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The latest announcement is out from Montage Gold Corp. ( (TSE:MAU) ).
Montage Gold has reported a significant upgrade to the mineral resources at its Koné project in Côte d’Ivoire, driven by 174,000 meters of drilling in 2025 across the main Koné and Gbongogo Main deposits and satellite targets. Measured and Indicated resources for the overall project have risen to 5.88 million ounces of gold at a higher average grade, while inferred resources have increased to 1.56 million ounces, underscoring improved confidence and scale ahead of first gold production planned for late 2026.
The company has sharply improved grade and tonnage at both Koné and Gbongogo Main, better defining higher-grade zones and extending mineralized envelopes, and it now counts 1.25 million ounces of Indicated resources in higher-grade satellite deposits. With an additional 90,000-meter drill program underway in 2026 and updated and maiden resource estimates for several satellite and newly discovered deposits expected over the next year, Montage is strengthening the Koné project’s production profile and its competitive positioning among emerging West African gold producers.
The most recent analyst rating on (TSE:MAU) stock is a Buy with a C$16.00 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 MAU Stock
According to Spark, TipRanks’ AI Analyst, MAU is a Neutral.
The score is primarily constrained by weak financial performance: no revenue, persistent and widening losses, and a sharp deterioration in free cash flow that increases financing and execution risk. Technical indicators add modest pressure due to weak near-term momentum, while valuation is limited by negative earnings and no dividend support.
To see Spark’s full report on MAU stock, click here.
More about Montage Gold Corp.
Montage Gold Corp. is a Canada-listed gold exploration and development company focused on advancing its flagship Koné gold project in Côte d’Ivoire. The project centers on the large-scale Koné and higher-grade Gbongogo Main deposits, complemented by multiple satellite deposits that aim to expand overall resources and support a long-life West African gold operation.
Average Trading Volume: 1,422,116
Technical Sentiment Signal: Buy
Current Market Cap: C$5.25B
For detailed information about MAU stock, go to TipRanks’ Stock Analysis page.