Join CEO Rick Van Nieuwenhuyse and CFO Mike Clark for a discussion on the company's recent news release. Following the brief interview, investors will be invited to join a live Q&A.
Mon, July 6, 2026 at 1:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting featured Rick Van Nuenhuis, CEO, and Mike Clark, CFO, of Contango Silver and Gold, discussing the company's recent announcement about converting their last hedged gold ounces into debt. This strategic move eliminates their hedge book, allowing for greater exposure to gold price increases. Key Discussion Points - Announcement of the complete elimination of the hedge book by converting 15,000 ounces of hedged gold into debt. - Discussion on the implications of this move for shareholders and the company's future production plans. - Analysis of the financial details surrounding the hedge settlement, including costs and interest rates. - Insights into the timing of the decision related to gold price fluctuations and central bank buying activity. - Overview of lender support and the rationale behind the conversion from hedges to debt. Decisions Made - The decision to eliminate the hedge book by converting hedged gold into debt was finalized. Action Items & Nex...
Mr. Van Nieuwenhuyse was appointed to serve as President, Chief Executive Officer, and director of the Company effective January 6, 2020. He previously served as President and Chief Executive Officer of Trilogy Metals Inc. from January 2012 until December 2019. Between May 1999 and January of 2012, he served as the President and Chief Executive Officer of NOVAGOLD, Inc, a company that he founded. He served as the Vice President of Exploration for Placer Dome from 1990 to 1997. Mr. Van Nieuwenhuyse holds a Candidature degree in Science from Université de Louvain, Belgium and a Master of Science degree in Geology from the University of Arizona. Mr. Van Nieuwenhuyse currently serves on the board of directors of Alexco Resource Corp. He served on the board of directors of Sandfire Resources America, Inc. (formerly, Tintina Resources Inc.) from 2008 until 2016. Mr. Van Nieuwenhuyse has over forty years of experience in the minerals mining industry and brings significant industry and technical knowledge to the Company.
Mr. Clark was appointed to serve as Executive Vice President - Finance of the Company, effective July 11, 2023. He was then appointed as Chief Financial Officer & Corporate Secretary, effective January 1, 2024. He previously served as Chief Financial Officer and Corporate Secretary for Alexco Resource Corp. from December 2014 to September 2022 at which time Alexco Resource Corp was acquired by Hecla Mining Company. Between 2010 and 2014, Mr. Clark served as Chief Financial Officer of Goldgroup Mining Inc. and from 2007 to 2010 Mr. Clark served as Chief Financial Officer for the Grosso Group and its member companies. Mr. Clark received an undergraduate degree from the British Columbia Institute of Technology and is a Canadian Qualified Chartered Professional Accountant. Between 2016 and 2020, Mr. Clark also served on the Board of Trustees for the Burnaby Hospital Foundation as Chair of the Finance Committee.
Replay transcript excerpt
Speaker 1: When they're coming in quite quickly, I'll say good morning, good afternoon or good evening, depending on where in the world you're signing in from. I'm very thrilled today to be joined by Rick Van Nuenhuis, CEO of Contango Silver and Gold, and Mike Clark, the company's CFO, for a very exciting event. I imagine particularly for Mike, is this the last time I'll ever ask him about hedges. Speaker 1: So it's presumably something he's quite pleased about. But here's how today's gonna work just for the folks in the room. I got a number of questions just to talk about the company's most recent exciting news from this morning. But this is an interactive event. I know some people already submitted questions in advance on email. Appreciate those. We'll get to them. For everybody else, there's a chat button at the bottom. Please feel free to ask questions during today's event. I'll get to as many as we can. We're hoping this is going to be a pretty quick event, probably 20, 25 minutes. So I don't get to your question. Also, make sure the Contango team gets them afterwards so you can walk through them. Speaker 1: The only other thing I'll say is this is being recorded and will be available for replay probably about 3 p.m. Eastern. It'll pop right in your inbox, but it'll also be available on Six's YouTube channel shortly thereafter. Speaker 1: But let me get right into the protein because this is exciting news. Rick, I want to start with the headline. You converted the last 15000 ounces of hedged gold into debt, which means for the 1st time, thrilled to say it live and on air. The hedge book is completely gone. So walk us through what this announcement actually means for Contango shareholders. Speaker 2: Well, Speaker 2: I guess it's doing what we say we're going to ...
