Contango ORE Goes Hedge-Free, Eyes Full Gold Upside and Kitsault Silver Growth

Contango ORE eliminated its hedge book , converting its remaining gold hedges into debt so shareholders now have full upside exposure to gold prices. CEO Rick Van Nieuwenhuyse said the move was a deliberate strategy to benefit directly from higher gold prices. Management and a guest analyst described the recent pullback in gold and silver as a correction within a broader bull market . They pointed to central bank buying, oversold technical conditions, and the likelihood of Fed rate cuts as potential support for higher prices ahead. Contango is also focusing on silver growth at Kitsault and other projects, with plans for major drilling and a resource update soon. The company is targeting about 5 million ounces of annual silver production and hopes to grow annual gold output from roughly 60,000 ounces to 200,000 ounces over the next four to five years.

Contango ORE NYSEAMERICAN: CTGO President and CEO and Director Rick Van Nieuwenhuyse said the company has eliminated its hedge book and is positioning shareholders for full exposure to gold prices, as speakers on a metals-focused webinar described the recent pullback in gold and silver as a correction within a broader bull market. The discussion featured Van Nieuwenhuyse and Ronnie Stöferle, managing partner and fund manager at Incrementum and part of the team behind the annual In Gold We Trust report. Stöferle said gold’s recent weakness has been driven in part by a sharp reversal in interest-rate expectations, with markets moving from expectations for rate cuts to pricing in possible hikes. “From my point of view, we’ll rather see rate cuts than rate hikes,” Stöferle said, adding th...