secwatch.observer — SEC 8-K summary
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Issuer:     Contango Silver & Gold Inc. (CTGO)
CIK:        0001502377
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0000950170-24-098038
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Contango Q2 net loss widens to $18.5M on derivative losses; first gold pour at Manh Choh in July
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- Net loss of $18.5M ($1.90/sh) vs $10.4M ($1.38/sh) in Q2 2023; includes $12.6M non-cash loss on derivatives.
- Interest costs rose to $2.9M from $0.6M due to credit facility draws.
- Gold hedging in place: 124,600 oz at $2,025/oz through Dec 2026, covering ~65% of expected production.
- Manh Choh project poured first gold bar on July 8, 2024; ore transportation ramping to planned volumes.
- Completed acquisition of HighGold Mining on July 10, issuing ~1.7M shares valued at $33.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502377/000095017024098038/0000950170-24-098038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502377/000095017024098038/ctgo-20240813.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-098038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer