Contango Announces $9.0 Million Cash Distribution from the Peak Gold JV for Remaining Production from Campaign #1-2025

Core Insights - Contango ORE, Inc. announced a cash distribution of $9 million from the Peak Gold JV, bringing total distributions from gold sales in 2025 to $33 million [1] - The Peak JV has produced approximately 20,000 ounces of gold year to date, with expectations of 60,000 ounces for the entire year at an all-in-sustaining cost of $1,625 per ounce [2] - The company has reduced its credit facility balance to $30.1 million after prepaying $8.2 million in principal and continues to deliver against hedge contracts [2] Company Overview - Contango ORE, Inc. is engaged in gold exploration in Alaska, holding a 30% interest in the Peak Gold JV, which covers approximately 675,000 acres [3] - The company also has leases on the Johnson Tract and Lucky Shot projects, along with 100% ownership of additional mining claims in Alaska [3] - Financial results for Q1-2025 are expected to be released on May 14, 2025 [2]