Montage Gold expands West Africa footprint as Koné first pour approaches

Montage Gold is advancing its Koné project in Côte d’Ivoire toward first-gold in Q4 while expanding exploration across West Africa, including new permits in Mauritania and consolidation of the Didievi asset. The Koné feasibility shows robust economics (NPV US$1.1bn at 5% discount, 31% IRR) with potential initial output of ~349k oz/year and all-in sustaining costs under US$1,000/oz; throughput could rise toward 400k oz/year after nameplate capacity. The company is drilling 90,000 metres at satellite targets to add higher‑grade ounces to the mine plan. Risks include regional political tensions in the Sahel and near-term share weakness (down ~1% to C$15.82), but the project’s strong metrics and backing from Lundin and Zijin support a constructive outlook for Montage and positive implications for gold supply from a major West African developer.