Montage Gold Corp.

Montage Gold Corp.

14.95
CAD
-1.80
(-10.75%)
-0.19EPS
6.51BMarket Cap
Nov 14Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.04
-0.1
-0.18
-0.06
-0.1
-0.18
-0.14
-0.13
Free Cash Flow per Basic Share
-0.03
-0.09
-0.17
-0.05
-0.08
-0.25
-1.1
-1.32
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.16
0.33
0.17
0.23
0.18
0.41
0.32
1.04
Tangible Book Value per Share
0.16
0.33
0.17
0.23
0.18
0.41
0.32
1.04
Basic Weighted Avg Shares
101
79
105
112
178
269
357
370
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
1
1
Net Income, GAAP
-4
-8
-18
-7
-18
-49
-50
-49
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
7
25
8
5
4
88
175
131
LT Debt
- -
- -
- -
- -
- -
- -
- -
62
Total Equity
16
35
17
37
33
143
117
455
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-31.9
-70.24
-26.6
-52.47
-55.49
-38.15
-18.43

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
2
LT Borrowings
- -
- -
62
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
364
364
403
Market Capitalization
2,623
4,142
4,584

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
210
89
161
Cash, Cash Equivalents & STI
192
79
159
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
35
34
30
Payables & Accruals
35
33
26
ST Debt
- -
- -
2
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
72.02%
-18.51%
Free Cash Flow
- -
216.92%
490.68%
Net Income, GAAP
- -
77.59%
1.24%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
-0.03
-0.04
-0.07
-0.18
2025
-0.07
-0.04
-0.01
-0.02
-0.14
2026
-0.02
-0.08
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Martino de Ciccio
Full Time Employees
2,231
Sector
Non-energy minerals
Industry
Precious metals
Address
Four Bentall Centre Vancouver BC Canada V7X 1L2
IPO Date
Oct 23, 2020
Business
Montage Gold Corp. is a Canadian-based gold exploration and development company focused on advancing high-quality gold projects in West Africa, primarily in Côte d’Ivoire. The company’s core products and services include gold exploration, mineral resource development, and mining project construction, with its flagship asset being the Koné Gold Project, which holds significant reserves and is anticipated to produce over 300,000 ounces of gold annually for the initial 10 years of operation at an industry-low all-in sustaining cost (AISC). Montage holds a 90% ownership interest in the Koné project, which encompasses multiple exploration permits and deposits including Koné, Gbongogo, and recent acquisitions expanding its portfolio. The company also owns the Mankono Sissédougou Joint Venture Project, acquired from Barrick Gold Corporation and Endeavour Mining, adding strategic mineral assets to its portfolio. Recent major changes include the commencement of construction at the Koné Gold Project with an expected first gold pour in the second quarter of 2027, according to an updated feasibility study published in 2024. The company has achieved several key milestones such as securing a $600 million gold streaming finance arrangement with Wheaton Precious Metals and closing a strategic investment in Australian-listed Aurum Resources, acquiring a 9.9% stake and establishing a partnership to advance deposits along the Boundiali Belt in Côte d’Ivoire. In 2025, Montage expanded its executive leadership team with experienced mining executives to support project development and has delineated several new satellite deposits to enhance the project’s resource base. The company is also operator of the high-grade Didievi project through a strategic partnership with African Gold Corp. Montage Gold operates primarily in the mining and mineral exploration industry with a business model focused on developing multi-asset gold production capacity in Africa. Its target markets include institutional investors and mining partners, with an emphasis on sustainable and economically efficient gold production. Founded in 2019, Montage Gold Corp. is headquartered in Vancouver, Canada, leveraging management expertise from seasoned industry leaders who have prior success with Endeavour Mining, Lundin Gold, and Red Back Mining. Its strategic growth through acquisitions, partnerships, and financing aligns with its objective to become a premier African gold producer. Overall, the company’s operations concentrate on gold mineral exploration, resource delineation, mine development, and production primarily within Côte d’Ivoire, offering investment exposure to some of the largest emerging gold mining assets globally while maintaining strong financial backing and strategic industry alliances.

Company News

  • Montage Gold Corp. (TSE:MAU) Stock Has Average Target Price of C$17.77 According to Analysts

  • Montage Gold achieves first gold pour at its Koné mine on budget and ahead of schedule

  • Montage Gold achieves first gold pour at its Koné mine on budget and ahead of schedule

  • Montage Gold: First Pour Coming Up, Overall Resource Increasing

  • Montage Gold confirms the prospectivity of its Wendé advanced greenfield exploration property in Côte d'Ivoire

  • Montage Gold provides exploration update at its Didievi project in Côte d'Ivoire which is poised to be its next development asset

  • Montage Gold: The Market Is Underpricing The Conversion From Developer To Producer

  • Montage Gold announces the voting results of its annual meeting and new appointments to the board of directors

  • Montage Gold reports on its Q1-2026 activities

  • Montage Gold completes the acquisition of African Gold

  • Montage Gold secures over 2,000km2 of prospective gold exploration tenements in Mauritania

  • Montage Gold announces that African Gold securityholders have voted in favour of the proposed transaction

  • Montage Gold announces grade control results and resource increase for its Koné and Gbongogo Main deposits at its Koné Project

  • Montage Gold reports on its Q4-2025 activities

  • Montage Gold continues to rapidly advance its Koné Project with first gold pour expected in late Q4-2026

  • Montage Gold (OTCMKTS:MAUTF) Trading Down 0.2% – Here’s What Happened

  • Montage Gold expands its exploration portfolio in Côte d’Ivoire along its Koné Project and is granted a new greenfield property

  • Montage Gold announces that its Petit Yao target has the potential to become a higher-grade satellite of scale

  • Montage Gold Reports on its Q3-2025 Activities

  • Montage Gold Provides Exploration Update on the Sissédougou Trend at Its Koné Project in Côte d'Ivoire