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.
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 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.
Contango ORE (NYSE American: CTGO) has announced a webinar to discuss its recently completed $50 million financing and plans for its Lucky Shot and Johnson Tract properties. The company aims to increase gold production from 60,000 ounces to 200,000 ounces annually using its direct ship ore (DSO) model.
CEO Rick Van Nieuwenhuyse highlighted that with only 15.5 million shares outstanding and a strong balance sheet, Contango is positioned for growth while maintaining operations at Manh Choh and reducing hedge book and debt obligations. The company plans to report results from its third 2025 campaign soon.
Contango ORE (NYSE American: CTGO) has successfully closed a $50 million underwritten public offering of common stock and pre-funded warrants. The offering consisted of 1,975,000 common shares priced at $20.00 per share and pre-funded warrants to purchase 525,000 shares at $19.99 per share.
The proceeds will fund two key projects: the fully permitted Lucky Shot project's advancement toward a mine production decision, and the Johnson Tract project's development, including road construction, camp winterization, and exploration tunnel construction. Canaccord Genuity served as Sole Bookrunner, with Cormark Securities as Lead Manager.