Contango Silver & Gold Shares Approved for Listing on Toronto Stock Exchange
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2026
0mins
Should l Buy CTGO?
Contango Silver & Gold is pleased to announce that its shares of common stock have been approved for listing on the Toronto Stock Exchange and have been posted for trading on the TSX effective April 13, and will trade under the trading symbol ''CTGO''. The CUSIP number will be 21077F100, the same CUSIP as the common shares currently traded on the New York Stock American Exchange.
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Analyst Views on CTGO
Wall Street analysts forecast CTGO stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 24.710
Low
35.00
Averages
35.00
High
35.00
Current: 24.710
Low
35.00
Averages
35.00
High
35.00
About CTGO
Contango ORE, Inc. is engaged in the exploration of gold and associated minerals in Alaska. The Company holds a 30% interest in the Peak Gold JV, which leases approximately 675,000 acres of land for exploration and development on the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., an indirect subsidiary of Kinross Gold Corporation, operator of the Peak Gold JV. It also has a lease on the Johnson Tract project from the underlying owner, CIRI Native Corporation, a lease on Lucky Shot project from the underlying owner, Alaska Hardrock Inc. and through its subsidiary has 100% ownership of approximately 8,600 acres of peripheral State of Alaska mining claims. It also owns a 100% interest in an additional approximately 145,000 acres of State of Alaska mining claims through its wholly owned subsidiary, which gives the Company an exclusive right to explore and develop minerals on these lands. The Company also owns Golden Zone and Amanita NE gold properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CTGO Stock 52-Week Highs and Lows Analysis
- Price Fluctuation Analysis: CTGO's 52-week low stands at $11.23 per share, with a high of $34.38, while the last trade was at $24.20, indicating significant volatility over the past year and reflecting varying market expectations for its future performance.
- Market Trend Observation: The current price of $24.20 is above the 52-week low, suggesting a partial recovery in investor confidence; however, it remains significantly below the high, indicating a cautious market outlook on its growth potential.
- Technical Indicator Reference: CTGO's stock price has crossed above the 200-day moving average, which may attract more attention from technical analysis investors, potentially influencing short-term trading activity and market sentiment.
- Investor Sentiment Assessment: Although the current stock price is positioned in the middle of the 52-week range, investor opinions on CTGO remain divided, necessitating close monitoring of upcoming earnings reports and market developments to assess its long-term investment value.
See More
Contango Ore Reports Strong Financials for 2025
- Cash Distribution Surge: Contango Ore Inc (CTGO) reported cash distributions of $102 million from the Peak Gold JV in 2025, significantly boosting its cash position from $20 million at the start of the year to $65 million by year-end, primarily driven by an equity raise in September.
- Debt-Free Goal: The company is on track to achieve a debt-free and hedge-free status by early 2027, enhancing its financial flexibility and providing greater freedom for future investments and operations.
- Merger Impact: The merger with Dolly Varden is expected to increase cash reserves to over $100 million, providing a strong financial foundation that supports future project development and expansion.
- Rising Production Costs: The all-in sustaining cost (AISC) for 2026 is projected to rise to $2,200 to $2,300 per ounce due to increased pre-stripping activities, although costs are expected to decrease in 2027 as mining shifts to more efficient ore extraction.
See More
Contango ORE Shareholders Approve Three Proposals at Special Meeting
- Meeting Results: At today's special meeting, Contango ORE shareholders overwhelmingly approved the Arrangement Proposal with 99.70% support, reflecting strong confidence in the company's future and expected to advance the merger with Dolly Varden.
- Share Increase Proposal: The proposal to increase authorized shares from 45 million to 250 million received 84.68% approval, providing greater flexibility for future capital operations and enhancing the company's competitive position in the market.
- Incentive Plan Approval: The 2026 Omnibus Incentive Plan was approved with 89.99% support, aimed at attracting and retaining key talent, thereby improving overall operational efficiency and driving long-term growth and shareholder value.
- Next Steps: While the proposals have been approved, the Arrangement still requires approval from the British Columbia Supreme Court, with a hearing scheduled for March 23, 2026, and if successful, will expedite the merger process and bolster market confidence.
See More
Contango Ore, Inc. Q4 2025 Earnings Call Insights
- Cost Control Performance: The all-in sustaining costs (AISC) for 2025 were reported at $1,616 per ounce, slightly below the guidance of $1,625, indicating effective cost management, while the forecast for 2026 AISC is projected to rise to $2,200-$2,300 due to mine transition and external cost inflation risks.
- Merger Outlook: Management emphasized the imminent completion of the merger with Dolly Varden, expecting consolidated cash to exceed $100 million post-merger, significantly enhancing the company's financial strength and supporting future investments and operations.
- Financial Performance: Cash distributions from the Peak Gold JV totaled $102 million for 2025, with Contango recognizing $88.6 million in net income, and cash increased from $20 million at the start of the year to $65 million, primarily driven by a September equity raise.
- Future Guidance: Management confirmed 2026 AISC guidance of $2,200-$2,300, with anticipated gold production of 75,000-80,000 ounces in 2027 at cash costs of $1,200-$1,300 per ounce, indicating strong profit margins and potential for significant cash flow generation.
See More
Contango Ore Reports FY Loss and New Gold Discovery
- Financial Loss: Contango Ore reported a FY GAAP EPS of -$2.80, indicating significant financial challenges that may impact investor confidence and lead to stock price volatility.
- New Gold Discovery: The company announced a high-grade gold discovery at the Lucky Shot project, although specific metrics were not disclosed, this finding could provide new growth opportunities for future mineral development and enhance the company's competitive position in the gold market.
- Financing Plan: Contango Ore plans to raise approximately $50 million through a stock offering, which will support strategic initiatives including the buyback of gold hedge contracts, aimed at optimizing the financial structure and increasing shareholder value.
- Market Reaction: Despite the financial loss, the new discovery and financing plan may improve market perception of Contango Ore in the long term, especially against the backdrop of fluctuating gold prices.
See More
Contango ORE Reports FY 2025 Performance and Strategic Outlook
- Production and Financial Overview: In FY 2025, Contango ORE produced 60,200 gold equivalent ounces from the Manh Choh mine, reporting a net loss of $36.1 million, yet achieving an adjusted net income of $73 million, demonstrating resilience amid challenges.
- Cash Flow and Debt Management: As of December 31, 2025, the company's unrestricted cash position was $64.8 million, a significant increase from $20 million in 2024, while also repaying $37.5 million of its credit facility, effectively reducing its debt burden.
- Lucky Shot Project Progress: Contango commenced an underground drilling program at the Lucky Shot project in Q4 2025, aiming for an annual production target of 40,000 to 50,000 ounces, with a production decision expected in 2027, reflecting confidence in future growth.
- Dolly Varden Merger Plans: The merger with Dolly Varden is anticipated to close by the end of March 2026, with the new entity focusing on silver and gold production, further enhancing market competitiveness.
See More
CTGO Stock 52-Week Highs and Lows Analysis
- Price Fluctuation Analysis: CTGO's 52-week low stands at $11.23 per share, with a high of $34.38, while the last trade was at $24.20, indicating significant volatility over the past year and reflecting varying market expectations for its future performance.
- Market Trend Observation: The current price of $24.20 is above the 52-week low, suggesting a partial recovery in investor confidence; however, it remains significantly below the high, indicating a cautious market outlook on its growth potential.
- Technical Indicator Reference: CTGO's stock price has crossed above the 200-day moving average, which may attract more attention from technical analysis investors, potentially influencing short-term trading activity and market sentiment.
- Investor Sentiment Assessment: Although the current stock price is positioned in the middle of the 52-week range, investor opinions on CTGO remain divided, necessitating close monitoring of upcoming earnings reports and market developments to assess its long-term investment value.
See More
Contango Ore Reports Strong Financials for 2025
- Cash Distribution Surge: Contango Ore Inc (CTGO) reported cash distributions of $102 million from the Peak Gold JV in 2025, significantly boosting its cash position from $20 million at the start of the year to $65 million by year-end, primarily driven by an equity raise in September.
- Debt-Free Goal: The company is on track to achieve a debt-free and hedge-free status by early 2027, enhancing its financial flexibility and providing greater freedom for future investments and operations.
- Merger Impact: The merger with Dolly Varden is expected to increase cash reserves to over $100 million, providing a strong financial foundation that supports future project development and expansion.
- Rising Production Costs: The all-in sustaining cost (AISC) for 2026 is projected to rise to $2,200 to $2,300 per ounce due to increased pre-stripping activities, although costs are expected to decrease in 2027 as mining shifts to more efficient ore extraction.
See More
Contango ORE Shareholders Approve Three Proposals at Special Meeting
- Meeting Results: At today's special meeting, Contango ORE shareholders overwhelmingly approved the Arrangement Proposal with 99.70% support, reflecting strong confidence in the company's future and expected to advance the merger with Dolly Varden.
- Share Increase Proposal: The proposal to increase authorized shares from 45 million to 250 million received 84.68% approval, providing greater flexibility for future capital operations and enhancing the company's competitive position in the market.
- Incentive Plan Approval: The 2026 Omnibus Incentive Plan was approved with 89.99% support, aimed at attracting and retaining key talent, thereby improving overall operational efficiency and driving long-term growth and shareholder value.
- Next Steps: While the proposals have been approved, the Arrangement still requires approval from the British Columbia Supreme Court, with a hearing scheduled for March 23, 2026, and if successful, will expedite the merger process and bolster market confidence.
See More
Contango Ore, Inc. Q4 2025 Earnings Call Insights
- Cost Control Performance: The all-in sustaining costs (AISC) for 2025 were reported at $1,616 per ounce, slightly below the guidance of $1,625, indicating effective cost management, while the forecast for 2026 AISC is projected to rise to $2,200-$2,300 due to mine transition and external cost inflation risks.
- Merger Outlook: Management emphasized the imminent completion of the merger with Dolly Varden, expecting consolidated cash to exceed $100 million post-merger, significantly enhancing the company's financial strength and supporting future investments and operations.
- Financial Performance: Cash distributions from the Peak Gold JV totaled $102 million for 2025, with Contango recognizing $88.6 million in net income, and cash increased from $20 million at the start of the year to $65 million, primarily driven by a September equity raise.
- Future Guidance: Management confirmed 2026 AISC guidance of $2,200-$2,300, with anticipated gold production of 75,000-80,000 ounces in 2027 at cash costs of $1,200-$1,300 per ounce, indicating strong profit margins and potential for significant cash flow generation.
See More
Contango Ore Reports FY Loss and New Gold Discovery
- Financial Loss: Contango Ore reported a FY GAAP EPS of -$2.80, indicating significant financial challenges that may impact investor confidence and lead to stock price volatility.
- New Gold Discovery: The company announced a high-grade gold discovery at the Lucky Shot project, although specific metrics were not disclosed, this finding could provide new growth opportunities for future mineral development and enhance the company's competitive position in the gold market.
- Financing Plan: Contango Ore plans to raise approximately $50 million through a stock offering, which will support strategic initiatives including the buyback of gold hedge contracts, aimed at optimizing the financial structure and increasing shareholder value.
- Market Reaction: Despite the financial loss, the new discovery and financing plan may improve market perception of Contango Ore in the long term, especially against the backdrop of fluctuating gold prices.
See More
Contango ORE Reports FY 2025 Performance and Strategic Outlook
- Production and Financial Overview: In FY 2025, Contango ORE produced 60,200 gold equivalent ounces from the Manh Choh mine, reporting a net loss of $36.1 million, yet achieving an adjusted net income of $73 million, demonstrating resilience amid challenges.
- Cash Flow and Debt Management: As of December 31, 2025, the company's unrestricted cash position was $64.8 million, a significant increase from $20 million in 2024, while also repaying $37.5 million of its credit facility, effectively reducing its debt burden.
- Lucky Shot Project Progress: Contango commenced an underground drilling program at the Lucky Shot project in Q4 2025, aiming for an annual production target of 40,000 to 50,000 ounces, with a production decision expected in 2027, reflecting confidence in future growth.
- Dolly Varden Merger Plans: The merger with Dolly Varden is anticipated to close by the end of March 2026, with the new entity focusing on silver and gold production, further enhancing market competitiveness.
See More
