Contango announces $24.0 million in cash distribution from the peak gold jv and completion of first campaign of 2025

Fairbanks, alaska , march 31, 2025 /prnewswire/ - contango ore, inc. ("contango" or the "company") (nyse american: ctgo) is pleased to announce that the peak gold jv has made cash distributions totaling $24 million ("m") to contango in the first quarter of 2025 ("q1-2025"). these distributions consist of two payments: $9 m related to additional cash profits from 2024 production, paid on march 12, 2025; and $15 m related to profits from the first half of campaign #1 for 2025 ("campaign #1-2025"), paid on march 27, 2025.
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