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 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.
Contango ORE (NYSE:CTGO) priced an underwritten offering to raise approximately $50 million gross by selling 1,678,206 common shares at $24.96 and pre-funded warrants for 325,000 shares at $24.95.
Contango intends to use about $45.0 million to buy back gold hedge contracts and about $700,000 to purchase gold put contracts; closing expected on or about February 12, 2026.
Contango ORE (NYSE American: CTGO) and Dolly Varden Silver (TSXV: DV / NYSE American: DVS) agreed to merge on a merger-of-equals to form Contango Silver & Gold Inc., combining the cash-flowing Manh Choh gold mine with high-grade silver and gold projects in Alaska and British Columbia.
Key metrics: >US$100 million combined cash, ~US$15 million debt, 173,400 oz gold produced in first nine months of 2025 (52,020 oz attributable to Contango), Johnson Tract Initial Assessment NPV5% US$615 million and IRR 53% (at US$4,000/oz), and Kitsault Valley indicated 34.7 Moz silver. Transaction targets ~50/50 ownership, Exchange Ratio 0.1652 CTGO share per DV share, and closing expected late Feb–early Mar 2026 subject to court, shareholder and regulatory approvals.
Contango (NYSE American: CTGO) announced that the Johnson Tract Critical Metals Project was accepted as a "covered project" into the Federal Permitting Improvement Steering Council's FAST-41 program on December 1, 2025. The company said the designation will provide enhanced coordination with the US Army Corps of Engineers, cooperating state and federal agencies, and CIRI, and aims to deliver more predictable timelines, improved public transparency, and accountability during permitting.
The release notes FAST-41's structured permitting process, public Permitting Dashboard, and references a August 27, 2025 Memorandum of Understanding between the Permitting Council and the State of Alaska to support federal-state cooperation under FAST-41.
Contango (NYSE American: CTGO) has started an underground and surface drill program at Lucky Shot to complete a Feasibility Study. Drilling began on November 19, 2025 and will run through 2026 in four phases, with assays released in batches starting in Q1 2026 and the Feasibility Study targeted for completion in 2027.
The underground program targets ~18,000 meters across 210 drill holes to in-fill the Lucky Shot vein to Proven and Probable categories. Selected holes will receive hydrological and geotechnical testing; select core will undergo advanced metallurgical, geochemical, and specific gravity testing to support a reserve model. Channel samples from the West Drift reported high-grade intervals, including 26.1 g/t, 379 g/t, and 9.1 g/t gold over 0.5 m.
Contango (NYSE:CTGO) filed its Form 10-Q for the quarter ended Sept 30, 2025, reporting record $25.0M income from operations, $24.9M adjusted net income and an unrestricted cash position of $107.0M at quarter end.
The company sold 16,669 oz of gold in Q3-2025 with cash costs of $1,402/oz and AISC of $1,597/oz—below its 2025 target of $1,625/oz. YTD operating cash flow was $60.2M, boosted by $87.0M in Peak Gold JV cash distributions.
Operational updates: Q4 production guidance (Contango 30% share) is 6,000–8,000 oz, plus ~1,300 oz from a Manh Choh test blend; a 15,000 m Lucky Shot infill drill program is mobilizing with assays expected in Q1 2026.
Contango (NYSE American: CTGO) has announced successful completion of its third production campaign for 2025 at the Peak Gold JV, with Contango's 30% share yielding approximately 17,000 ounces of gold. The company received a $33 million cash distribution, bringing year-to-date distributions to $87 million.
Campaign #3-2025 processed 287,000 tons of ore with a 92.5% gold recovery rate. The company has reduced its hedge contract balance to 49,300 ounces and decreased its credit facility debt by 37% to $14.6 million. Contango expects total 2025 cash distributions from Peak Gold JV to exceed $100 million, assuming a $3,500 per ounce gold price.
The company aims to triple production from 60,000 to 200,000 gold equivalent ounces over five years through development of Lucky Shot and Johnson Tract projects.