Contango reaches $70M finance agreement
To fund company's share of Manh Choh Mine development North of 60 Mining News - March 20, 2023
Last updated 4/8/2023 at 5:47am
Contango ORE Inc. March 20 announced that it has entered into an agreement with two financial institutions to arrange a US$70 million loan to help fund the company's portion of expenses to reach the first gold pour at the Manh Choh Mine project in Alaska.
Being advanced by Peak Gold Joint Venture, owned 70% by Kinross Gold Corp. and 30% by Contango, the Manh Choh Mine is expected to produce rou...