05:53 PM EDT, 06/29/2026 (MT Newswires) -- Contango Silver & Gold ( CTGO ) said Monday it agreed to settle up to $18.75 million in milestone payment obligations tied to its Lucky Shot project for $5 million in cash and 100,000 common shares.

The agreement eliminates the remaining milestone payment obligations related to the project.

The company also said it received a $9 million cash distribution on June 25 from the Peak Gold joint venture related to the second 2026 production campaign at the Manh Choh mine.