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Montage Gold Corp. ( (TSE:MAU) ) has provided an update.
Montage Gold Corp. has announced significant progress in its mid-year exploration update for the Koné project in Côte d’Ivoire. The company is on track to achieve its goal of discovering over 1 million ounces of Measured and Indicated Resources with a 50% higher grade than the existing Koné deposit. The 2025 exploration program has been expanded due to successful drilling results, with a budget increase to $18 million. The company has confirmed mineralization at all 23 targets tested this year, with ongoing drilling expected to further increase resources at key deposits. This progress positions Montage Gold favorably for future production, set to commence in Q2 2027, and strengthens its industry standing.
The most recent analyst rating on (TSE:MAU) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Montage Gold Corp. stock, see the TSE:MAU Stock Forecast page.
Spark’s Take on TSE:MAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:MAU is a Neutral.
The overall stock score of 48 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 mining company focused on gold exploration and development. The company operates primarily in Côte d’Ivoire, where it is advancing its Koné project, aiming to enhance its production profile by discovering higher-grade gold resources.
Average Trading Volume: 293,941
Technical Sentiment Signal: Buy
Current Market Cap: C$1.59B
For a thorough assessment of MAU stock, go to TipRanks’ Stock Analysis page.