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Contango Announces $9.0 Million Cash Distribution from the Peak Gold JV and Update on 2026 Exploration Plans
benzinga61d ago

Contango Announces $9.0 Million Cash Distribution from the Peak Gold JV and Update on 2026 Exploration Plans

FAIRBANKS, Alaska , April 22, 2026 /PRNewswire/ - Contango Silver & Gold Inc. ("Contango" or the "Company") (NYSE: CTGO ) (TSX: CTGO ) is pleased to announce that the Peak Gold JV made a cash distribution in the amount of $9 million ("M") to Contango on March 25, 2026. The Peak Gold JV completed the first of four campaigns planned for 2026, with the second campaign scheduled to commence in mid-May 2026. Advancing the Path to Production with a Robust 2026 Exploration Program The Company is pleased to outline its 2026 operational roadmap to advance our pipeline of advanced exploration-stage projects. The 2026 campaign is headlined by: 1) a sustained underground drill program at Lucky Shot to support a Feasibility Study due H1 of 2027; 2) pivotal infrastructure construction and permitting at the Johnson Tract Critical Metals project; and 3) an updated Mineral Resource Estimate (MRE) at the Kitsault Valley project followed by a comprehensive drilling program to support a preliminary development plan for the Kitsault Valley assets due H1 2027. This 2026 program is fully funded to drive high-margin growth and systematic project de-risking as follows: Lucky Shot: Operational momentum continues with 5,900 meters of underground drilling already completed as of April 21 st with the Company on track to complete an additional 12,100 meters of surface and underground drilling this year—part of a $21 M investment designed to underpin a Feasibility Study, slated to be completed in H1 2027. Johnson Tract: With a $17 M budget for 2026, key milestones include the construction of a 3-mile access road from the camp to the portal site, winterization of camp for year-round operations, mobilizing equipment for the portal site preparation, and critical environmental permitting for the road and barge landing facilities under the FAST-41 program. Kitsault Valley: Following completion of a new MRE expected by the end of Q2, a transformative 40,000 meter surface drilling program is expected to begin in June. The $25 M campaign aims ... Full story available on Benzinga.com

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globenewswire_fr61d ago

Akrete Founder and CEO Margy Sweeney Named a PRNEWS 2026 Top Woman in PR and Communications

CHICAGO, April 22, 2026 (GLOBE NEWSWIRE) -- Akrete, an award-winning national B2B public relations, content marketing and corporate communications firm, has announced that Margy Sweeney , Founder and CEO, has been named to PRNEWS’ 2026 list of Top Women in PR and Communications in the Business Entrepreneurs category. Since launching Akrete in 2011 as a one-woman shop, Sweeney has grown it into a 30-person national team of diverse B2B writers, media professionals and marketing communications strategists.

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iol61d ago

Global markets react to Trump's ceasefire extension with Iran

Global markets experienced a temporary boost following US President Donald Trump's indefinite ceasefire extension with Iran. This article explores the implications for oil prices, inflation, and economic forecasts amid ongoing geopolitical tensions.

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Sensex sinks 757 pts, Nifty breaks below 24,400 as IT stocks crack
business-standard61d ago

Sensex sinks 757 pts, Nifty breaks below 24,400 as IT stocks crack

The domestic equity benchmarks snapped their three-day winning streak with a sharp jolt on Wednesday, as relentless selling in IT heavyweights and simmering geopolitical tensions dragged sentiment into the red. The Nifty 50 gapped down decisively to open at 24,470.85, mirroring weak global cues after the U.S.-Iran failed to clinch an agreement ahead of the ceasefire deadline.

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Rupee Falls 39 Paise To 93.83 As US-Iran Tensions Push Crude Prices Higher
freepressjournal61d ago

Rupee Falls 39 Paise To 93.83 As US-Iran Tensions Push Crude Prices Higher

The rupee weakened for a third straight session, falling 39 paise to close at 93.83 against the US dollar on Wednesday, forex traders said. The decline followed rising crude oil prices and uncertainty over US-Iran talks. Analysts attributed pressure to FII outflows and equity sell-offs, with Brent crude up 1.29% amid fresh Strait of Hormuz attacks.

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