1. Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO)
Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO) carries a forward P/E of 2.02x, securing its place on our list of the most undervalued silver mining stocks to buy now. Meanwhile, analysts see 139.20% upside for the stock.
On May 26, 2026, Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO) announced the start of its 2026 Kitsault Valley surface drill program.
Three diamond drills are currently active, focused on infill and resource expansion at the Torbrit and North Star deposits, with two more drills expected online within the week. The full program calls for roughly 40,000 meters of drilling, largely aimed at infill and resource expansion across the Dolly Varden deposits (Torbrit, North Star, and Dolly Varden), the Wolf deposit, and the Homestake Ridge deposits (Homestake Main and Homestake Silver). About 10,000 meters of exploration drilling will be targeted elsewhere across the company’s land package in British Columbia’s Golden Triangle.
The drilling is meant to support a new resource update and a preliminary economic study, expected in the first half of 2027.
Rob van Egmond, Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO)’s VP Exploration for Canada, said drilling will start at the Dolly Varden deposits and Wolf before moving north to the Homestake Ridge deposits later in the season. He pointed to the discovery of Torbrit-style mineralization at Wolf late in the 2025 season, where drill hole DV25-470 returned 518 grams per ton silver, 0.19% lead, and 0.34% zinc over 0.52 meters, within a broader zone grading 66 grams per ton silver, 0.12% lead, and 0.19% zinc over 12.45 meters, including native silver. Van Egmond called it a kilometer-scale opportunity for further testing.
Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO) explores for gold and minerals in Alaska and British Columbia’s Golden Triangle, holding a 30% stake in the Peak Gold JV, plus interests in the Johnson Tract, Lucky Shot, and Kitsault Valley properties.
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