secwatch.observer — SEC 8-K summary
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Issuer:     Contango Silver & Gold Inc. (CTGO)
CIK:        0001502377
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001193125-24-067979
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Contango Ore reports $40.8M net loss for transition period; Manh Choh on track for H2 2024 production
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- Net loss of $40.8M ($4.44 per share) for six months ended Dec 31, 2023 vs $21.4M loss ($3.15) in prior period.
- Unrealized loss of $23.4M on gold hedging contracts drove higher loss; increased interest and G&A also contributed.
- Manh Choh project construction complete on budget; initial production expected in H2 2024; ore mining and stockpiling started.
- Closed $70M senior secured credit facility with ING/Macquarie; completed $30.4M public offering in July 2023.
- Fiscal year changed from June 30 to December 31 to align with Peak Gold JV partner Kinross.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502377/000119312524067979/0001193125-24-067979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502377/000119312524067979/d523104d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-067979

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