Contango Announces $9.0 Million Cash Distribution from the Peak Gold JV
Portfolio Pulse from
Contango ORE, Inc. received a $9.0 million cash distribution from the Peak Gold JV, representing its 30% share of profits from processing Manh Choh ore.
December 19, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Contango ORE, Inc. received a $9.0 million cash distribution from the Peak Gold JV, representing its 30% share of profits from processing Manh Choh ore.
The $9.0 million cash distribution is a significant revenue event for Contango ORE, Inc., reflecting its 30% profit share from the Peak Gold JV. This positive financial news is likely to boost investor confidence and potentially lead to a short-term increase in CTGO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100