Montage Gold Corp. (TSE:MAU) has released an update.
Montage Gold Corp. has launched a revenue protection program to secure a minimum gold price and ensure financial stability as it begins production at its Koné project. The program involves purchasing put options to maintain a minimum price of US$2,500 per ounce on 400,000 ounces of gold, allowing Montage to safeguard its margins and meet strategic goals. This initiative aims to provide the company with financial flexibility and the potential to accelerate debt reduction.
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