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Montage Gold Corp. reports developments tied to its gold development and exploration portfolio in Côte d’Ivoire. News centers on the flagship Koné project, including mineral resource estimates for the Koné and Gbongogo Main deposits, grade-control results, satellite-deposit exploration, and construction progress.
Company updates also cover portfolio expansion following the completed acquisition of African Gold Limited, which added the resource-stage Didievi project and made African Gold a wholly owned subsidiary. Other recurring items include material agreements, shareholder voting matters, capital-structure disclosures, governance matters, and operating and financial results.
Montage Gold (OTCQX:MAUTF) reported Q1-2026 progress at its Koné gold project in Côte d’Ivoire and broader exploration portfolio.
Construction is on-budget and ahead of schedule, with first gold targeted in late Q4-2026 and approximately 72% of the $885.0 million upfront capital now committed.
Total Koné capital committed reached $606.9 million at quarter-end and about $636.9 million currently, with 10.4 million hours worked and an LTIFR of 0.11. A 90,000-meter drill program at Koné has completed 47,254 meters, and updated and maiden resource estimates for multiple satellite deposits are expected in Q2-2026. Montage also closed the acquisition of African Gold’s Didievi project and is advancing a 40,000-meter program there, while early-stage work progresses at Wendé in Côte d’Ivoire and Sfariat/Zednes in Mauritania. Total liquidity and Koné funding sources stood at $440.2 million versus remaining capital disbursements of $380.1 million.
Montage Gold (TSX:MAU; OTCQX:MAUTF) completed its acquisition of African Gold (ASX:A1G) on April 29, 2026, making African Gold a wholly owned subsidiary and adding the Didievi resource-stage project in Côte d’Ivoire to Montage’s portfolio.
The transaction issued 29,957,800 new Montage shares (bringing total to 402,875,311 outstanding) and 2,951,600 Montage options. Montage says its Koné project remains on-budget and ahead of schedule, targeting first gold pour in late Q4 2026.
Montage Gold (OTCQX: MAUTF) secured five greenfield gold exploration permits totaling approximately 2,103 km2 in northern Mauritania on April 14, 2026. Four permits are owned 100% (Sfariat) and one (Zednes) is an 80% interest subject to approvals. Montage allocated up to US$2.0 million for 2026 exploration, including ~6,000m of soil sampling and plans for ~15,000m of AC/RC drilling beginning Q4-2026. Initial work is focused on reconnaissance, geological mapping and target definition across Birimian-Archean contact zones and major shear structures.
Montage Gold (OTCQX: MAUTF) announced that shareholders and optionholders of African Gold (ASX:A1G) voted in favour of the proposed schemes of arrangement to effect Montage's proposed acquisition of 100% of African Gold.
The voting satisfies two key remaining conditions precedent. The Schemes remain subject to Supreme Court of Western Australia approval on April 17, 2026, and, if approved, are expected to become effective on or around April 20, 2026 with implementation targeted for April 29, 2026. Other customary conditions precedent still apply.
Montage Gold (TSX: MAU, OTCQX: MAUTF) published an updated Mineral Resource Estimate for the Koné and Gbongogo Main deposits dated March 30, 2026. M&I resources rose by 671 koz to 5.88 Moz (0.77 g/t) and Inferred resources rose by 782 koz to 1.56 Moz (0.58 g/t). Koné M&I increased to 4.63 Moz and Gbongogo Main Indicated rose to 783 koz.
The company completed 174,000 m of drilling in 2025 and launched a 90,000 m 2026 program; first gold pour through the oxide circuit is targeted in late Q4-2026.
Montage Gold (TSX:MAU, OTCQX:MAUTF) reports rapid, on‑budget construction at the Koné project with first gold pour targeted in late Q4‑2026. Capital committed is ~$572.8M (≈65% of $885.0M total). More than 9.0 million hours worked, >3,000 onsite staff, and robust liquidity of $559.4M against remaining capital disbursements of $518.0M. Exploration delivered 114,699 m drilled in 2025; 2026 programmes and resource updates are imminent. Acquisition of African Gold (Didievi) announced; closing expected Q2‑2026. Procurement of $25.0M backup gensets approved to support oxide start‑up.
Montage Gold (TSX: MAU; OTCQX: MAUTF) reports rapid construction progress at its Koné project in Côte d'Ivoire with >7.2 million construction hours and an on-site workforce of over 3,000 (≈90% local employment). The company says ≈$545 million of capital has been committed to date, representing ~63% of upfront capital, with costs in line with expectations.
Key milestones: all 14 CIL tanks erected, oxide sizer complete, ball mill shell delivered, TSF embankment wall finished three months early, water infrastructure commissioned, resettlement village occupied. The company targets first gold pour via the oxide circuit in late Q4-2026 and completion of the hard-rock comminution circuit in Q2-2027.
Exploration: ~115,000 m drilled in 2025 plus 56,000 m pre-production drilling; a 2026 program launched with a $16 million budget covering 90,000 m at Koné and 9,000 m at Wendé.
Montage Gold (TSX:MAU, OTCQX:MAUTF) announced two new exploration permits in Côte d’Ivoire granted Dec 16, 2025: the Gbatosso permit increases the Koné project land package by 381km2 to 1,699km2, and the Wendé permit adds an advanced greenfield property of ~107km2. Gbatosso lies along the Lokolo and Yeré trends and is within trucking distance of the Koné processing plant. Wendé sits on the Ouango-Fitini shear zone and contains a 7km2 gold-in-soil anomaly with assays >100ppb. Montage says Koné construction remains on-budget and on-schedule and plans exploration at Wendé in early 2026.
Lake Victoria Gold (OTCQB: LVGLF) reported drill results and corporate developments as activity accelerates across African gold projects amid record bullion prices on Dec 15, 2025. Recent assays from a 4,000m program at Area C, Imwelo Project, include 20.77 g/t over 0.31m, 9.31 g/t over 2.45m, and 11.19 g/t over 0.90m, with mineralization now demonstrated to over 250m vertical depth versus prior limits of 200m.
Operational updates: 16 of 24 planned holes completed; Tembo Project targets a 3,000m program; processing commissioning nears at Nyati Resources facility. Financing highlights include a possible US$45 million milestone stream from a 2021 asset sale to Barrick, a gold prepay facility, and a C$11.52 million strategic investment from Taifa Group. The company cautions no feasibility study has established mineral reserves, noting increased technical and economic uncertainty.
Montage Gold (TSX: MAU, OTCQX: MAUTF) agreed to acquire African Gold (ASX: A1G) by an Australian court‑approved scheme, adding the Didievi project in Côte d’Ivoire.
The Didievi asset now hosts an Inferred Resource of 12.4Mt at 2.5 g/t Au (989,000 oz). The Exchange Ratio is 0.0628 Montage share per African Gold share, implying an offer price of A$0.50 per African Gold share and an acquired implied equity value of approximately US$170 million. Montage will issue 27,685,392 shares to implement the deal. Scheme meetings are expected in early April 2026 with implementation by late April 2026.