Montage Gold

Montage Gold CEO Martino De Ciccio, CFA spoke with Cesar Augusto Chavez Penagos at Newsweek Investment Reports a few weeks ago. Read the full article to learn more about:  ✅ The rapid progress being made to advance the Koné project  ✅ The strong support obtained by local stakeholders ✅ The industry-wide re-rate potential given the historical disconnect between the gold price and underlying equities #Gold #GoldEquities 

Montage Gold was pleased to again be highlighted by The Globe and Mail this week after Raj Ray from BMO initiated research coverage. His investment thesis notes that Montage offers a scarce high-quality investment opportunity amongst gold development-stage peers given that our Koné project has been significantly de-risked since the arrival of the new management team, who has secured mining permits and are rapidly advancing the project. See article below: BMO’s Raj Ray initiated coverage of Montage Gold Corp. with an “outperform” recommendation and $2.50 target. The average is $2.59. “Montage is advancing the pre-construction stage Koné gold project in Côte d’Ivoire,” he said. “The attractiveness of the project is the large scale, potential for additional higher-grade resources, simple flowsheet design with relatively low processing costs and access to key infrastructure. “The Koné project has also been significantly de-risked with mining permits in place. Backed by a strong team with significant experience in West Africa, Montage offers a scarce high-quality investment opportunity amongst gold development-stage peers.” #MiningNews #AnalystCoverage https://lnkd.in/e-SaRYP4

Montage CEO Martino De Ciccio, CFA De Ciccio had the opportunity to speak with Arthur Tassell at Mining Review Africa a few weeks ago. With the quick progress being made to advance our project, we look forward to a follow-up discussion soon! 

Montage Gold was pleased to be highlighted by The Globe and Mail this week after Don DeMarco, MBA, P.Eng, P.Geo from National Bank of Canada initiated research coverage. His investment thesis is supported by: 1) a valuation re-rate as our Koné project development is de-risked 2) NAV accretion based on exploration success driving resource accretion, production and FCF growth Read the article below: Touting its “buoyant” reserves and recently “elevated” status, National Bank Financial analyst Don DeMarco initiated coverage of Montage Gold Corp. (MAU-X) with an “outperform” recommendation on Tuesday. Vancouver-based Montage is a single-asset gold developer advancing its 90-per-cent-owned, fully permitted Koné gold project in Côte d’Ivoire, which a “sizeable” after-tax net present value and internal rate of return, according to an updated Feasibility Study. “There has been recent two seminal events which have transformed Montage,” said Mr. DeMarco. “First, in June 2022, upside potential increased significantly when Montage acquired the Mankono JV from Barrick Gold Corp. (TSX: ABX, “sector perform”, $28 target, Analyst: Mike Parkin) and Endeavour Mining plc (TSX: EDV, “outperform,” $47 target), and with this, expanded the total footprint to 2,259 km2, one of the largest in West Africa. Secondly, in February 2024, Montage assigned a new management team and announced a strategic investment by the Lundin Group to become a 19.9-per-cent shareholder. The endorsement from the Lundin Group elevates Montage’s profile and lends for de-risking.” Seeing it “upside focused,” Mr. DeMarco set a target of $2.50 per share. The current average is $2.27. “Our investment thesis is supported by (i) a valuation re-rate as the Koné project development is de-risked. Côte d’Ivoire’s mining competitive advantage combines the Birimian Greenstone Belt and the Fraser Institute top five in Africa for overall investment attractiveness; and (ii) NAV accretion as Montage delivers on near-mine and regional exploration driving resource accretion, production and FCF growth,” he said “Resource conversion and accretion opportunities show potential to lift and extend the 300k oz/year, a wheelhouse of interest among Senior producers.” https://lnkd.in/eFvktwCH

We are pleased to announce a C$170 million equity raise with Zijin Mining Group making a strategic investment and the Lundin family increasing their stake in Montage Gold, which well positions us to advance the development of our Koné project in Côte d’Ivoire. ✅ Zijin Mining making C$57m strategic investment following their in-depth due diligence and site visit, validating the potential of our Koné project ✅ Lundin Family Trusts is investing C$43.0 million and increasing their stake from 17.7% to 19.9% ✅ C$50m to be placed with existing and new long-term shareholders ✅ C$20m earmarked for the Company’s president’s list, including insiders Read the press release here: https://bit.ly/3xMvDHu

A significant milestone has been reached today for the development of Montage Gold’s flagship Koné project with the award of its mining permit. ✅ Marks final approval required to launch construction  ✅ Agreement on land compensation demonstrates the support received from local stakeholders ✅ Permitted area includes several advanced high grade exploration targets, located near the haulage road, which are being prioritized given their potential to be slotted into the mine plan from the commencement of the operation View the press release here: https://bit.ly/3LlSUmF

We are pleased to announce that we are making rapid progress to unlock value through exploration at our Koné project with the goal of delineating higher-grade satellite deposits that can further improve the production profile from the commencement of the operation. ✅ 2,259km2 land package represents one of the largest gold projects by land area in West Africa ✅ 35 targets identified with 15 targets currently being drill tested ✅ 30km of drilling underway with high grade intercepts already returned at several targets: ·      Diouma: 14m at 8.04g/t Au and 17m at 2.74g/t Au, 22m at 1.52g/t Au ·      Lokolo: 12m at 6.60g/t Au ·      Sissédougou: 19m at 3.08g/t Au ·      Yeré: 14m at 1.62g/t Au ✅ A second 60km drilling programme to be launched with the goal of delineating resources View the press release here: https://lnkd.in/eayzTtN4

Following our recent AGM, today we announced the milestones linked to our 2024 executive incentive plan. These milestones focus on achieving two key objectives: launching construction of our flagship Koné project by Q1-2025 and further enhancing the project's economics through exploration success, as summarized below:    - 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: Completion of detailed engineering and all other necessary works to allow for a construction launch in Q1-2025 - 𝗣𝗲𝗿𝗺𝗶𝘁𝘁𝗶𝗻𝗴: Obtaining environmental and mining permits - 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴: Securing funding for the launch of the Koné project - 𝗘𝘅𝗽𝗹𝗼𝗿𝗮𝘁𝗶𝗼𝗻: Advancing exploration on higher grade satellite deposits with the goal of delineating resources by year-end. #accountability #goldmining #valuecreation

Given the significant interest for Montage Gold, yesterday our CEO Martino De Ciccio, CFA had the opportunity to do a live-to-air interview on BNN Bloomberg with #Commodities anchor Andrew Bell. It was a great occasion to showcase the progress being made to advance our Koné gold project in Côte d’Ivoire towards a construction launch and reiterate our ambition of creating a premier African gold producer. Watch the full interview here: https://bit.ly/4bXnIpw #gold #mining #investments 

Montage Gold is pleased to achieve a significant milestone with the receipt of the Environmental Permit for the development of our Koné project.   Key permitting highlights include: ✅ The environmental permit approval required validation from nine Ministerial departments, the Prefets and sous-Prefets, and nearby village representatives ✅ It included approval for in-pit tailings disposal, making Koné the first mine to receive this approval in Côte d’Ivoire ✅ The mining permit application for the Koné project has been submitted and all approvals are expected in H2-2024 ✅ President Alassane Ouattara of the Republic of Côte d’Ivoire expressed his strong support for the development of the Koné project in a press conference held on May 2, 2024   Read more about it here: https://bit.ly/3UPJANp