Contango Silver & Gold Inc. (CTGO) Form 8-K — Jun 29, 2026
Contango Silver & Gold entered into a First Amendment to its Membership Interest Purchase and Sale Agreement to settle $18.75 million in milestone payments for the Lucky Shot Project. The company satisfied these obligations by paying $5 million in cash and issuing 100,000 common shares, valued at approximately $1.57 million based on the June 26 closing price. The company also received a $9 million cash distribution from the Peak Gold JV related to the second production campaign of 2026 at the Manh Choh mine. CEO Rick Van Nieuwenhuyse noted that settling the milestone payments secures 100% unencumbered control of the Lucky Shot asset and significantly de-risks the project.
Key figures
- Hedge Ounces Delivered
- 11000
- Hedge Ounces Remaining
- 15000
- Lucky Shot Drill Meters
- 6800
- Peak Gold Distribution
- 9000000
- Settlement Share Value
- 1570000
- Settlement Cash Payment
- 5000000
- Settlement Shares Issued
- 100000
- Milestone Payments Settled
- 18750000
- Kitsault Drill Meters Completed
- 14000
Price after filing
Close on the filing date to close N calendar days later (from $14.92). Historical, not a forecast.
AI analysis
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