Financing ·
On July 1, 2026, CORE Alaska, LLC, a subsidiary of Contango Silver & Gold Inc., entered into an amendment to its…
CTGOContango Silver & Gold Inc.
On July 1, 2026, CORE Alaska, LLC, a subsidiary of Contango Silver & Gold Inc., entered into an amendment to its Credit and Guarantee Agreement. The company increased its term loan principal by approximately $33 million to terminate gold hedge agreements for 15,000 ounces (10,000 on March 31, 2027, and 5,000 on June 30, 2027) and purchase put option contracts for 15,000 ounces. Additionally, the applicable margin under the Credit Agreement was reduced from 5.00% to 3.63% per annum. Loan repayments are scheduled between September 30, 2026, and June 30, 2027, totaling approximately $46.3 million. The company operates in the mining industry, focusing on the exploration and development of silver and gold deposits.