05/07/2026
Why did the president of $CTGO buy another $660,000 of his own stock?
Contango Silver & Gold isn’t quite a junior anymore.
In March, the company closed a merger of equals with Dolly Varden Silver — pairing a cash-flowing gold mine in Alaska (Manh Choh, operated by Kinross) with one of the highest-grade undeveloped silver districts in British Columbia’s Golden Triangle.
Kitsault Valley alone holds 32.9M oz silver indicated at roughly 300 g/t.
What that merger created:
~$100M cash in the bank. No equity raises planned.
Production scaling from ~45,000 gold-equivalent ounces in 2026 to 75,000–80,000 in 2027.
Inclusion in GDXJ, SILJ, SIL, and the Russell 2000.
Dual-listed on the NYSE American and the TSX, both under CTGO.
And the work is already underway. Drill rigs are turning at Lucky Shot. A #40,000m drill program at Kitsault kicks off in June. Johnson Tract is on the FAST-41 federal permitting fast-track.
Now layer on this: President Shawn Khunkhun just put another $660,000 of his own money into the open market — on top of the equity the management team already holds.
When the people closest to the company are buying — not selling — at these levels, it’s usually because they see what the market hasn’t priced in yet.
NYSE: CTGO | TSX: CTGO
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Not investment advice. Always do your own research.