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Contango Silver & Gold Inc.

NYSE:CTGO
US$16.25Close 7 Oct 2026 · delayed

Past year: ▼ 24%(15.40 – 30.07 USD)

Market cap
A$769m
Shares on issue
33.4m
In-ground value
A$442m
Risked multiple
0.57×
Story beats
24 since 2013
Last event
8 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

8 July 2026debt financing▲ GoodMajor

Contango Silver & Gold unwound its remaining Manh Choh gold hedges by converting them into about $33 million of additional term debt at a lower interest margin, buying gold puts instead for downside protection -- freeing up more of its production to benefit from higher gold prices.

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29 June 2026material agreement▲ GoodMajor

Contango Silver & Gold settled its remaining earn-out obligation to CRH Funding from the 2021 Lucky Shot purchase for $5 million cash plus 100,000 shares, and separately received its first cash distribution from the Peak Gold joint venture now that Manh Choh is producing.

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26 June 2026auditor change● Neutral

Contango Silver & Gold dismissed Baker Tilly and hired BDO Canada as its new independent auditor, aligning its audit firm with its newly combined, more Canadian-facing shareholder base after the Dolly Varden merger.

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8 May 2026debt financing▲ GoodMajor

Contango Silver & Gold bought outright ownership of the underlying land and mining claims at its Lucky Shot project for about $16.1 million (cash plus a seller note), eliminating the 2% royalty it previously owed under the site's lease.

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27 Mar 2026business combination▲ GoodMajor

Contango ORE completed its merger of equals with Dolly Varden Silver and renamed itself "Contango Silver & Gold Inc.": former Dolly Varden holders now own about 50% of the combined company, Dolly Varden's Shawn Khunkhun becomes President while Rick Van Nieuwenhuyse stays CEO, Clynton Nauman becomes Chairman (Brad Juneau stepping down from that role but remaining a director), and the company adds Dolly Varden's Kitsault Valley silver project to its Alaska gold portfolio.

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19 Mar 2026business combination▲ GoodMajor

Contango's shareholders voted overwhelmingly (99.7%) to approve the Dolly Varden Silver merger, clearing the last major hurdle before closing.

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11 Mar 2026business combination▲ Good

Independent proxy advisory firms recommended Contango shareholders vote in favor of the pending Dolly Varden Silver merger.

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12 Feb 2026material agreement▲ GoodMajor

Contango ORE raised about $47.2 million in a stock and pre-funded-warrant offering, earmarking most of it to buy back its Manh Choh gold hedge contracts and buy downside-protection puts instead -- unwinding the fixed-price hedges just as gold prices were rising.

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11 Feb 2026business combination● Neutral

Contango ORE filed its preliminary proxy statement for the Dolly Varden Silver merger with the SEC, a procedural step toward the shareholder vote.

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11 Dec 2025business combination▲ GoodMajor

Contango ORE agreed to a merger-of-equals with Dolly Varden Silver, a Canadian silver explorer: Dolly Varden shareholders will get about 50% of the combined company, which will be renamed "Contango Silver & Gold Inc." and add Dolly Varden's Kitsault Valley silver project in British Columbia to Contango's Alaska gold assets.

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26 Sept 2025material agreement▲ GoodMajor

Contango ORE raised about $47.5 million in a stock and pre-funded-warrant offering to advance its Lucky Shot and (HighGold-acquired) Johnson Tract projects toward production decisions -- its largest capital raise yet outside the Manh Choh joint venture.

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5 June 2025auditor change● Neutral

Contango ORE's auditor Moss Adams merged into Baker Tilly, which took over as the company's independent accounting firm with no disagreements over prior filings.

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8 Nov 2024listing compliance notice▼ BadMajor

Contango Silver & Gold Inc. deregistered its securities, ending its obligation to file reports with the SEC.

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10 July 2024asset acquisition disposition▲ GoodMajor

Contango ORE completed its acquisition of HighGold Mining, adding the Johnson Tract project and a new board seat for HighGold's former CEO -- closing just two days after the Manh Choh mine poured its first gold.

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12 June 2024material agreement● Neutral

Contango ORE raised about $14.2 million selling stock-and-warrant units at $20.50, additional funding as it absorbs the HighGold and Avidian deals.

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8 May 2024production update▲ GoodMajor

Contango ORE announced the first gold pour at the Manh Choh mine, the milestone marking the start of actual production after years of exploration and construction.

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6 May 2024business combination▲ GoodMajor

Contango ORE agreed to buy Canadian explorer HighGold Mining in an all-stock deal (about $37 million, existing Contango holders keeping ~85%), adding HighGold's Johnson Tract project in Alaska, and separately agreed to buy Avidian Gold's Alaska subsidiary (Golden Zone and Amanita properties) for up to $3.4 million -- the start of Contango diversifying beyond its Peak Gold joint venture.

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8 Aug 2023debt financing● Neutral

Contango ORE locked in gold hedges with ING and Macquarie for 124,600 ounces at $2,025/oz, covering about 45% of its expected Manh Choh production through 2026, as required under its project-finance facility.

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26 July 2023material agreement▲ GoodMajor

Contango ORE raised about $28-32 million in a public stock offering at $19.00/share, adding cash to fund its share of the Manh Choh build and its newer Lucky Shot project.

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16 June 2023resource reserve update▲ Good

Contango ORE published the first formal resource estimate for its newly acquired Lucky Shot project, an early step toward proving it up as a second mine alongside Manh Choh.

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9 June 2023material agreement● Neutral

Contango ORE set up a $40 million at-the-market common stock sales program with Cantor Fitzgerald, a standing option to raise equity gradually as it funds its share of the Manh Choh build.

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2 June 2023resource reserve update▲ Good

Published the S-K 1300 technical report summary for Manh Choh, setting out the feasibility study and subsequent economic update prepared by joint-venture partner KG Mining (Alaska), a Kinross Gold subsidiary. The same filing noted Contango would join the Russell 3000 and Russell Microcap indexes from 26 June.

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19 May 2023debt financing▲ GoodMajor

Contango ORE lined up a $70 million project-finance facility from ING and Macquarie to fund its 30% share of building the Manh Choh mine, drawing $10 million at closing with more available as construction milestones are met.

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19 Jan 2023capital raising announcement▲ Good

Contango raised a smaller amount selling 117,500 shares plus warrants at $20.00/share, continuing its steady pre-production financing pattern.

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2 Sept 2022security holder rights change● Neutral

Contango ORE extended its poison-pill rights plan by another year alongside its annual results release, routine housekeeping.

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28 July 2022resource reserve update▲ GoodMajor

Kinross's board approved development of the Peak Gold joint venture's project -- now named Manh Choh -- after a positive feasibility study, the milestone that turns Contango's 30% stake from an exploration bet into a funded mine under construction.

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13 Apr 2022capital raising announcement▲ GoodMajor

Contango agreed to issue a $20 million unsecured convertible debenture to Queen's Road Capital Investment at 8% interest, convertible at $30.50/share -- new mezzanine financing ahead of the larger ING/Macquarie project debt facility it would arrange the following year to fund Manh Choh construction.

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23 Nov 2021listing compliance notice▲ GoodMajor

the exchange certified Contango Silver & Gold Inc.'s securities for listing, clearing them to begin trading.

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22 Sept 2021security holder rights change● Neutral

Contango ORE extended its poison-pill rights plan by another year, routine anti-takeover housekeeping.

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25 Aug 2021asset acquisition disposition▲ GoodMajor

Contango ORE bought the Lucky Shot gold project in Alaska from CRH Funding for $5 million cash plus a $6.25 million note, its first material asset outside the Peak Gold joint venture, with further payments due if the project hits production milestones.

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