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Montage Gold Corp.
(TSX:MAU)
Montage Gold Corp. (MAU) vs. iShares MSCI Canada ETF (EWC)
Montage Gold Corp. Business Overview & Revenue Model
Montage Gold Corp. Financial Statement Overview
| Breakdown | TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -107.95K | -231.38K | -190.98K | -181.01K | -138.06K | -48.39K |
| EBITDA | -68.49M | -24.19M | -8.62M | -23.33M | -9.95M | -5.08M |
| Net Income | -67.66M | -24.42M | -9.89M | -23.46M | -10.26M | -4.93M |
Balance Sheet | ||||||
| Total Assets | 368.40M | 45.69M | 51.97M | 23.41M | 46.69M | 21.93M |
| Cash, Cash Equivalents and Short-Term Investments | 165.49M | 6.72M | 8.69M | 10.71M | 32.99M | 9.59M |
| Total Debt | 553.00K | 139.55K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 162.97M | 1.34M | 2.17M | 1.10M | 2.12M | 863.40K |
| Stockholders Equity | 205.28M | 44.34M | 49.80M | 22.31M | 44.58M | 21.04M |
Cash Flow | ||||||
| Free Cash Flow | -92.09M | -17.79M | -8.18M | -22.79M | -9.39M | -3.93M |
| Operating Cash Flow | -45.77M | -17.41M | -7.93M | -22.62M | -9.37M | -3.77M |
| Investing Cash Flow | -116.53M | 184.50K | -15.08M | -169.95K | -22.15K | 3.59M |
| Financing Cash Flow | 321.49M | 15.86M | 21.26M | 45.00K | 32.61M | 9.67M |
Montage Gold Corp. Technical Analysis
Montage Gold Corp. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
48 Neutral | C$1.54B | ― | -78.53% | ― | ― | -66.54% | |
43 Neutral | AU$1.38B | -6.10 | -40.62% | 4.17% | -4.78% | -43.21% | |
| $1.65B | ― | -123.35% | ― | ― | ― | ||
| $1.42B | ― | -1.46% | ― | ― | ― | ||
45 Neutral | C$1.10B | ― | -4.03% | ― | ― | ― | |
| C$1.39B | ― | -57.02% | ― | ― | ― | ||
| $894.30M | ― | -78.39% | ― | ― | ― |
Montage Gold Corp. Corporate Events
Montage Gold Corp. has announced its graduation to the Toronto Stock Exchange (TSX), marking a significant milestone in its strategy to become a leading African gold producer. This move is expected to enhance the company’s visibility, broaden its investor base, and increase liquidity, reflecting the rapid progress of its Koné gold project in Côte d’Ivoire, which remains on track for production in 2027.
Spark’s Take on TSE:MAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:MAU is a Neutral.
Montage Gold Corp.’s overall stock score of 45 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.
Montage Gold Corp. has received conditional approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange, a move expected to enhance its visibility and investor base. This transition reflects the company’s progress in derisking its business and advancing its Koné Gold Project in Côte d’Ivoire, with the first gold pour anticipated in 2027.
Spark’s Take on TSE:MAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:MAU is a Neutral.
Montage Gold Corp.’s overall stock score of 45 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.
Montage Gold Corp. has exercised its participation rights to maintain a 19.5% equity interest in Sanu Gold Corporation following Sanu’s private placement. This strategic move allows Montage to potentially increase its stake to 19.9% in future financings. The funds from the placement will support Sanu’s exploration activities in Guinea, West Africa, enhancing its drilling programs and potentially acquiring new exploration permits, which could bolster Montage’s positioning in the gold exploration sector.
Spark’s Take on TSE:MAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:MAU is a Neutral.
Montage Gold Corp.’s overall stock score of 45 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.
Montage Gold Corp. has made significant progress in its Koné project in Côte d’Ivoire, with the delineation of higher-grade satellite deposits. In 2024, the company drilled over 81,000 meters, identifying new resources that are 50% higher in grade than the existing Koné deposit. This development has increased the project’s overall Indicated and Inferred Resources, positioning Montage Gold for improved production starting in 2027. The company plans to continue its exploration efforts with a 90,000-meter drill program in 2025, aiming to further enhance its resource base and production capabilities.
Spark’s Take on TSE:MAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:MAU is a Neutral.
Montage Gold Corp.’s overall stock score of 45 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.
Montage Gold Corp. has successfully closed the first tranche of its strategic investment in African Gold Limited, involving a share exchange transaction. This partnership grants Montage certain investor and project-related rights, enhancing its position in the African gold industry. The second tranche of the transaction is expected to close in the second quarter of 2025, pending shareholder approval from African Gold.
Spark’s Take on TSE:MAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:MAU is a Neutral.
Montage Gold Corp.’s overall stock score of 45 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.
Montage Gold Corp. has entered a strategic partnership with African Gold Limited to advance the Didievi project in Côte d’Ivoire. This partnership allows Montage to acquire up to a 19.9% stake in African Gold and become the operator of the Didievi project, leveraging its expertise in the region. The collaboration is expected to enhance exploration efforts and unlock significant value from African Gold’s portfolio, particularly the high-grade Didievi project, which is undergoing a 10,000-meter drill program. This move aligns with Montage’s strategy to expand its presence and exploration activities in Côte d’Ivoire, potentially benefiting stakeholders through increased resource development and exploration success.
Montage Gold Corp. has achieved a significant milestone in the construction of its Koné project in Côte d’Ivoire, with the commencement of concrete works for the process plant. The project is progressing rapidly, with an increase in workforce and substantial advancements in earthworks, engineering, and procurement. The company remains on track to pour its first gold by Q2-2027, with 25% of the $835 million capital expenditure already committed. This progress underscores Montage’s strategic goal of becoming a premier African gold producer, while also highlighting its commitment to safety and local workforce development.
Montage Gold Corp. announced significant achievements in 2024, surpassing its executive incentive plan milestones, including the early launch of construction at the Koné project. The company secured over $950 million in financing and achieved exploration success, positioning itself as a top-performing stock on the TSX Venture Exchange and OTCQX. The 2025 targets focus on advancing the Koné project construction and enhancing project economics, aiming for the first gold pour by Q2-2027.