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Montage Gold Corp. ( (TSE:MAU) ) just unveiled an update.
Montage Gold Corp. reported rapid, on-budget construction progress at its Koné gold project in Côte d’Ivoire, with over 7.2 million work hours completed, major process plant infrastructure such as all 14 CIL tanks and the oxide sizer in place, and the ball mill shell delivered to site. With approximately $545 million, or about 63% of upfront capital, already committed and key workstreams like water storage, resettlement infrastructure, tailings lining and grid connection well advanced, the company now targets first gold pour from the oxide circuit in late Q4 2026 and completion of the hard-rock comminution circuit by Q2 2027, while simultaneously advancing an aggressive exploration program at Koné and the newly acquired Wendé and Didievi properties to expand resources and build a pipeline of higher-grade satellite deposits that could enhance future production and project economics.
The most recent analyst rating on (TSE:MAU) stock is a Hold with a C$10.00 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 score is held back primarily by pre-revenue losses and accelerating cash burn, despite a strong, low-leverage balance sheet. Offsetting factors include a strong technical uptrend and positive project/exploration and portfolio-expansion events, while valuation is not supportive given negative earnings and no dividend yield.
To see Spark’s full report on TSE:MAU stock, click here.
More about Montage Gold Corp.
Montage Gold Corp. is a Canadian-listed gold developer focused on building a multi-asset African gold producing platform, with its flagship Koné gold project located in Côte d’Ivoire. The company’s core activities span mine construction, resource development and exploration across key West African gold districts, targeting both brownfield satellite deposits around Koné and new greenfield opportunities such as the Wendé property.
Average Trading Volume: 591,575
Technical Sentiment Signal: Buy
Current Market Cap: C$3.64B
For detailed information about MAU stock, go to TipRanks’ Stock Analysis page.