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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
26 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 agreed to settle its remaining Lucky Shot milestone payments to CRH Funding for $5 million in cash plus 100,000 new shares. It also announced it had received a cash distribution from the Peak Gold JV from Manh Choh production.

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26 June 2026auditor change● Neutral

Contango's Audit Committee dismissed Baker Tilly US as auditor on June 24, 2026, and engaged BDO Canada LLP for fiscal 2026. Baker Tilly's reports had no adverse opinions and there were no disagreements.

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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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13 Feb 2026business combination● NeutralMajor

Contango ORE filed the final proxy statement for the Dolly Varden merger and set a special shareholder meeting for March 17, 2026 (record date February 2, 2026). The three proposals are unchanged from the draft: issuing shares to Dolly Varden holders at 0.1652 per share, raising authorized shares from 45,000,000 to 250,000,000, and a 2026 Omnibus Incentive Plan. The board unanimously recommends voting for all three. This fills in the dates left blank in the January draft.

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12 Feb 2026material agreement▲ GoodMajor

Contango ORE priced an underwritten offering of 1,678,206 shares at $24.96 plus a pre-funded warrant for 325,000 shares, for estimated net proceeds of about $47.2 million. It planned to use about $45 million to buy back gold hedge contracts and about $700,000 to buy gold puts for downside protection.

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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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9 Jan 2026business combination● NeutralMajor

Contango ORE filed a preliminary (draft) proxy statement asking its shareholders to vote on the December 2025 Dolly Varden Silver deal. Dolly Varden holders would receive 0.1652 of a Contango share per Dolly Varden share, leaving each group with about 50% of the combined company. Shareholders would also vote to raise authorized shares from 45,000,000 to 250,000,000 and to approve a 2026 Omnibus Incentive Plan. The meeting date and record date are still blank, and the deal still needs court, regulatory and Dolly Varden shareholder approvals.

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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 priced and closed an underwritten offering of 1,975,000 shares at $20.00 and a pre-funded warrant for 525,000 shares to two institutional investors, for about $50 million gross and roughly $47.5 million net. Proceeds were to advance Lucky Shot toward a mine production decision and Johnson Tract.

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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 priced an underwritten offering of 731,750 units at $20.50, each with one share and half a warrant, for net proceeds of about $14.2 million. The money is for general corporate purposes, including exploration at Lucky Shot and HighGold's Johnson Tract.

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8 May 2024production update▲ GoodMajor

Contango said its 30%-owned Manh Choh project, operated by Kinross, was on track for first gold production in early Q3 2024. Mining was ongoing with the full fleet operating, ore trucking to Fort Knox was ramping up, and mill modifications were on plan.

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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's subsidiary CORE Alaska entered hedges with ING and Macquarie to sell 124,600 ounces of gold at a weighted average $2,025/oz, as its credit facility required. Deliveries run July 2024 to December 2026 and cover about 45% of the company's interest in projected Manh Choh life-of-mine production.

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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, bearing 8% interest and convertible at $30.50 per share, with a four-year maturity. Proceeds were to fund Peak Gold JV commitments, Lucky Shot exploration and general corporate purposes.

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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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