---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-059733"
form_type: "8-K"
ticker: "CTGO"
cik: "0001502377"
company_name: "Contango Silver & Gold Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:45:11.690951+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Contango Ore posts Q1 net loss of $20.5M, plans $37M stock acquisition of HighGold

## Summary
- Net loss of $20.5M ($2.14 loss per share) in Q1 2024 vs $7.9M loss ($1.09 loss per share) in Q1 2023.
- Q1 loss includes $15.6M non-cash charge from mark-to-market gold derivative contracts.
- Manh Choh project (30% owned) on track for first production in early Q3 2024; mining and ore transport ramping up.
- Entered arrangement to acquire HighGold Mining for ~$37M in stock (0.019 CTGO shares per HighGold share), closing expected July 2024.
- Invested additional $15.5M in Peak Gold JV for Manh Choh construction expenditures.

## SEC filing metadata
- accession: 0000950170-24-059733
- form_type: 8-K
- ticker: CTGO
- cik: 0001502377
- company_name: Contango Silver & Gold Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502377/000095017024059733/0000950170-24-059733-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502377/000095017024059733/ctgo-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-059733
- JSON: https://secwatch.observer/filing/0000950170-24-059733.json
- Plain text: https://secwatch.observer/filing/0000950170-24-059733.txt

## Key facts
- Earnings Releases
  Contango Silver & Gold Inc. reported the three month period ended March 31, 2024 results: net income a net loss of $20.5 million or a loss of $2.14 per basic and diluted share, EPS $2.14 per basic and diluted share.
  - Period: the three month period ended March 31, 2024
  - Net income: a net loss of $20.5 million or a loss of $2.14 per basic and diluted share
  - EPS: $2.14 per basic and diluted share
  - Result: reported results
  source text: The Company reported a net loss of $20.5 million or a loss of $2.14 per basic and diluted share for the three month period ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000095017024059733/0000950170-24-059733-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.