Darwin Green
on July 10, 2024, Darwin Green was appointed to the Board.
Highest-materiality recent filing
Contango Q2 net income $4.8M; Manh Choh investment repaid; 2027 gold guidance 75-80k oz
Q2 net income $4.8M ($0.14/diluted) vs $15.9M ($1.24) year-ago; adjusted net loss $5.5M.
Contango converts 15,000 oz gold hedges into $33M debt; interest rate cut to 7.40%
Amended credit facility: total principal increased from $12.6M to $46.3M; no restructuring fee.
Settled up to $18.75M in Lucky Shot milestone obligations for $5M cash and 100,000 shares (~$1.57M) via MIPA Amendment.
Contango reports 972.10 g/t gold intercept at Lucky Shot; underground development restarts
LSU26091 returned 0.17 m grading 972.10 g/t Au from L1d Vein with visible gold.
Three diamond drills active; two more expected within a week; total ~40,000m planned.
Contango Q1 net loss $14.3M, adj net income $4.7M; Lucky Shot acquisition for $16.1M
Net loss $14.3M ($0.83/diluted share) vs $22.5M loss YoY; adjusted net income $4.7M.
Contango Silver & Gold acquires Lucky Shot for $16.1M; reports high-grade gold intercepts
Acquired Lucky Shot project for $16.074M: $300K deposit, $1.71M cash at signing, $4.06M at closing, $10M promissory note at 5% interest.
Contango receives $9M cash distribution from Peak Gold JV; outlines 2026 exploration plan
Peak Gold JV distributed $9M to Contango on March 25, 2026, providing funding for 2026 exploration program.
Contango completes merger with Dolly Varden; issues 13.7M shares and 1.6M exchangeable shares
Contango issued 13,686,278 shares and 417,048 replacement options; post-merger 32,104,900 shares (incl. 1,597,301 exchangeable) outstanding.
Contango shareholders approve merger with Dolly Varden Silver; 99.7% vote for share issuance
Shareholders voted 99.70% in favor of issuing shares to Dolly Varden shareholders as part of the Arrangement.
FY2025 net loss $36.1M ($2.80/sh) includes $46.0M unrealized loss on derivatives; adjusted net income $73.0M.
ISS recommends Contango stockholders vote 'For' Dolly Varden arrangement
ISS and another independent proxy advisor recommend voting FOR the Arrangement with Dolly Varden Silver.
New KM vein discovery: 5.92m at 60.22 g/t Au, including 1.16m at 294.77 g/t Au, orthogonal to Lucky Shot shear zone.
Contango Ore files proxy for March 17 vote on Dolly Varden arrangement
Special meeting March 17, 2026 to vote on arrangement with Dolly Varden Silver Corporation at 0.1652 exchange ratio.
Contango Ore closes $50M offering, settles $46.4M in hedges, Johnson Tract on FAST-41
Closed $50M underwritten offering: 1,678,206 shares at $24.96 and 325,000 pre-funded warrants at $24.95 to institutional investors.
Contango Ore prices $50M underwritten offering of 1.68M shares and pre-funded warrants
Gross proceeds ~$50M; net proceeds expected ~$47.2M after underwriting discounts.
Contango Ore files preliminary proxy for merger-of-equals with Dolly Varden Silver
Exchange ratio of 0.1652 Contango shares per Dolly Varden share via statutory plan of arrangement.
Contango Ore to merge with Dolly Varden Silver in all-stock deal; combined market cap ~$812M
Exchange ratio 0.1652 Contango share per Dolly Varden share; owners split ~50% each on a fully diluted basis.
Contango Ore starts Lucky Shot underground drill program for feasibility study
Drill program targets ~18,000 meters across 210 holes to infill resource to Proven & Probable categories.
Adjusted net income $24.9M vs $19.1M year ago; net loss $5.4M includes $14.4M derivative loss.
Campaign #3-2025 processed 287K tons at 0.214 oz/t grade, 92.5% recovery; Contango's 30% share = ~17,000 oz gold.
Contango Ore raises $50M in public offering to fund Lucky Shot and Johnson Tract gold projects
Gross proceeds ~$50M from 1.975M shares at $20 and 525K pre-funded warrants at $19.99.
Contango posts record Q2 net income of $15.9M; gold sales of 17,764 oz at AISC $1,548/oz
Record income from operations of $23.0M vs $3.1M loss in Q2-2024.
Contango Ore Q2 gold sales 17,764 oz; cash cost $1,416/oz, AISC $1,548/oz; reaffirms FY guidance
Sold 17,764 oz gold at avg realized spot $3,274/oz; 30% share of Peak Gold JV.
Contango Ore announces $21M cash distribution from Peak Gold JV; raises 2025 guidance to >$95M
Received $21M cash distribution from Peak Gold JV on June 25, 2025; year-to-date total $54M.
Contango's 30% share of production: 15,700 oz gold, exceeding original guidance of 15,000 oz.
Contango Q1 ops income $19.3M; gold sold 17,382 oz at AISC $1,374/oz; guidance reaffirmed
Income from operations $19.3M vs loss $2.9M YoY; net loss $22.3M includes $40.5M unrealized derivative loss.
Contango ORE Johnson Tract IA: Post-tax NPV $225M, IRR 30%, 1.3yr payback
Post-tax NPV5 of $224.5M and IRR of 30.2% at $2,200/oz gold base case; payback 1.3 years discounted.
Contango Ore receives $9M cash distribution from Peak Gold JV; production on track
Peak Gold JV distributed $9M on April 24, 2025; total 2025 distributions now $33M.
Contango Ore receives $24M Q1 cash distribution from Peak Gold JV; production exceeds guidance
Peak Gold JV distributed $24M to Contango in Q1 ($9M from 2024 profits, $15M from 2025 first campaign).
Contango ORE reports FY2024 net loss $38M; Manh Choh gold production beats guidance at 41,325 oz
Net loss of $38.0M ($3.49/diluted share) includes $34.3M unrealized derivative loss; gold sales $94.3M.
Contango Ore amends credit facility, defers $10.6M and 15,000 oz hedge; 2025 gold campaign started
Amended credit facility: deferred $10.6M principal and 15,000 hedged gold oz to first half 2027; maturity extended to June 30, 2027.
Contango receives $9M cash distribution; 2024 gold production exceeds guidance by ~30%
Peak Gold JV paid Contango $9.0M on Dec 19, 2024; total distributions $40.5M since July 2024.
Contango Ore reaffirms 2025 gold prod 60k oz, AISC jumps to $1,625/oz; mine life 4-5 yrs
2025 gold production reaffirmed at 60,000 oz (Contango's 30% share); 2024 expected 38,500 oz.
Contango reports high-grade drill results at Johnson Tract; receives 404 permit for access road
2024 drill program: 21 holes, intercepts include GT24-008 with 223.5m at 11.5 g/t AuEq and 55.5m at 30.3 g/t AuEq.
Contango Ore Q3 net loss narrows to $9.7M; first production from Manh Choh drives cash flow
Q3 net loss $9.7M ($0.81/share) vs loss $13.2M ($1.47/share) in Q3 2023; includes $22.9M unrealized derivative loss.
on July 10, 2024, Darwin Green was appointed to the Board.
Effective January 1 , 2024, Michael Clark was appointed to serve as Chief Financial Officer and Secretary of the Company.
On January 1, 2024, Leah Gaines stepped down from her position as Vice President, Chief Financial Officer, Chief Accounting Officer, Treasurer and Secretary of Contango Ore, Inc.
Effective July 11, 2023, Michael Clark was appointed to serve as Executive Vice President, Finance of Contango ORE, Inc., a Delaware corporation (the “Company”).
On June 27, 2022, Joseph G. Greenberg notified the Board of Directors (the “ Board ”) of Contango ORE, Inc., a Delaware corporation (the “ Company ”) that he will resign as a member of the Board and the committees of the Board on which he serves, effective June 30, 2022.
On June 27, 2022, Curtis Freeman was appointed to fill the vacancy on the Board that will be created by Mr. Greenberg's resignation, effective June 30, 2022.
On November 11, 2021, Brad Juneau notified the Board of his intent to resign as Executive Chairman of the Board, effective November 12, 2021.
Max materiality 0.90 · Median 0.70 · Most common event other_material