Montage Gold Stock Price, News & Analysis

Montage Gold Corp. (OTCQX: MAUTF) has appointed Jeremy Langford to its Board of Directors, effective July 7, 2025. Langford brings extensive experience in designing, building, commissioning, and operating large-scale gold mining projects globally, particularly in West Africa.

The appointment comes as Montage continues the development of its Koné project, which remains on-budget and on-schedule for first gold pour in Q2-2027. Following this appointment, Montage's Board will consist of seven members, including both independent and non-independent directors.

Montage Gold Corp. has completed the second tranche of its strategic investment in African Gold Limited, marking a significant milestone in their partnership. The Share Exchange Transaction involves Montage receiving 92.38M African Gold Ordinary Shares at A$0.07 per share, while African Gold receives 2.03M Montage Common Shares at C$2.87 per share. In this second tranche, 46.36M African Gold shares were issued to Montage, and 1.02M Montage shares were issued to African Gold, subject to a hold period until October 13, 2025. Additionally, Montage secured a technical services agreement for managing operations at the Didievi Project and obtained first refusal rights for African Gold's interests in both the Didievi Project and Angoda Permit.

Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF) held its Annual and Special General Meeting with strong shareholder participation, as 208,377,611 common shares (58.85% of outstanding shares) were voted. All resolutions passed successfully, including the appointment of auditors with 100% approval, election of directors with high approval rates ranging from 89.89% to 100%, and the Omnibus Equity Incentive Plan with 91.92% support. Notable director elections included Alessandro Bitelli and Martino De Ciccio, both receiving near-unanimous approval at 100%, while Richard P. Clark received 89.89% support.

Montage Gold Corp reports strong Q1-2025 progress at its flagship Koné gold project in Côte d'Ivoire. Construction remains on-budget and on-schedule for first gold pour in Q2-2027, with over $304M of capital committed (36% of total $835M capex). Key achievements include: 2.0M hours worked without lost-time injuries, CIL ring beams completed 2 months ahead of schedule, and over 2,100 employees on site. The exploration program completed 45,887 meters of drilling in Q1-2025, spending $6.9M focusing on the Gbongogo-Koroutou and Sissédougou trends. The company maintains robust liquidity of $833M against remaining capital needs of $750M. Montage recently graduated to the TSX and formed strategic partnerships with African Gold and Aurum Resources to strengthen its position.

Montage Gold Corp. (MAUTF) has announced a strategic partnership with Aurum Resources, strengthening its position along the Boundiali greenstone belt in Côte d'Ivoire. Montage will acquire a 9.9% stake in Aurum through the issuance of 2.89 million common shares, valued at approximately C$10.4 million. The investment aligns Montage with other strategic investors, including Zhaojin Mining and the Lundin Family, who will each hold 9.9% interests in Aurum.

Aurum owns the Boundiali gold project, located adjacent to Montage's Koné project, and the Napié gold project. The Boundiali project currently has an Inferred Resource of 1.59 million ounces of gold and is undergoing a 100,000-meter drill program. Aurum expects to publish an updated resource estimate and PFS by year-end. The transaction is expected to close in late June 2025, subject to approvals.

Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has received final approval to list its common shares on the Toronto Stock Exchange (TSX). Trading will commence on April 29, 2025, maintaining the 'MAU' symbol. The company will voluntarily delist from TSXV prior to TSX trading, with no action required from shareholders.

The graduation to TSX marks a strategic milestone in Montage's vision to become a premier African gold producer. The move is expected to enhance visibility, broaden investor base, increase liquidity, and enable potential index inclusion. The company's flagship Koné gold project in Côte d'Ivoire, one of the largest gold projects under construction globally, remains on budget with first gold pour targeted for Q2-2027.

Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has received conditional approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange (TSX). The company expects to complete the graduation in the coming weeks, trading under the symbol 'MAU'.

CEO Martino De Ciccio highlighted that this move aligns with their strategy of becoming a premier African gold producer, noting it should enhance visibility, broaden their investor base, increase liquidity, and provide potential index inclusion eligibility.

The company's flagship Koné gold project in Côte d'Ivoire continues construction on budget, with first gold pour expected in Q2-2027. The TSX listing is subject to fulfilling customary conditions, and shareholders won't need to take any action regarding their share certificates as the trading symbol and CUSIP will remain unchanged.

Montage Gold Corp. (TSXV: MAU, OTCQX: MAUTF) has exercised its participation rights to maintain its 19.5% equity stake in Sanu Gold following Sanu's non-brokered private placement. Montage acquired 7,664,294 shares of Sanu at C$0.28 per share, paid through the issuance of 848,222 Montage shares at C$2.53 per share, representing a total consideration of approximately C$2.1 million.

The transaction maintains Montage's right to top up its ownership to 19.9% in future financings. AngloGold Ashanti and the Lundin Family have also participated to maintain their respective 10% ownership positions. The proceeds will fund Sanu's exploration activities in Guinea, including ground geophysics and drilling programs at the Daina and Diguifara permits, as well as potential new permit acquisitions.

Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has announced significant progress in its 2024 Koné project exploration program in Côte d'Ivoire. The company completed 81,815 meters of drilling, investing US$13 million to identify higher-grade satellite deposits.

Key achievements include:

• Delineation of 7 new higher-grade satellite deposits with grades between 0.9-1.6 g/t Au
• Addition of 160koz at 1.16 g/t Au (Indicated) and 270koz at 1.0 g/t Au (Inferred) from satellite deposits
• Koné deposit increase: Indicated resource up by 150koz to 4.49Moz at 0.57 g/t Au
• Total project resources now stand at 5.21Moz Indicated at 0.62 g/t Au and 780koz Inferred at 0.54 g/t Au

The company has launched a new 90,000-meter drill programme in early 2025, investing US$14 million to continue exploration of higher-grade satellites. Production is scheduled to commence in Q2-2027.