{"id":1588,"date":"2025-06-16T16:44:11","date_gmt":"2025-06-16T20:44:11","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=1588"},"modified":"2025-06-16T16:45:16","modified_gmt":"2025-06-16T20:45:16","slug":"contango-ore-ctgo-20m-cash-distribution-coming-this-month","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/contango-ore-ctgo-20m-cash-distribution-coming-this-month\/","title":{"rendered":"CTGO Gains 3.55% to $20.98, Expects $20M Cash Distribution by End of Month"},"content":{"rendered":"\n

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

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

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

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

\"\"<\/figure>\n\n\n\n

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.<\/em><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":1592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[47,9],"class_list":["post-1588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-ctgo","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=1588"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1588\/revisions"}],"predecessor-version":[{"id":1591,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1588\/revisions\/1591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/1592"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=1588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=1588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=1588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}