Contango ORE (CTGO) announced a $9 million cash distribution from its Peak Gold JV, exceeding 2024 production guidance for gold and silver. Future projections are positive, with expected annual gold production of 58,750 ounces through 2028. Contango holds a diverse portfolio of Alaskan mining assets, and full 2024 financial results will be released in March 2025.
Contango ORE, Inc. (CTGO) announced strong Q3-2024 earnings, highlighting the commencement of gold production at its Manh Choh project and a robust financial position. The company achieved significant cash flow from operations, enabling debt reduction and expansion of its other projects, including Lucky Shot and Johnson Tract. Contango’s positive outlook is driven by the successful execution of its Direct Shipping Ore (DSO) approach, which minimizes environmental impact and accelerates project timelines.
