CTGO Gains 3.55% to $20.98, Expects $20M Cash Distribution by End of Month

NIA's #1 favorite producing gold miner Contango ORE (CTGO) gained by 3.55% today to $20.98 per share and has so far gained by 63.27% since the May 14th publication of NIA's CTGO report (click here to read it).

CTGO announced today that its Peak Gold JV has completed its second production campaign of 2025, with CTGO's share of production equal to approximately 15,700 oz of gold. CTGO anticipates that the Peak Gold JV will make a cash distribution to CTGO in excess of $20 million in late June 2025!

Last night, NIA discussed how CTGO CEO Rick Van Nieuwenhuyse won the 2009 Thayer Lindsley Award for discovering Donlin. On June 3rd, billionaire John Paulson acquired a 40% stake in Donlin for $800 million!

Rick Van Nieuwenhuyse said today, "Based on year-to-date results and projections going forward, we now expect cash distributions for 2025 from the Peak Gold JV now to be in excess of $93 million, assuming a $3,200 per ounce spot gold price for the second half of 2025. This higher-than-expected cash flow will be used to strengthen our cash position, reduce debt and fulfill our hedge contracts. We continue to advance permitting activities on the Johnson Tract project."

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from CTGO of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.