Contango ORE and Dolly Varden Silver Merge to Form Contango Silver & Gold Inc.
Contango ORE and Dolly Varden Silver have merged to create Contango Silver & Gold Inc., which listed on the Toronto Stock Exchange on April 13. The combined company holds more than US$100 million in cash and operates the Manh Choh mine. Executives stated the merger positions the firm as a North American silver and gold producer with growth potential.
Photo: Leonie Clough / Unsplash# Contango ORE and Dolly Varden Silver Complete Merger Contango ORE (NYSE: CTGO) and Dolly Varden Silver (TSXV: DV) merged to form Contango Silver & Gold Inc. The merger closed recently. Contango Silver & Gold Inc.
is listed on NYSE American under ticker CTGO and on TSX under ticker CTGO. Contango Silver & Gold Inc. listed on the Toronto Stock Exchange on April 13. The combined company has more than US$100 million in cash and very little debt.
Company Operations and Projects The combined company operates the Manh Choh mine.
It has the Lucky Shot project at an advanced stage of exploration and the Johnson Tract project at an advanced stage of exploration. The combined company conducts district-scale exploration of high-grade silver in the Kitsault Valley.
Executive Statements Shawn Khunkhun is the former CEO and Director of Dolly Varden.
" Rick Van Nieuwenhuyse is the CEO of Contango Silver & Gold. " Van Nieuwenhuyse described the transaction as built on the complementary and synergistic nature of North American asset portfolios.
Industry Context PwC stated that mining M&A in 2026 would be driven by consolidation and investment in high-quality, long-life assets.
Story Timeline
3 events- 2026-04-13
Contango Silver & Gold Inc. listed on the Toronto Stock Exchange.
1 sourceBenzinga - Recently (April 2026)
Merger of Contango ORE and Dolly Varden Silver closed to form Contango Silver & Gold Inc.
1 sourceBenzinga - Pre-merger
Contango ORE and Dolly Varden Silver announced merger plans.
1 sourceBenzinga
Potential Impact
- 01
Improved market access through dual NYSE American and TSX listings.
- 02
Stronger balance sheet supports project development at Lucky Shot and Johnson Tract.
- 03
Enhanced production capacity from Manh Choh mine integration.
- 04
Increased exploration activities in Kitsault Valley due to combined resources.
- 05
Potential for further mining M&A consolidation in 2026 as per PwC.
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