Welcome to our dedicated page for Montage Gold news (Ticker: MAUTF), a resource for investors and traders seeking the latest updates and insights on Montage Gold stock.
Montage Gold Corp. (OTCQX: MAUTF) generates a steady flow of news as it advances the Koné gold project and related exploration portfolio in Côte d’Ivoire. Company updates highlight construction milestones at one of the largest gold projects under development, extensive drilling across multiple mineralised trends, and corporate transactions aimed at building a multi-asset African gold platform.
Readers following MAUTF news can expect detailed reports on progress at the Koné processing plant and infrastructure, including CIL tank erection, mill foundations, water storage and tailings facilities, power connection works, camp construction and haul roads. Montage also issues regular exploration updates covering higher-grade satellite deposits such as Gbongogo South, Koban North and ANV, as well as emerging targets like Petit Yao, where high-grade intercepts are being reported near the planned processing plant.
News coverage further includes announcements on new exploration permits such as Gbatosso and Wendé, which expand the Koné land package and add advanced greenfield opportunities along major regional structures. Corporate developments feature prominently, including the proposed acquisition of African Gold Limited and the addition of the Didievi project, as well as a strategic share exchange with Aurum Resources that increases Montage’s exposure to other Côte d’Ivoire gold projects.
For investors and sector observers, the Montage Gold news stream offers insight into how a gold developer is managing large-scale construction, aggressive exploration programmes and portfolio-building transactions within West Africa’s gold sector. Bookmark this page to review the latest MAUTF press releases, project updates and exploration results as they are released.
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.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has completed the first tranche of its strategic investment in African Gold (ASX:A1G) through a share exchange transaction. The deal involves:
- Montage receiving 92,377,787 African Gold shares at A$0.07 per share
- African Gold receiving 2,026,388 Montage shares at C$2.87 per share
In Tranche 1, Montage received 46,019,641 African Gold shares while African Gold received 1,009,481 Montage shares (subject to a 4-month hold period until August 8, 2025). The agreement includes investor rights for Montage, requiring 9% ownership in African Gold until Tranche 2 completion and 10% thereafter. Tranche 2 is expected to close in Q2-2025, pending African Gold shareholder approval.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has announced a strategic partnership with African Gold (ASX:A1G), acquiring up to 19.9% ownership through the issuance of up to 2.19 million common shares valued at approximately C$6.3 million.
The partnership centers on African Gold's Didievi project in Côte d'Ivoire, which hosts an Inferred Resource of 4.93Mt at 2.9 g/t Au containing 452,000oz of gold. African Gold is currently executing a 10,000-meter drill programme at Didievi, reporting high-grade extension intercepts.
Key terms include:
- Montage becoming the operator of the Didievi project
- Appointment of Silvia Bottero as Non-Executive Director and Martino De Ciccio as Strategic Advisor to African Gold's Board
- African Gold raising C$1.66 million through a non-brokered private placement
- Technical Services Agreement until December 2026
- Right of First Refusal on the Didievi Project
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has announced significant progress in the construction of its Koné project in Côte d'Ivoire. The project has reached a key milestone with the commencement of process plant concrete works, including ahead-of-schedule pouring of Carbon-in-Leach tank foundations.
Since mid-December 2024, the on-site workforce has grown from 350 to 1,700 employees and contractors, with over 90% being Ivorian nationals. The project remains on track for first gold pour in Q2-2027 and on budget, with approximately 25% of the US$835 million capital spend committed.
Key construction highlights include:
- Process plant earthworks more than 30% complete
- Water Storage Facility over 35% complete and ahead of schedule
- Strong safety record with 730,000 man-hours worked without lost-time injury
- Engineering and procurement is 30% complete, exceeding the 17% target
- Permanent camp construction advancing with 80 rooms complete and 160 under assembly
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has reported its 2024 achievements and announced 2025 executive incentive plan targets. The company successfully launched construction of the Koné project in Côte d'Ivoire ahead of schedule in Q4-2024, making it one of the top-performing stocks on both TSX Venture Exchange and OTCQX for 2024.
The 2025 Short-Term Incentive Plan (STIP) objectives focus on:
- Project Development (60%): Keeping Koné project on budget for first gold pour in Q2-2027
- Exploration (30%): Discovery of 1Moz of M&I resources at 50% higher grade than Koné deposit
- ESG (10%): Maintaining 85% local employment during construction
The company granted 1,333,839 Performance Share Units (PSUs) and 3,750,741 stock options to executives and employees, with options exercisable at C$2.40 per share over five years. Montage currently has 351,366,246 Common Shares outstanding and 380,138,917 shares on a fully diluted basis.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has completed its strategic partnership with Sanu Gold , acquiring a 19.9% interest through a share exchange transaction. Montage received 76,307,155 Sanu common shares at CAD $0.072 per share, while issuing 2,337,921 Montage common shares at CAD $2.35 per share to Sanu.
Concurrently, Sanu completed a non-brokered private placement of 63,351,344 shares, raising gross proceeds of CAD $4,561,297. The shares from both transactions are subject to a 4-month hold period expiring May 1, 2025. Sanu plans to use the proceeds for exploration activities in Guinea, West Africa, including geophysics and drilling on their Daina, Diguifara and Bantabaye Gold Exploration Permits.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has announced the closure and drawdown of a US$75 million fully redeemable subordinated gold stream with Zijin Mining Group. This stream is part of a larger US$825 million financing package announced in October 2024. The funds will be used for the construction of the Koné project in Côte d'Ivoire, which commenced on December 18, 2024.
The company expects to draw an additional US$700 million gold stream and loan from Wheaton Precious Metals International and a US$50 million loan from Zijin during the construction phase. First gold production is scheduled for Q2-2027, with early works already in progress and major construction set to begin in the coming weeks.
Montage Gold Corp. (MAUTF) has launched construction of its Koné gold project in Côte d'Ivoire, with first gold production expected in Q2-2027. The project is fully funded with upfront capex of US$835 million against over US$900 million in liquidity sources. The company has awarded the EPCM contract to Lycopodium Minerals and secured pricing for over US$150 million in long-lead items. Key optimizations include upgrading the primary crusher power capacity by 33% and increasing ball mill power by 10%. Early works are progressing with no lost time incidents after 138,890 workhours. An ongoing 90,000m drill programme is expected to be completed soon, with a maiden mineral resource anticipated in Q1-2025.
Montage Gold has entered into a strategic partnership with Sanu Gold, acquiring a 19.9% stake through the issuance of 2.3 million shares valued at C$5.5 million. The Lundin Family is co-investing to obtain a 10% stake, joining AngloGold Ashanti's existing 14% ownership. Sanu owns three gold exploration properties in Guinea's Siguiri basin: Daina, Diguifara, and Bantabaye. The partnership includes Martino De Ciccio's appointment as Sanu's Non-Executive Chairman and participation in a C$10.0 million private placement at C$0.072 per share. The agreement includes participation rights, board nomination, and Right of First Refusal on certain asset-level transactions.