USACritical Materials & Supply Chain▲
Contango settles Lucky Shot milestone payments, receives $9M from Peak Gold JV
Contango Silver and Gold has agreed to settle milestone payments totaling $18.75 million on the Lucky Shot project in Alaska in exchange for $5 million in cash and 100,000 common shares of the company. The settlement eliminates remaining payment obligations and gives Contango 100% unencumbered control of the Lucky Shot asset. Separately, Contango has received a $9 million cash distribution from the Peak Gold joint venture related to production from its second campaign of 2026 at the Manh Choh mine in Alaska. Contango holds a 30% interest in the Peak Gold JV, with the remaining 70% owned by Kinross Gold.
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Critical Materials & Supply Chain › Precious Metals ▲Capital
CTGO · Capital · Positive Settled Lucky Shot milestone payments for cash and shares, eliminating obligations and gaining full control; also received $9M cash distribution from Peak Gold JV.
KGC · Capital · Positive Kinross Gold, as 70% owner of Peak Gold JV, is associated with the $9M distribution to Contango, indicating ongoing production at Manh Choh mine.