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.
Contango (CTGO) reported an updated mineral resource estimate for its 100%-owned Kitsault Valley Project effective September 11, 2026, showing a 93.1% increase in Indicated silver-equivalent resources to 89.55 million ounces (7.66 Mt at 363 g/t AgEq) and Inferred resources of 64.92 million ounces (6.31 Mt at 320 g/t AgEq).
Indicated silver ounces grew to 58.70 Moz Ag, alongside 394.70 koz Au, 9.38 Mlb Cu, 78.16 Mlb Pb and 88.85 Mlb Zn. Versus the 2023 estimate, Indicated tonnage rose 84.4% to 7.66 Mt, while Inferred tonnage decreased 7.7% and Inferred AgEq ounces declined 25.1%. The update integrates 370 new drill holes (175,264 m) within a total database of 1,873 holes (433,934 m) across eight deposits and is based on remodeled 3D geological domains in Leapfrog Geo. Silver-equivalent grades use metal prices of US$53/oz Ag and US$3,500/oz Au and assume mechanized underground mining. The company plans another MRE update in H1 2027 followed by an S-K 1300 Initial Assessment targeted for later in 2027.
Contango Silver and Gold (CTGO) reported initial 2026 infill and expansion drilling results from the Torbrit and North Star silver deposits at the Kitsault Valley Project in British Columbia, including 506 g/t AgEq over 13.90 meters at Torbrit and 807 g/t AgEq over 4.96 meters at North Star.
Step-out drilling has confirmed mineralization connecting Torbrit and North Star, indicating a unified silver system beneath the valley floor. Highlights at Torbrit include DV26-480 with 304 g/t AgEq over 25.00 meters, including 881 g/t AgEq over 2.30 meters, and DV26-515 with an upper zone grading 33.50 meters of 262 g/t AgEq plus a lower zone grading 66.35 meters of 165 g/t AgEq. At North Star, DV26-494 returned 2,254 g/t AgEq over 1.00 meter within 4.96 meters of 807 g/t AgEq. The 2026 program has expanded from 40,000 to over 50,000 meters with five rigs, and assays from most holes are still pending. None of the 2026 drilling is included in the Mineral Resource Estimate update expected later in September 2026.
Contango Silver and Gold (CTGO) reports 2026 field-season progress across its Manh Choh, Lucky Shot, Johnson Tract and Kitsault Valley projects.
At Manh Choh, the third 2026 production campaign began on August 20, with Fort Knox mill modifications for higher-grade sulfide ore completed and production expected to align with prior guidance, with detailed results to be included in Q3 financials anticipated in November 2026. The Lucky Shot surface drill program finished on August 29, delivering about 5,800 meters across 29 holes, and an underground campaign of roughly 10,000 meters is starting, aimed at supporting a Feasibility Study planned for late 2027.
At Johnson Tract, road, bridge and portal-site preparations are complete, with environmental and cultural baseline work nearly finished, supporting a project that previously outlined a post-tax NPV5 of USD $615.4 million and 60% IRR at $4,000/oz gold. At Kitsault Valley, 123 drillholes totaling over 46,446 meters have been completed, with drilling expected to finish by end-September and an updated Mineral Resource Estimate on track for late September.
Contango Silver and Gold (CTGO) reported initial 2026 surface diamond drill assay results from the Lucky Shot Project in Alaska and an update on underground development.
Key intercepts include hole LSS26016 with 2.45 meters grading 86.05 g/t Au, including 0.80 meters at 244.30 g/t Au and 0.30 meters at 49.96 g/t Au from the Coleman 3 vein extension, and hole LSS26003 with 0.50 meters at 81.57 g/t Au from Coleman 1. Approximately 5,700 meters in 27 surface drill holes, or about 93% of the planned 6,000-meter program, are complete. Underground, 332 meters of the planned 830 meters of lateral development (about 40%) are finished, including completion of the 2090W West Drift Extension. Development encountered two previously unmodeled KM-style mineralized vein structures, KM2 and KM3, with selective hand samples up to 395.10 g/t Au.
Contango (NYSE American: CTGO) reported Q2-2026 results, highlighting Manh Choh ramp-up, balance sheet changes and portfolio advancement. Contango’s share of Manh Choh sales was 8,627 oz of gold and 10,319 oz of silver, with cash costs of $2,641/oz and AISC of $2,877/oz. The Peak Gold JV distributed $9 M, bringing total returns from Manh Choh to $160 M against an initial $105 M investment, and quarter-end cash rose to $89.0 M from $64.8 M at year-end 2025.
The company reported a Q2-2026 operating loss of $8.5 M, net income of $4.8 M and adjusted net loss of $5.5 M. Contango amended its credit facility, replacing 15,000 oz of 2027 hedges with $33.7 M of additional debt and gold put options, raising facility principal to $46.3 M and fully eliminating its hedge book. It also secured 100% ownership of Lucky Shot by purchasing the underlying lease and 2% NSR for $16.1 M and settling $18.75 M of milestones for $6.6 M. Drilling and permitting advanced across Lucky Shot, Kitsault Valley and Johnson Tract, and the company reaffirmed 2026 production guidance of 40,000–45,000 oz and 2027 guidance of 75,000–80,000 oz of gold.
Contango (NYSE American: CTGO) amended its credit facility, converting the remaining 15,000 ounces of hedged gold into $33.0M of debt and cutting the interest rate to about 7.40% from 8.9%, with no restructuring fee.
Total principal rose from $12.6M to $46.3M, including $715,000 spent on 15,000 gold put contracts at $3,100/oz. Principal repayments are scheduled between September 30, 2026 and June 30, 2027.
Contango Silver and Gold (NYSE American: CTGO) signed an agreement to settle up to $18.75 million in Lucky Shot Project milestone obligations for approximately $6.57 million, consisting of a $5 million cash payment and 100,000 common shares. The company also received a $9 million cash distribution on June 25, 2026 from the Peak Gold JV tied to Manh Choh mine production, and states it now has 100% unencumbered control of the Lucky Shot asset.
Contango Silver and Gold (NYSE American: CTGO) reported 2026 project updates. The Lucky Shot surface drill program began June 22 with two rigs, targeting 29 holes over ~6,800 meters for infill and step-out drilling. Johnson Tract permitting and fieldwork are on schedule, while the Kitsault Valley program has completed over 14,000 meters toward a 40,000-meter plan. Contango has also delivered the remaining 11,000 ounces under its 2026 gold hedge contracts ahead of schedule, with 15,000 ounces scheduled for delivery in the first half of 2027.
Contango Silver & Gold (NYSE American: CTGO) reported results of its June 18, 2026 virtual annual meeting of stockholders. Shareholders elected seven directors to serve until the 2027 annual meeting and approved all proposals presented.
Stockholders ratified Baker Tilly US as 2026 auditor, approved executive compensation on a non-binding basis, and chose an annual advisory vote on that compensation.
Contango Silver and Gold (NYSE American: CTGO) reported final assays from the initial 2025/2026 underground drilling phase at the Lucky Shot project in Alaska and restart of underground exploration development.
Highlights include 0.17 m grading 972.10 g/t gold and plans for ~800 m of new underground workings to support ~12,000 m of follow-up drilling and future technical studies.