Contango receives $9M cash distribution; 2024 gold production exceeds guidance by ~30%

Contango Silver & Gold Inc.

Peak Gold JV paid Contango $9.0M on Dec 19, 2024; total distributions $40.5M since July 2024.
Contango's 30% share of 2024 gold production ~42,000 oz, beating original guidance of 30,000-35,000 oz.
2025 gold production guidance set at 60,000 oz; average ~58,750 oz annually through 2028.
Average blended realized gold price $2,285/oz; total gold/silver sales $95.4 million.
Life-of-mine AISC estimated at ~$1,400/oz; final 2024 financial results due March 2025.

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