“Eighty Thousand Ounces of Gold Production in 2027” projects Contango’s CEO Rick Van Nieuwenhuyse
Mining Stock EducationShow Notes
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.
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
Press Release Discussed: https://contangoore.com/contango-announces-results-for-the-quarter-ended-march-31-2026/
https://contangoore.com/ NYSE & TSX: $CTGO
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Sponsor Contango pays MSE a United States dollar seven thousand per month coverage fee. The forward-looking statement disclaimer found in Contango’s most-recent company slide deck found at www.ContangoOre.com applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/
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