Contango Ore reaffirms 2025 gold prod 60k oz, AISC jumps to $1,625/oz; mine life 4-5 yrs

Contango Silver & Gold Inc.

2025 gold production reaffirmed at 60,000 oz (Contango's 30% share); 2024 expected 38,500 oz.
Life-of-mine AISC increased to ~$1,400/oz AuEq vs prior $1,116/oz; 2025 AISC expected ~$1,625/oz.
Weight restrictions on Chena Flood Plain Bridge and higher ore moisture reduce annual transport ~20% vs original TRS.
At $2,500/oz gold, Contango expects ~$50M cash distribution from Peak Gold JV in 2025; LOM now 4-5 years.
Working with lenders to restructure credit facility repayments and hedge contracts to match production schedule.

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