Contango Ore receives $19.5M cash distribution from Peak Gold JV; CEO signs new employment agreement

Contango Silver & Gold Inc.

$19.5M cash distribution received from Peak Gold JV (30% owner) from Manh Choh gold mine Campaign #1.
At least one more cash distribution expected before year-end; two further campaigns planned in 2024.
Contango estimates its 2024 gold production share from Peak Gold JV at 30,000–40,000 ounces.
CEO Rick Van Nieuwenhuyse signs new employment agreement; base salary unchanged at $500k/year, enhanced severance on change of control.

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