Contango Silver & Gold (NYSE: CTGO) appoints BDO as new auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Contango Silver & Gold Inc. reports that its Audit Committee dismissed Baker Tilly US, LLP as independent registered public accounting firm on June 24, 2026 and appointed BDO Canada LLP as the new auditor. Baker Tilly’s reports on the consolidated financial statements for the years ended December 31, 2025 and 2024 were unqualified and not modified for uncertainty, scope, or accounting principles.
The company states there were no disagreements with Baker Tilly and no reportable events under Item 304(a)(1)(v) of Regulation S‑K through June 24, 2026. BDO will serve as auditor for the fiscal year ending December 31, 2026 and related interim periods.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 4.01, 9.01
2 items
Item 4.01
Changes in Registrant's Certifying Accountant
Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Auditor dismissal date: June 24, 2026
New auditor fiscal year: Fiscal year ending December 31, 2026
Prior audit years: 2025 and 2024
+1 more
4 metrics
Auditor dismissal date
June 24, 2026
Audit Committee approved dismissal of Baker Tilly
New auditor fiscal year
Fiscal year ending December 31, 2026
BDO Canada LLP engagement period
Prior audit years
2025 and 2024
Baker Tilly audit reports on consolidated financial statements
Exhibit 16.1 letter date
June 26, 2026
Baker Tilly letter to SEC regarding auditor change
Key Terms
independent registered public accounting firm, Audit Committee, reportable events, Item 304(a)(1)(v) of Regulation S-K, +1 more
5 terms
independent registered public accounting firm financial
"approved the dismissal of Baker Tilly US, LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Audit Committee financial
"the Audit Committee of the Board of Directors of Contango Silver & Gold Inc."
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
reportable events regulatory
"no (a) disagreements with Baker Tilly ... or (b) reportable events requiring disclosure"
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
Item 304(a)(1)(v) of Regulation S-K regulatory
"no ... reportable events requiring disclosure pursuant to Item 304(a)(1)(v) of Regulation S-K"
Emerging growth company regulatory
"Emerging growth company Item 4.01 Changes in Registrant’s Certifying Accountant."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What change in auditor did Contango Silver & Gold (CTGO) disclose?
Contango Silver & Gold’s Audit Committee dismissed Baker Tilly US, LLP and appointed BDO Canada LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2026, including related interim periods, effective from the committee’s decision on June 24, 2026.
Why was Baker Tilly US, LLP dismissed by Contango Silver & Gold (CTGO)?
The filing states Baker Tilly was dismissed by the Audit Committee but does not give a specific reason. It emphasizes that Baker Tilly’s audit reports for 2024 and 2025 were unqualified and that there were no disagreements or reportable events during the covered periods.
Did Contango Silver & Gold (CTGO) report any disagreements with Baker Tilly?
No disagreements were reported. The company states there were no disagreements with Baker Tilly on accounting principles, financial statement disclosure, or audit scope, and no reportable events required under Item 304(a)(1)(v) of Regulation S‑K through June 24, 2026.
What periods did Baker Tilly audit for Contango Silver & Gold (CTGO)?
Baker Tilly audited Contango Silver & Gold’s consolidated financial statements as of December 31, 2025 and 2024 and for the years then ended. Its audit reports for those years contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
What role will BDO Canada LLP play for Contango Silver & Gold (CTGO)?
BDO Canada LLP has been engaged as Contango Silver & Gold’s independent registered public accounting firm for the fiscal year ending December 31, 2026 and related interim periods. The company also notes it did not previously consult BDO on accounting applications, audit opinions, disagreements, or reportable events.
What is Exhibit 16.1 in Contango Silver & Gold’s CTGO 8-K?
Exhibit 16.1 is a letter from Baker Tilly to the Securities and Exchange Commission dated June 26, 2026. The company requested this letter so Baker Tilly could state whether it agrees with Contango Silver & Gold’s disclosures regarding the change in auditors and any areas of disagreement.