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By Shane Lasley
Mining News 

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

Articulating trucks, dozer, and compactor upgrade road during fall in Alaska.

Kinross Alaska

Crews upgrade an existing road on the Manh Choh property leased from the Eastern Interior Alaska Native Village of Tetlin.

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...



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