Contango Ore amends credit facility, defers $10.6M and 15,000 oz hedge; 2025 gold campaign started

Contango Silver & Gold Inc.

Amended credit facility: deferred $10.6M principal and 15,000 hedged gold oz to first half 2027; maturity extended to June 30, 2027.
Peak Gold JV started 2025 production campaign Feb 7; Contango's share estimated 15,000-18,000 oz gold.
At $2,500/oz gold, Contango projects 30% share of PGJV cash flows of ~$80M in 2027, ~$70M in 2028 after debt/hedge.
New repayment schedule exposes 30% of net production to spot gold in 2025/26, 80% in 2027, 100% thereafter.
PEA on Johnson Tract project expected to be completed and released in March 2025.

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