
Montage Gold Corp
Montage Gold | Discover to Build.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
* | CAD180m | Private Placement non VC | |
Total Funding | 000k |
CAD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | - | - | - | - | - | - | 76 % |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | - | - | - | - | - | - | 48 % |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
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Montage Gold Corp. is a Canadian-based exploration and development company focused on advancing its portfolio of mineral properties in Africa, with its primary asset being the Koné Gold Project in Côte d'Ivoire. The company was incorporated on July 4, 2019, as a wholly-owned subsidiary of Orca Gold Inc. and completed its initial public offering on October 23, 2020. The management team possesses extensive experience in discovering, developing, and operating gold mines across Africa, with notable track records at companies like Endeavour Mining, Lundin Gold, and Red Back Mining. Martino De Ciccio was appointed CEO in February 2024, having previously played a key role in Endeavour Mining's significant growth and serving at La Mancha Resources. His stated goal is to build a premier multi-asset African gold producer, replicating the success seen at Endeavour.
The company's core business revolves around the exploration and development of gold deposits. As a pre-revenue company, it does not generate income from sales and is currently in the development phase, funding its operations through equity financing and strategic investments. Key strategic investors include the Lundin Family Trust and Zijin Mining Group. Montage's primary focus is the Koné Gold Project, located approximately 600 kilometers northwest of Abidjan in Côte d'Ivoire. The company holds a 90% interest in the project, with the Government of Côte d'Ivoire holding a 10% free-carried interest. The project is composed of several exploration permits covering a total contiguous area of 2,259 square kilometers.
The Koné project is being developed as a large-scale, low-cost open-pit mine. Construction on the project was launched in December 2024, with the first gold pour anticipated in the second quarter of 2027. According to a 2024 feasibility study, the mine has a projected life of 16 years, with an expected annual production of over 300,000 ounces of gold for the first eight years. The mining strategy involves conventional open-pit methods, prioritizing higher-grade ore in the initial years to optimize early returns while stockpiling lower-grade material for later processing. Montage is actively engaged in aggressive drilling campaigns to expand its resource base, focusing on identifying higher-grade satellite deposits to supplement the main Koné deposit. This strategy aims to enhance production and extend the mine's operational life beyond its current projections.
Keywords: gold exploration, West Africa mining, Côte d'Ivoire gold, Koné Gold Project, mineral development, open-pit mining, gold producer, precious metals exploration, African mining, resource expansion, mine development, Martino De Ciccio, Lundin Group, Zijin Mining, Endeavour Mining, Red Back Mining, feasibility study, gold deposits, satellite deposits, mine construction