secwatch.observer — SEC 8-K summary
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Issuer:     Contango Silver & Gold Inc. (CTGO)
CIK:        0001502377
Form:       8-K
Filed at:   2026-05-15T20:30:25+00:00
Accession:  0001193125-26-226963
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Contango Q1 net loss $14.3M, adj net income $4.7M; Lucky Shot acquisition for $16.1M
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- Net loss $14.3M ($0.83/diluted share) vs $22.5M loss YoY; adjusted net income $4.7M.
- Manh Choh: 8,012 oz gold sold at cash cost $2,692/oz; received $9M JV distribution.
- Cash $97.5M (up from $64.8M); debt reduced to $13.6M; hedge contracts cut to 22,000 oz.
- Post-quarter: acquired 100% of Lucky Shot project for $16.1M (cash + note), extinguishing 2% NSR royalty.
- FY2026 guidance reaffirmed 40-45k oz gold at Manh Choh; FY2027 guided 75-80k oz with AISC $1,300-1,400/oz.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502377/000119312526226963/0001193125-26-226963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502377/000119312526226963/ctgo-20260514.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-226963

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