Contango ORE Updates on Johnson Tract Permitting, Manh Choh Production, and Hedge Settlements
Contango ORE, Inc. announced progress on the Johnson Tract Critical Metals Project permitting, the start of ore processing at Manh Choh, and the settlement of gold hedge contracts. The Johnson Tract permitting timetable was posted on the FAST-41 Dashboard on January 30, 2026, with the first permit application submitted on February 2, 2026. Manh Choh's first production campaign for 2026 began on February 5, 2026, and will continue into March. The company settled hedge contracts for $46.4 million for 15,446 ounces of gold as part of a price protection strategy.
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Contango ORE, Inc. provided an update on its projects, highlighting the progress of the Johnson Tract Critical Metals Project permitting, which is now on the FAST-41 Dashboard. The first permit application was submitted on February 2, 2026.
On February 5, 2026, the Peak Gold JV started the first production campaign of Manh Choh ore, expected to continue into March. The company paid $46,381,535 to settle gold hedge contracts for 15,446 ounces at an average strike price of $2,025 per ounce.
Additionally, it purchased puts for price protection, matching the hedge settlement periods. Remaining hedge contracts total 11,000 ounces for 2026 and 15,000 ounces for the first half of 2027.
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