Contango Announces $12.0 Million Cash Distribution Received from the Peak Gold JV and Commencement of Third Campaign
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Contango ORE, Inc. (NYSE American: CTGO) received a $12.0 million cash distribution from the Peak Gold JV, representing its 30% share of profits from the processing of Manh Choh ore. This marks the completion of Campaign #2 and the start of the third campaign.
November 07, 2024 | 3:00 pm
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Contango ORE, Inc. received a $12 million cash distribution from the Peak Gold JV, indicating successful completion of Campaign #2 and the start of a new campaign.
The $12 million cash distribution reflects successful operations and profitability from the Peak Gold JV, which is likely to positively impact Contango's stock price. The commencement of a third campaign suggests continued revenue generation potential.
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