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Contango Announces $12.0 Million Cash Distribution Received from the Peak Gold JV and Commencement of Third Campaign
CTGOtango ORE(CTGO) Prnewswire·2024-11-07 14:48

FAIRBANKS, AK, Nov. 7, 2024 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that the Peak Gold JV paid a cash distribution of 12.0milliononOctober24,2024.TheseproceedsrelatetoContango′s3012.0 million on October 24, 2024. These proceeds relate to Contango's 30% of profits from the processing of Manh Choh ore from Campaign #2. In total, Contango has received 31.5 million in cash distributions from the Peak Gold JV since commencing the processing of Manh Choh ore in July 2024.The Peak Gold JV has completed t ...