“Eighty Thousand Ounces of Gold Production in 2027” projects Contango’s CEO Rick Van Nieuwenhuyse
MSE host Bill Powers interviews Contango Silver and Gold CEO Rick Van Nieuwenhuyse for a quarterly update. Contango produced about 8,000 oz of gold in Q1 from its 30% share of the Manh Choh Mine with 2026 guidance maintained at 40,000–45,000 Au oz due to the transition from the North Pit to pre-stripping the larger South Pit; production is expected to rise through the year, with higher output projected later (including 75,000–80,000 oz in 2027) and lower costs after pre-stripping. The company reduced its hedge book to ~22,000 oz and expects to be hedge-free and debt-free by year-end, and received a $9M JV dividend with three more expected this year. They discuss gold/silver price volatility, anticipated index buying, Lucky Shot drilling and feasibility work under a direct-ship ore model, Johnson Tract permitting and site prep with a March 2028 permit timeline, and a June Kitsault Valley resource update targeting near 100M oz silver followed by ~40,000 m of drilling, alongside evaluating mill acquisition options and post-merger integration.
NYSE & TSX: $CTGO
00:00 Intro
00:48 Q1 Production and Guidance
02:38 Hedges Debt and Dividends
03:32 Gold Price and Cash Flow Outlook
05:48 Hedging Strategy Explained
06:55 Merger Stock Move and ETF Flows
08:57 Lucky Shot Drill Program
11:27 Direct Ship Ore Capex Risks
13:18 Johnson Tract Permitting Roadwork
15:48 Kitsault Valley Resource and Drilling
19:18 Mill Acquisition Options
19:59 NYSE Bell and Integration
