Contango Ore announces $21M cash distribution from Peak Gold JV; raises 2025 guidance to >$95M

Contango Silver & Gold Inc.

Received $21M cash distribution from Peak Gold JV on June 25, 2025; year-to-date total $54M.
Peak Gold JV completed second of four 2025 campaigns; Contango's 30% share produced ~36,000 oz gold YTD.
Revised 2025 cash distribution guidance to >$95M assuming ~$3,100/oz gold price for remainder of year.
Plans to early pay $7M of credit facility principal in July, reducing balance to $23M.
Early delivered 11,900 oz gold into July 31 hedge contracts via carry trade; remaining hedges expected at 43,000 oz by end-2025.

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