Contango Ore is pleased to announce that the Peak Gold JV paid a cash distribution of $19.5M. These proceeds relate to Contango’s 30% of profits from the processing Manh Choh ore from Campaign #1. The Peak Gold JV is planning two further campaigns in 2024, the second currently underway, with at least one more cash distribution expected to occur before the end of the year. Contango estimates its share of gold production from the Peak Gold JV for 2024 to be between 30,000 and 40,000 ounces of gold.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTGO:
- Contango ORE Launches Gold Production, Expects Strong Financials
- Contango Ore JV announces processing Campaign #2 of Manh Choh ore in Alaska
- Contango ORE Signals Growth with Manh Choh Mine Results
- Contango ORE Targets Major Alaska Gold Mining Status
- Contango Ore price target lowered to $33 from $38 at Roth MKM