Core Insights - Contango ORE, Inc. received a cash distribution of 40.5 million since July 2024 [1] - In 2024, Contango's share of gold production was approximately 42,000 ounces, exceeding the original guidance of 30,000 to 35,000 ounces by about 30% [2] - The company expects to produce 60,000 ounces of gold in 2025, with an average of 58,750 ounces per year through 2028, and all-in sustaining costs estimated at approximately $1,400 per ounce [2] Company Overview - Contango ORE, Inc. is listed on NYSE American and focuses on gold exploration in Alaska, holding a 30% interest in the Peak Gold JV [3] - The Peak Gold JV operates on approximately 675,000 acres of land for the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., a subsidiary of Kinross Gold Corporation [3] - The company also holds leases on the Johnson Tract and Lucky Shot projects, along with 100% ownership of additional mining claims in Alaska [3]
Contango Announces $9.0 Million Cash Distribution from the Peak Gold JV