printed: 307,739. Filing ↗machine: span 235625–235632
8Section 08, Joseph S. CompofeliceDEF 14A2026-04-300001193125-26-197816Section “Director Compensation”. As printed: 302,739. Filing ↗machine: span 232185–232192
9Section 08, Curtis J. FreemanDEF 14A2026-04-300001193125-26-197816Section “Director Compensation”. As printed: 302,739. Filing ↗machine: span 233895–233902
10Section 08, Clynt NaumanDEF 14A2026-04-300001193125-26-197816Section “Director Compensation”. As printed: 205,514. Filing ↗machine: span 237329–237336
11Section 08, Mike CinnamondDEF 14A2026-04-300001193125-26-197816Section “Director Compensation”. As printed: 205,514. Filing ↗machine: span 230446–230453
12Section 08, Rick Van NieuwenhuyseDEF 14A2026-04-300001193125-26-197816Section “Director Compensation”. As printed: 0. Filing ↗
13Section 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 ↗
14Section 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 ↗
15Section 06, 2023 voteForm 8-K2023-11-150001157523-23-001731Item 5.07 · say-on-pay result. As reported: 94.33% (votes for as printed: 5,312,404). Filing ↗
16Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
17Section 09b board cost (computed)Computed——Cash 660,990 + equity 1,328,696 + all other 0 = 1,989,686, summed across the director compensation table rows.machine: formula: Σ = 1,989,686
18Gold 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: span 510243–510252
19Probe 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: r2 · c8 · span 1909864–1909873
20Perpetua 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
21Contango 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
22Section 10a, Gold Corp. reciprocityDEF 14A—0001071255-25-000033Gold Corp.'s most recent proxy was read; its disclosed peer group does not include Contango Silver & Gold. Filing ↗
23Section 10a, Probe Gold Inc. reciprocityDEF 14A—0000085535-26-000018Probe Gold Inc.'s most recent proxy was read; its disclosed peer group does not include Contango Silver & Gold. Filing ↗

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