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 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.
Montage Gold Corp. (TSXV: MAU, OTCPK: MAUTF) announced its upcoming release of the Definitive Feasibility Study (DFS) results for the Koné Gold Project in Côte d'Ivoire on February 14, 2022. The DFS marks 15 months of diligent work post the company's IPO. CEO Hugh Stuart expressed optimism about the project's progress. Montage will also participate in several investment conferences and will provide a pre-recorded webcast of the DFS on its website. The Koné Gold Project currently hosts an Indicated Mineral Resource of 225Mt grading 0.59g/t for 4.27Moz of gold.