Business
Montage Gold Continues to Rapidly Advance Its Koné Project On-Budget and Well On-Schedule
Oxide circuit creates potential for earlier start-up • Owner mining with equipment finance • Further higher grade discoveries HIGHLIGHTS: Well on-schedule for f
About this update from Montage Gold Corp.
[{"type":"text","content":" Oxide circuit creates potential for earlier start-up • Owner mining with equipment finance • Further higher grade discoveries HIGHLIGHTS: Well on-schedule for first gold pour in Q2-2027 and on-budget with more than $418m of capital committed, representing approximately half of the total upfront capital expenditure, with prices in-line with expectations Rapid construction progress achieved with notably six CIL tanks already erected, mill foundations completed, water supply infrastructure completed, and resettlement approaching completion Oxide circuit construction underway to provide increased operational flexibility and potential to advance first gold pour Shift to owner-mining operating model expected to provide greater operational flexibility while enhancing efficiencies Well on track to achieve the previously published short-term objective of discovering more than 1Moz of M&I resources at a 50% higher grade compared to the Koné deposit, with further resource updates expected in Q4-2025 ABIDJAN, Côte d'Ivoire, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSX: MAU, OTCQX: MAUTF) is pleased to announce that rapid construction progress continues to be made at the Company’s flagship Koné project in Côte d’Ivoire, which remains on-budget and well on-schedule for first gold pour in Q2-2027. A total of 4.5 million construction hours have been worked since the commencement of the project with key milestones achieved including the erection of six CIL tanks, completion of mill foundations and water supply infrastructure, while the resettlement is nearly complete. These milestones were achieved approximately two months ahead of schedule, with the next key milestone being the delivery of the ball mill on-site in Q1-2026. A total of approximately $418.3 million of capital has been committed to date, representing approximately half of the total upfront capital expenditure, with prices in line with expectations. In addition, several initiatives are currently underway to further unlock value at the Koné project, aimed at enhancing the production profile from the onset, whilst providing strategic and operational flexibility over the life-of-mine, as detailed below: Integration of higher-grade material from the onset of production: Recent discovery of higher-grade satellites position...