Gold$2,045.30+0.52%
Silver$23.84-0.18%
Copper$3.85+1.23%
Platinum$912.40-0.33%
Iron Ore$118.50+2.14%
Nickel$16,892-0.89%
Montage Gold Corp. logo

Montage Gold Corp.

MAU.TOSmall CapGold

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About Montage Gold Corp.

Montage Gold Corp. (MAU.TO) is a gold mining company listed on the Toronto Stock Exchange (TSX). Our project database tracks 8 projects for Montage Gold Corp. with technical and economic data extracted from company filings. Its flagship Koné Gold Project (Feasibility) carries an after-tax NPV of $1.09B and an IRR of 31% over a 16-year mine life.

Montage Gold is developing the Kone gold project in Cote d'Ivoire, an advanced-stage asset with significant mineral resources in a growing West African mining jurisdiction. The project benefits from existing infrastructure and government support, positioning Montage for near-term development.

Primary Commodities

Gold

Project Economics

Gbongogo Main deposit

Gold· Côte d'Ivoire· Resource Estimate
Resource Estimate
Jun 2026
Mine TypeOpen-pit
Mineral Reserves
Probable: 10.7 Mt @ 1.43 g/t Au for 0.49 Moz Au
Mineral Resources
Indicated: 783 koz Au @ 1.51 g/t Au; Inferred: 41 koz Au @ 1.08 g/t Au

ANV deposit (Sissédougou Trend)

Gold· Côte d'Ivoire· Exploration
Resource Estimate
Recovery90%
Mineral Resources
Indicated: 168 koz Au @ 1.83 g/t Au; Inferred: 79 koz Au @ 1.99 g/t Au

Didievi Project

Gold· Côte d'Ivoire· Resource Stage
Resource Estimate
Contained Metal989 koz Au
Mineral Resources
Inferred Resource of 989koz at 2.5 g/t Au

Soman deposit

Gold· Côte d'Ivoire· Exploration
Resource Estimate
Mineral Resources
Maiden M&I Resource of 58 koz @ 1.42 g/t Au; Inferred Resource of 57 koz @ 1.16 g/t Au

Didievi Project (Blaffo Guetto Deposit)

Gold· Côte d'Ivoire· Exploration
Resource Estimate
Jun 2025
Contained Metal989 koz Au
Mineral Resources
Inferred Resource of 989koz at 2.5 g/t Au (12.4 Mt) at 0.8 g/t Au cut-off. COG sensitivity: 0.3 g/t Au — 20.4 Mt @ 1.7 g/t Au for 1,127 koz; 0.5 g/t Au — 16.9 Mt @ 2.0 g/t Au for 1,081 koz; 0.8 g/t Au — 12.4 Mt @ 2.5 g/t Au for 989 koz; 1.1 g/t Au — 9.3 Mt @ 3.0 g/t Au for 897 koz; 1.5 g/t Au — 6.9 Mt @ 3.6 g/t Au for 796 koz

Koné Gold Project (Didievi, Blaffo Guetto)

Gold· Côte d'Ivoire· Resource Stage
Resource Estimate
Jun 2025

Koné Gold Project

Gold· Côte d'Ivoire (northwest, 470 km NW of Abidjan; straddles Departments of Kani, Dianra and Boundiali in Worodougou and Savanes regions)· Development
Feasibility
Feb 2024
NPV (After-Tax) @ 5%$1.09B
NPV (Pre-Tax)$1.44B
IRR (After-Tax)31%
Initial Capex$712M
Payback2.6 yrs
AISC998 USD/oz
Mine Life16 yrs
Annual Production223 koz Au
Head Grade0.72 g/t Au
Recovery89%
Mine TypeOpen-pit
Strip Ratio1.18:1
Ownership100%
Contained Metal4.9 Moz Au
Mineral Reserves
Not explicitly stated in provided text (reserves table mentioned but not shown in excerpts)
Mineral Resources
Indicated: 240 Mt at 0.63 g/t Au for 4.87 Moz; Inferred: 25 Mt at 0.5 g/t Au for 0.40 Moz (Koné 0.20 g/t cut-off, Gbongogo 0.50 g/t cut-off; effective date 19 Dec 2023)
Royalties / Streams
Government royalty 4.0%; Triple Flag royalty 2.0% on Koné pits; Barrick/Endeavour royalty 2.0% on Gbongogo pit; Community royalty 0.5%

Koné Gold Project (KGP)

Gold· Côte d'Ivoire (northwest, 470 km northwest of Abidjan, Worodougou region)· Development
Feasibility
Feb 2022
NPV (After-Tax) @ 5%$746M
IRR (After-Tax)34.8%
Initial Capex$544M
AISC933 USD/oz
Annual Production207 koz Au
Head Grade0.66 g/t Au
Recovery89.3%

Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.

How the Economics Evolved

Koné Gold Project

5 studies on record
Feasibility
Jan 2024
$4.83B
IRR 93.9% · Capex $885M
Feasibility
Jan 2024
$4.83B
IRR 93.9% · Capex $885M
Feasibility
Jan 2024
$4.83B
IRR 93.9% · Capex $885M
Feasibility
Jan 2024
$3.92B(-19%)
IRR 77.5% · Capex $885M
Feasibility
Jan 2024
$4.83B(+23%)
IRR 93.9% · Capex $885M

Didievi Project (Blaffo Guetto deposit)

3 studies on record
Resource Estimate
Jun 2025
Resource Estimate
Jun 2025
Resource Estimate
Jun 2025

Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.

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Frequently Asked Questions

What does Montage Gold Corp. mine?
Montage Gold Corp. is focused on Gold.
What is the economic value of Montage Gold Corp.'s Koné Gold Project?
According to its Feasibility, Koné Gold Project has an after-tax NPV of $1.09B and an IRR of 31%.
What exchange is Montage Gold Corp. listed on?
Montage Gold Corp. trades under the ticker MAU.TO on the Toronto Stock Exchange (TSX).
How many projects does Montage Gold Corp. have?
We track 8 projects with extracted technical and economic data for Montage Gold Corp.

Quick Facts

Ticker Symbol
MAU.TO
Market Cap
Small Cap
Category
Gold
Commodities
Gold

This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

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