Montage Gold Advances Koné Project with High-Grade Satellite Discoveries

The latest update is out from Montage Gold Corp. ( (TSE:MAU) ).

Montage Gold Corp. has made significant progress in its Koné project in Côte d’Ivoire, with the delineation of higher-grade satellite deposits. In 2024, the company drilled over 81,000 meters, identifying new resources that are 50% higher in grade than the existing Koné deposit. This development has increased the project’s overall Indicated and Inferred Resources, positioning Montage Gold for improved production starting in 2027. The company plans to continue its exploration efforts with a 90,000-meter drill program in 2025, aiming to further enhance its resource base and production capabilities.

Spark’s Take on TSE:MAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:MAU is a Neutral.

Montage Gold Corp.’s overall stock score of 45 reflects significant financial challenges, with ongoing operational losses and negative cash flow, despite a strong equity position. Technical indicators offer mixed signals, showing slight upward momentum but potential volatility. The valuation remains poor due to negative earnings and lack of dividend, indicating limited investor appeal.

To see Spark’s full report on TSE:MAU stock, click here.

More about Montage Gold Corp.

Montage Gold Corp. is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in advancing its Koné project in Côte d’Ivoire, which includes exploring and developing satellite deposits to enhance its production profile.

YTD Price Performance: 37.27%

Average Trading Volume: 264,051

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$1.06B

See more insights into MAU stock on TipRanks’ Stock Analysis page.