Contango ORE ( (CTGO) ) has provided an announcement.
On March 31, 2025, Contango ORE, Inc. announced that it received $24 million in cash distributions from the Peak Gold JV in the first quarter of 2025. This includes $9 million from 2024 production profits and $15 million from the first half of Campaign #1 for 2025. The company reported that the Peak Gold JV processed 323,000 tons of ore, recovering approximately 65,000 ounces of gold, with Contango’s share being 19,500 ounces, surpassing initial guidance. The company expects further cash distributions and continues to advance its projects and improve operations.
More about Contango ORE
Contango ORE, Inc. is a company listed on the NYSE American that engages in the exploration of gold and associated minerals in Alaska. It holds a 30% interest in the Peak Gold JV, which leases approximately 675,000 acres of land for exploration and development on the Manh Choh project. The company also has interests in the Johnson Tract project, the Lucky Shot project, and various mining claims in Alaska.
YTD Price Performance: -5.00%
Average Trading Volume: 100,562
Technical Sentiment Signal: Buy
Current Market Cap: $123.5M
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