Recorded on August 10 2026 at NRS Studios
NYSE American: CTGO | TSX: CTGO
Andy Millette sits down with Rick Van Nieuwenhuyse, CEO and Director of Contango Silver & Gold, for an investor-focused update on the company’s production strategy, exploration programs and capital discipline.
Rick explains why Contango is now hedge-free and how removing the hedge book gives the company greater exposure to the spot gold price. He discusses the company’s outlook for production and costs, why management remains focused on protecting shareholders from unnecessary dilution, and how Contango’s Direct Shipping Ore strategy can reduce the enormous capital requirements associated with building a conventional standalone mill.
The discussion moves into Contango’s active exploration programs at Kitsault Valley and Lucky Shot, including five drills turning at Kitsault, surface and underground drilling at Lucky Shot, assay turnaround times and the upcoming Kitsault MRE. Rick also discusses the potential use of Fort Knox processing capacity, other processing alternatives and the possibility of acquiring an already-permitted mill.
At Johnson Tract, Rick provides an update on road construction, bridge work, portal access, feasibility-level work and the permitting process involving the U.S. Army Corps of Engineers and FAST-41. He says Contango continues to target overall project permitting completion by March 2028.
The interview also covers CTGO’s NYSE American and TSX listings, the Dolly Varden transaction and what investors should be watching through the remainder of 2026. #Millettian
Key Topics
• Contango becomes hedge-free
• Spot gold exposure
• 2026 production and cost outlook
• Direct Shipping Ore strategy
• Capital discipline and shareholder dilution
• Manh Choh and Fort Knox infrastructure
• Kitsault Valley drilling
• Lucky Shot surface and underground drilling
• Assay timing and upcoming results
• Kitsault MRE timing
• Johnson Tract infrastructure
• FAST-41 permitting
• NYSE American and TSX ticker CTGO
Contango Silver & Gold
https://contangoore.com/
https://why-invest-in-ctgo.com/
Host Andy Millette — Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
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Chapters
00:00 Protecting shareholders and minimizing dilution 00:59 Rick Van Nieuwenhuyse joins Andy 01:32 Gold market and mining outlook 01:47 Gold price reset 02:11 Contango becomes hedge-free 02:58 Unhedged production outlook 04:08 Contango’s busy exploration season 04:32 Five drills turning at Kitsault 04:51 Lucky Shot drilling 05:08 Assay turnaround times 06:24 Spot gold and Q2 financials 08:17 The Direct Shipping Ore strategy 08:55 Manh Choh and existing infrastructure 10:23 Lucky Shot processing options 11:18 Potential mill acquisition 11:43 Capital savings and permitting 12:30 Protecting shareholders from dilution 14:25 CTGO on NYSE American and TSX 15:34 Upcoming exploration results 15:54 Kitsault MRE and drilling 16:37 Johnson Tract development 18:08 FAST-41 permitting 18:50 Closing thoughts
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