Welcome to our dedicated page for CONTANGO SILVER & GOLD news (Ticker: CTGO), a resource for investors and traders seeking the latest updates and insights on CONTANGO SILVER & GOLD stock.
News for Contango ORE, Inc. (NYSE American: CTGO) centers on its gold and associated minerals exploration and development activities in Alaska and its corporate transactions. Company press releases and SEC-related announcements highlight production results, cash distributions from the Peak Gold JV at the Manh Choh project, financing events, project milestones, and a planned merger with Dolly Varden Silver Corporation.
Investors following CTGO news can expect regular updates on Manh Choh production campaigns, including ounces of gold produced and sold on a 30% basis to Contango, cash costs and all-in sustaining costs, and the size and timing of cash distributions from the Peak Gold JV. These updates often discuss how operating cash flow is used to reduce debt, manage hedge contracts, and strengthen the company’s balance sheet.
Another recurring news theme is the advancement of the Lucky Shot and Johnson Tract projects. Releases describe underground and surface drilling programs at Lucky Shot to support a feasibility-level mine and transportation plan using a Direct Shipping Ore model. At Johnson Tract, news has covered baseline environmental and engineering work, permitting for an underground exploration drift, and acceptance of the project as a covered project under the FAST-41 federal permitting program.
Contango’s news flow also includes capital markets and corporate developments, such as an underwritten public offering of common stock and pre-funded warrants, inclusion in the Global Junior Gold Miners Index (GDXJ), and the Arrangement Agreement with Dolly Varden Silver Corporation to form a combined company expected to be named Contango Silver & Gold Inc. These items provide context on how the company finances project development and positions itself in the broader precious metals sector.
By monitoring this CTGO news page, readers can track operational performance at Manh Choh, progress at development-stage projects, key permitting milestones, financing activities, and the status of the planned Dolly Varden transaction, all drawn from company-issued disclosures and regulatory filings.
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.
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.
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).
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.
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.
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%.
Contango ORE (NYSE American: CTGO) provided a corporate update on Johnson Tract permitting, Manh Choh operations and recent hedge settlements on Feb 17, 2026.
The Johnson Tract project was placed on the FAST-41 Dashboard on Jan 30, 2026 and the Company submitted its first Initial Application for a permit on Feb 2, 2026. Manh Choh commenced Campaign #1-2026 on Feb 5, 2026 with processing through the Kinross Fort Knox mill into early to mid-March. Contango paid $46,381,535 on Feb 12, 2026 to settle 15,446 ounces of gold hedges at an average strike of $2,025/oz, and paid $448,986 to buy matching puts at a $4,000/oz strike. Remaining hedges: 11,000 oz in 2026 and 15,000 oz in H1 2027.
Summary not available.
Contango ORE (NYSE American: CTGO) will host a webcast and conference call on February 12, 2026 at 12:00 PM PT / 3:00 PM ET to discuss a recent financing. According to the company, proceeds will be directed toward reducing the company’s hedge book.
Webcast link: https://6ix.com/event/contango-ore-update-on-feb-2026-financing
Contango ORE (NYSE:CTGO) closed an underwritten offering of common stock and pre-funded warrants on February 12, 2026, raising approximately $50 million in gross proceeds. The offering sold 1,678,206 shares at $24.96 per share and pre-funded warrants for 325,000 shares at $24.95 each.
The company intends to use about $45,000,000 of net proceeds to buy back gold hedge contracts and approximately $700,000 to purchase gold put contracts for downside protection; remaining funds will support general corporate purposes and working capital.