Contango ORE, Inc. Form 8-K Filing

Contango ORE, Inc. filed a Form 8-K on March 16, 2026, announcing its financial results for the year ended December 31, 2025. The company reported a net loss of $36.1 million, which included a significant non-cash expense from unrealized losses on derivative contracts. However, adjusted net income was reported at $73.0 million, with total income from operations at $69.1 million. The company's cash position improved to $64.8 million from $20.0 million in the previous year. Production from the Manh Choh mine totaled approximately 60,200 gold equivalent ounces. The company also provided 2026 and 2027 production guidance, anticipating increased production and a transition to a debt-free and hedge-free status. Significant progress was noted at the Lucky Shot and Johnson Tract projects, with exploration and permitting activities advancing. The company also announced a merger with Dolly Varden Silver Corporation, expected to close in late March 2026.