CTGO:CA:
CTGO:
SILVER:
GOLD:
CTGO:CA:
CTGO:
SILVER:
GOLD:
Manh Choh is in commercial production through the Peak Gold Joint Venture, in which Contango holds a 30% interest and Kinross Gold is the 70% operator.
Contango’s share of production averages approximately 60,000 ounces of gold annually over the life of mine, generating substantial free cash flow.
One of the highest-grade open pit gold mines in the world, anchored by 1.3 million ounces of Measured and Indicated gold resources.
Direct road access from the Alaska Highway via a 15-kilometer road, with ore processed at an existing, fully permitted facility.
Overview
Manh Choh is the cash flow engine of the Contango Silver & Gold story. Contango holds a 30% interest in the mine through the Peak Gold Joint Venture, with Kinross Gold acting as the 70% owner and operator. The mine achieved first gold production in July 2024 and now delivers an average of approximately 60,000 ounces of gold per year to Contango’s account over the life of mine.
The project is located on Native Alaskan Tetlin Tribal lands in Alaska’s eastern Interior, near the village of Tetlin and the community of Tok. The Peak deposit sits on a group of low hills in the northern portion of the lease and is accessible from the Alaska Highway via a 15-kilometer road. To date, 1.3 million ounces of Measured and Indicated gold resources have been outlined in a skarn-type mineral deposit, defined by 55,321 meters of drilling in 300 drill holes.
Manh Choh is the proof of concept for Contango’s Direct Ship Ore (DSO) model. Rather than building a new mill on site, ore is mined and hauled by road to an existing, fully permitted processing facility, the Fort Knox milling facility located outside of Fairbanks, Alaska. This approach dramatically reduces capital costs, shrinks the environmental footprint, and shortens the path from discovery to cash flow.
For more information about the mine, visit manhchoh.com.
Watch the Project Story
Key Project Metrics
Tenure
Peak Gold Joint Venture. Contango holds a 30% interest in Manh Choh through the Peak Gold Joint Venture. Kinross Gold, one of the world’s leading senior gold producers, holds the remaining 70% and operates the mine. The JV structure gives Contango exposure to producing ounces without operational or construction risk, and JV cash distributions flow directly to Contango’s treasury.
Tetlin Lease and the Native Village of Tetlin. The project sits on lands leased from the Alaskan Native Village of Tetlin, whose members benefit from royalties, employment, and community investment tied to the mine. The relationship with the Tetlin Tribe has been foundational to the project since exploration began, and community partnership remains central to how the mine operates.
The Peak deposit is a gold-silver skarn hosted in metasedimentary rocks in the northern Tetlin Hills. Mineralization is well defined by 55,321 meters (181,500 feet) of drilling across 300 drill holes, including 30,989 individual assay intervals, supporting one of the highest-grade open pit gold operations in the world.
Regional geology, deposit detail, and significant drill intercepts are available in the linked technical documents below.
Contango ORE, Inc. entered the Tetlin Lease in 2008 and discovered the Peak deposit through systematic exploration. The Peak Gold Joint Venture was formed in 2015 to advance the project, and Kinross acquired its 70% operating interest in 2020. A construction decision followed, and the mine achieved first gold production in July 2024. Contango Silver & Gold now holds the 30% JV interest as the cornerstone producing asset in its portfolio.
Manh Choh is in steady-state production. Ore is mined from the high-grade open pit and hauled to an existing permitted facility for processing, with Contango’s 30% share averaging approximately 60,000 ounces of gold per year over the life of mine.
The mine’s cash flow is what makes the rest of the Contango strategy possible. JV distributions fund exploration and development across the Alaska gold hub and the Kitsault Valley silver hub without shareholder dilution, and in 2026 the Company converted its remaining hedge contracts into debt, restoring full gold price exposure on future production.
