secwatch.observer — SEC 8-K summary
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Issuer:     Contango Silver & Gold Inc. (CTGO)
CIK:        0001502377
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0000950170-25-047256
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Contango Ore receives $24M Q1 cash distribution from Peak Gold JV; production exceeds guidance
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- Peak Gold JV distributed $24M to Contango in Q1 ($9M from 2024 profits, $15M from 2025 first campaign).
- Campaign #1-2025 processed 323K tons at 0.215 oz/t grade, 93.5% recovery; Contango's 30% share ~19,500 oz gold.
- Company sold 13,961 oz from Campaign #1-2025; remainder expected by late April.
- 2025 cash distribution guidance raised to $80M at $2,800/oz gold, up from prior expectations.
- Full-year production guidance maintained at 60,000 oz (30% share); AISC ~$1,400/oz; life-of-mine avg 58,750 oz/yr through 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502377/000095017025047256/0000950170-25-047256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502377/000095017025047256/ctgo-20250331.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-047256

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