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. (MAU, MAUTF) announced promising drill results from its Mankono Sissédougou Joint Venture within the 2,258 sq km Koné Gold Project. The drilling program, initiated in November 2022, revealed significant intercepts including Gbongogo's 95m at 2.03g/t and Lokolo Main's 20m at 7.22g/t. The initial 6,713m of drilling has led to plans for an expanded exploration program involving three rigs. CEO Rick Clark highlighted the project's potential to enhance the KGP's economic value with high-grade discoveries slated for further evaluation. A revised feasibility study is expected by the end of 2023.
Montage Gold Inc. (TSXV: MAU, OTCQX: MAUTF) has granted a total of 3,700,000 stock options to its officers, directors, and eligible persons, exercisable over three years at $0.65 per share. Additionally, 576,923 Deferred Share Units were issued to non-executive directors and 1,023,077 Restricted Share Units to executives and management, all subject to vesting provisions. The company focuses on precious metals exploration in Côte d'Ivoire, primarily on the Koné Gold Project, which features a Probable Mineral Reserve of 161.1Mt grading 0.66g/t for 3.42M ounces of gold.
Montage Gold Corp. announces the Ivorian Council of Ministers approved the Gbongogo and Sisséplé Exploration Permits for the Mankono-Sissédougou Joint Venture. This approval is crucial for finalizing the acquisition of Mankono, expected to close soon after the Presidential decree. The firm plans an aggressive exploration program, starting with 25,000m of drilling over 14 targets. Historic exploration investments of US$20M revealed high-grade intercepts, including 135.2m at 2.63g/t gold. The Gbongogo prospect shows potential for up to 1.2Moz, enhancing the Koné Gold Project's economics significantly.
Montage Gold Corp. has appointed Richard P. Clark as the new Chief Executive Officer, effective August 29, 2022, while Hugh Stuart remains President. This leadership change aims to enhance the company's strategic direction as it moves forward with the Koné Gold Project.
Montage has successfully increased its resources since its IPO in October 2020, now reporting a 3.42Moz Mineral Reserve and plans to acquire the Mankono-Sissédougou Joint Venture to boost potential production. An aggressive exploration program is set to commence shortly.
Montage Gold Corp. has entered into an agreement to acquire a 100% interest in the Mankono-Sissédougou Joint Venture Project from Barrick Gold and Endeavour Mining for C$30 million. The acquisition includes C$14.5 million in cash and 22,142,857 common shares, along with a 2% NSR royalty. The acquisition will expand Montage's land position at the Koné Gold Project to 2,259 km². Closing of the transaction is subject to the award of the Gbongogo Exploration Permit and is expected within six months. The company plans to aggressively explore the new project area, targeting high-grade gold opportunities.
Montage Gold Corp. (TSXV: MAU, OTCPK: MAUTF) announced the appointment of Anu Dhir to its Board of Directors, effective immediately. Dhir, a co-founder of Wshingwell and seasoned mining executive, brings over 20 years of experience, particularly in Latin America. Additionally, Richard P. Clark steps down as non-executive Chair, with Peter C. Mitchell assuming the role. Montage is advancing its Koné Gold Project, which has a Probable Mineral Reserve of 3.42M ounces of gold. Dhir will receive 300,000 stock options at C$0.81 per share.
On April 25, 2022, Montage Gold Corp. (MAUTF) announced the awarding of a new exploration permit, the Sisséplé Exploration Permit, near its Koné Gold Project in Côte d'Ivoire. The permit covers 322km2, expanding Montage's holdings to 983km2. The company is focusing on exploring previously uncharted areas to locate higher-grade gold sources. Initial soil sampling is underway, and further geophysical surveys and drilling plans are set to define targets and assess resource potential. This development is aimed at enhancing the economics of the Koné project following a successful Definitive Feasibility Study.
Montage Gold Corp. (TSXV: MAU, OTCPK: MAUTF) announced that it has filed its Definitive Feasibility Study NI 43-101 Technical Report for the Koné Gold Project in Côte d'Ivoire on SEDAR. Dated March 14, 2022, with an effective date of February 14, 2022, the report confirms a Probable Mineral Reserve of 161.1Mt grading 0.66g/t, amounting to 3.42M ounces of gold. The project's after-tax NPV is $746M with an IRR of 35%. The feasibility study outlines a 15-year operation producing 3.06M ounces at an all-in sustaining cost of $933 per ounce.
Montage Gold Corp. (TSXV: MAU, OTCPK: MAUTF) has appointed HCF International Advisers Ltd. to aid in raising project finance for its Koné Gold Project in Côte d'Ivoire. The company has progressed significantly since its IPO in October 2020, growing from a 1.5M ounce Inferred Resource to a 3.4M ounce Probable Mineral Reserve. Following the February 14, 2022, release of a definitive feasibility study showing robust project economics, investment interest has surged. The project anticipates a payback period of 2.7 years and an average annual production of 207koz at AISC of $933/oz.
Montage Gold Corp. reports the Definitive Feasibility Study (DFS) results for the Koné Gold Project in Côte d'Ivoire, indicating substantial gold reserves and production capacities. The project holds 3.42Moz of Probable Reserves with an average production of 257koz/year over 14.8 years. Financial metrics reveal a $746M after-tax NPV5% at a $1,600 gold price, and a pre-production capital requirement of $544M. Optimizations have reduced sustaining capital by $153M. The permitting process is ongoing, backed by $10M in liquidity for further exploration.
FAQ
What is the current stock price of Montage Gold (MAUTF)?
What is the market cap of Montage Gold (MAUTF)?
