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By Shane Lasley
Mining News 

Contango obtains $65M to build Manh Choh

Now has its share of cash for 1-million-oz Alaska gold mine North of 60 Mining News - May 19, 2023

 

Last updated 6/1/2023 at 11:49am

Cat dozer and Hitachi excavator work on the Tetlin Road.

Contango ORE Inc.

The 18-mile Tetlin Twin Road connecting the Peak Gold deposits at Manh Choh to the Alaska highway is nearly complete and expected to be ready for use by early summer.

Contango ORE Inc. May 18 reported that it has secured a loan of up to US$70 million to fund its share of the construction, operation, and other expenses required to achieve the first gold pour at the Manh Choh mine project in Alaska.

Being advanced by Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango (30%), the Manh Choh Mine is expected to produce roughly 1 million g...



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