---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001282"
form_type: "8-K"
ticker: "CTGO"
cik: "0001502377"
company_name: "Contango Silver & Gold Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:41:09.002599+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Contango Ore hedges 124,600 oz of gold at $2,025/oz for Manh Choh mine

## Summary
- CORE Alaska entered fixed-price gold hedges on 124,600 oz at $2,025/oz via ISDA agreements with ING and Macquarie.
- Hedge covers ~45% of Contango's interest in Manh Choh mine production; deliveries start July 2024 through Dec 2026.
- Hedges were required under the company's existing Credit and Guarantee Agreement with ING and Macquarie.

## SEC filing metadata
- accession: 0001157523-23-001282
- form_type: 8-K
- ticker: CTGO
- cik: 0001502377
- company_name: Contango Silver & Gold Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502377/000115752323001282/0001157523-23-001282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502377/000115752323001282/a53512244.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001282
- JSON: https://secwatch.observer/filing/0001157523-23-001282.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001282.txt

## Key facts
- Debt Financings
  Contango Silver & Gold Inc. incurred guarantee of 124,600 ounces of gold with ING Capital LLC and Macquarie Bank Limited maturing December 2026.
  - Instrument: guarantee
  - Principal: 124,600 ounces of gold
  - Counterparty: ING Capital LLC and Macquarie Bank Limited
  - Maturity: December 2026
  - Event: incurrence
  source text: On August 2, 2023, CORE Alaska, LLC (“CORE Alaska”), a subsidiary of Contango ORE, Inc. (the “Company”), pursuant to an ISDA Master Agreement entered into with ING Capital Markets LLC (the “ING ISDA Master Agreement”) and an ISDA Master Agreement entered into with Macquarie Bank Limited (the “Macquarie ISDA Master Agreement”), in accordance with its obligations under that certain Credit and Guarantee Agreement, by and among the Registrant, its subsidiaries, ING Capital LLC (“ING”) and Macquarie Bank Limited (“Macquarie”), entered into a series of customary hedging agreements with ING and Macquarie for the sale of an aggregate of 124,600 ounces of gold at a weighted average price of $2,025 per ounce.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000115752323001282/0001157523-23-001282-index.htm
- Material Agreements
  Contango Silver & Gold Inc. entered into Macquarie ISDA Master Agreement with Macquarie Bank Limited (effective 2023-05-17).
  - Action: entry
  - Counterparty: Macquarie Bank Limited
  - Effective: 2023-05-17
  source text: The ING ISDA Master Agreement and Macquarie ISDA Master Agreement, which were both entered into on May 17, 2023 but became operative with the execution of the aforementioned hedge agreements, are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000115752323001282/0001157523-23-001282-index.htm
- Material Agreements
  Contango Silver & Gold Inc. entered into ING ISDA Master Agreement with ING Capital Markets LLC (effective 2023-05-17).
  - Action: entry
  - Counterparty: ING Capital Markets LLC
  - Effective: 2023-05-17
  source text: The ING ISDA Master Agreement and Macquarie ISDA Master Agreement, which were both entered into on May 17, 2023 but became operative with the execution of the aforementioned hedge agreements, are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000115752323001282/0001157523-23-001282-index.htm

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