Contango Silver & Gold amends credit facility, converts 15,000 hedged gold ounces into $33 million debt

Contango Silver & Gold Inc.

CTGO

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Contango amended its credit facility to convert the remaining 15,000 ounces of hedged gold into debt with existing lenders.
Interest rate cut to about 7.40% from about 8.9%; no restructuring fee.
Hedge conversion created USD 33 million of debt; USD 715,000 cost of 15,000 puts added to the facility.
Total principal increased to USD 46.3 million from USD 12.6 million; repayments run from Sept. 30, 2026 through June 30, 2027.

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