secwatch.observer — SEC 8-K summary
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Issuer:     Contango Silver & Gold Inc. (CTGO)
CIK:        0001502377
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0000950170-24-098283
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Contango Ore reports first gold production from Manh Choh: 55,000 oz poured, $32.2M in sales
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- Processed ~210,000 tons averaging 0.276 oz/ton (9.46 g/t) with 95% recovery, better than TRS estimate of 90%.
- Peak Gold JV poured ~55,000 oz gold and 11,000 oz silver; Contango's 30% share generated $32.2M in sales.
- Contango sold 8,900 oz hedged gold at $2,025/oz and 5,800 oz spot gold at $2,440/oz; blended $2,188/oz.
- 2024 production guidance: 30,000-40,000 oz gold for Contango's 30% share; expects strong cash position by year-end.
- CEO notes acquisition of HighGold and Johnson Tract increased mineral resources threefold; two more batches planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502377/000095017024098283/0000950170-24-098283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502377/000095017024098283/ctgo-20240819.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-098283

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