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CONTANGO SILVER & GOLD (CTGO) Stock News

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Contango Silver & Gold Inc. reports developments from a gold, silver and associated minerals business focused on exploration, development and joint venture activity in Alaska and British Columbia. Recurring updates include cash distributions from the Peak Gold JV, operating and financial results tied to Manh Choh operations, and exploration or development work at assets such as Lucky Shot, Johnson Tract and Kitsault Valley.

Company news also covers capital-structure and market-listing matters, including CTGO common shares trading on the NYSE American and TSX, as well as material agreements, shareholder voting matters and governance changes. Formerly Contango Ore Inc., the company’s updates center on mineral project advancement, joint venture economics and public-company disclosure events.

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Contango Silver and Gold (NYSE American: CTGO) reported Q1 2026 results, including its first quarter of Manh Choh production and major corporate actions.

Contango’s share of Manh Choh sales was 8,012 oz gold and 15,042 oz silver, generating $4.8M income from operations, $4.7M adjusted net income, and a $14.3M net loss driven by a $19.0M derivative loss.

Cash rose to $97.5M, helped by a $9M JV distribution and $50M equity raise. The company repaid $1.0M of debt (leaving $13.6M), reduced hedge exposure, guided 2026 Manh Choh gold output of 40–45k oz and 2027 output of 75–80k oz, and agreed to acquire 100% of Lucky Shot for $16.1M.

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Contango (NYSE: CTGO) completed the initial phase of its 2025/2026 Lucky Shot underground drill campaign, reporting 65 HQ diamond holes for 6,020 meters and multiple high‑grade intercepts (e.g., 0.50 m @ 74.20 g/t Au). The company agreed to acquire the Lucky Shot property and extinguish a 2% NSR for $16,074,000 (including a $10.0M promissory note).

Planned next steps include ~800 m of underground development (mid‑May 2026, ~5 months) to enable a ~12,000 m follow‑up drill program and support a Feasibility Study targeted for H1 2027.

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Contango (NYSE American: CTGO) received a $9.0 million cash distribution from the Peak Gold JV on March 25, 2026 and outlined a fully funded 2026 exploration program focused on advancing Lucky Shot, Johnson Tract and Kitsault Valley toward development.

Key 2026 budgets include $21M for Lucky Shot drilling, $17M for Johnson Tract infrastructure and $25M for a 40,000m Kitsault Valley drill campaign; a Feasibility Study and updated MREs are targeted for H1 2027 and end of Q2 2026 respectively.

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Contango (NYSE American: CTGO; TSX: CTGO) announced its common shares were approved and posted for trading on the Toronto Stock Exchange effective April 13, 2026. The CUSIP remains 21077F100 and the company highlighted expected increased visibility and liquidity in Canada to support its Alaska and British Columbia projects.

The press release notes exchangeable shares of Dolly Varden Silver subsidiary are not listed and are subject to transfer restrictions unless TSX provides prior written approval.

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Contango (NYSE American: CTGO) completed its merger with Dolly Varden on March 26, 2026, combining high‑grade Alaska and British Columbia assets into a single precious‑metals company.

Key terms: exchange ratio 0.1652, Contango issued 13,686,278 shares and replacement options for 417,048 shares, Acquireco issued 1,597,301 exchangeable shares; post-close outstanding Contango shares: 30,507,599 (excl. exchangeable). The combined group holds more than US$100 million cash and a 50/50 ownership split. Dolly Varden delisting expected March 27, 2026 (TSXV) and April 6, 2026 (NYSE American); Contango has applied to list on the Toronto Stock Exchange.

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Contango (NYSE American: CTGO) reported that stockholders approved three merger-related proposals at a special meeting on March 17, 2026, including the Arrangement with Dolly Varden, an increase of authorized shares to 250,000,000, and a 2026 Omnibus Incentive Plan.

Voting tallies showed 99.70% support for the Arrangement; the Arrangement still requires British Columbia Supreme Court final approval on March 23, 2026. 9,976,278 Common Shares (≈66% of outstanding) were voted.

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Contango (NYSE:CTGO) filed its FY 2025 Form 10-K reporting Contango's 30% share of Manh Choh production of 60,200 GEO, adjusted net income of $73.0M, a net loss of $36.1M (including a $46.0M unrealized derivative loss), and unrestricted cash of $64.8M at year-end.

The company repaid $37.5M of debt, received $102M in JV cash distributions, completed equity raises totaling $100M gross, and provided 2026–2027 production guidance with Contango’s share of gold at 40k–45k oz (2026) and 75k–80k oz (2027).

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Contango Ore (NYSE:CTGO) is featured on BTV alongside six other resource companies, highlighting mergers, advanced projects, and large drill programs across North America and Europe. Key items include Contango's merger to form Contango Silver & Gold targeting 200,000 oz Au and up to 6 million oz Ag, Critical Elements' construction-ready lithium asset with permits and conditional financing, funded multi‑tenure drill campaigns at Dryden, Kirkland Lake, Klondike, and a Selkirk copper restart plan with a 50,000‑metre program and a PEA targeted this year.

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Contango ORE (NYSE:CTGO) reported initial results from its 2025/2026 underground drill program at Lucky Shot, Alaska, including 5.92 m @ 60.22 g/t Au (incl. 1.16 m @ 294.77 g/t) and multiple other high‑grade intercepts. The program has completed 2,063 m in 20 HQ holes and identified a new KM vein. Ongoing drilling supports a planned mineral resource update and feasibility study targeted for H1 2027.

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Contango ORE (NYSE:CTGO) filed and mailed its definitive proxy statement dated February 13, 2026, for a special meeting to approve a proposed plan of arrangement with Dolly Varden.

Key facts: virtual meeting March 17, 2026 at 12:00 PM CT; proxy voting deadline March 13, 2026; exchange ratio 0.1652; authorized shares increase 45,000,000 to 250,000,000; board unanimously recommends approval; voting support agreements represent ~22%.

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FAQ

What is the current stock price of CONTANGO SILVER & GOLD (CTGO)?

The current stock price of CONTANGO SILVER & GOLD (CTGO) is $20.6 as of May 25, 2026.

What is the market cap of CONTANGO SILVER & GOLD (CTGO)?

The market cap of CONTANGO SILVER & GOLD (CTGO) is approximately 633.9M.