Contango Ore reports first gold production from Manh Choh: 55,000 oz poured, $32.2M in sales

Contango Silver & Gold Inc.

Processed ~210,000 tons averaging 0.276 oz/ton (9.46 g/t) with 95% recovery, better than TRS estimate of 90%.
Peak Gold JV poured ~55,000 oz gold and 11,000 oz silver; Contango's 30% share generated $32.2M in sales.
Contango sold 8,900 oz hedged gold at $2,025/oz and 5,800 oz spot gold at $2,440/oz; blended $2,188/oz.
2024 production guidance: 30,000-40,000 oz gold for Contango's 30% share; expects strong cash position by year-end.
CEO notes acquisition of HighGold and Johnson Tract increased mineral resources threefold; two more batches planned.

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