Business
Montage Gold Reports on Q4-2025 Activities; Koné Project Construction On-Budget and Ahead of Schedule
Koné project construction on-budget and ahead of schedule • Strong continued exploration focus • Robust liquidity sources CONSTRUCTION ACTIVITIES Rapid progress
About this update from Montage Gold Corp.
[{"type":"text","content":" Koné project construction on-budget and ahead of schedule • Strong continued exploration focus • Robust liquidity sources CONSTRUCTION ACTIVITIES Rapid progress achieved with +9.0 million hours worked to date, with more than 3,000 employees and contractors on-site Well on track for first gold pour in late Q4-2026 through the oxide circuit and on budget with $572.8 million of capital committed as at today, representing approximately 65% of the total upfront capital expenditure Key process plant achievements include completion of all CIL tanks and ball mill shell installation, oxide sizer completion, foundation concrete pours for pre-leach and tailings thickeners, and advancement of the hard-rock comminution circuit Other key infrastructure is well advanced including the full operation of the river abstraction and water storage facilities, TSF lining tracking ahead of schedule, relocation completed, and plant buildings already fully operational EXPLORATION ACTIVITIES 114,699 meters drilled at the Koné project in 2025 focused on delineating higher grade satellite resources, whilst an initial 90,000-meter drill programme for 2026 is well underway Resource updates are expected to be published in the coming weeks for the Koné and Gbongogo Main deposits, as well as for other deposits along with maiden resource estimates for new discoveries 9,000 meter drilling programme is underway at the Wendé advanced greenfield property focusing on initial step out and downdip drilling of areas that have been historically drilled, as well as testing new prospective targets FINANCIAL POSITION Robust liquidity and Koné project funding sources totalling $559.4 million compared to remaining capital disbursements of $518.0 million VANCOUVER, British Columbia, March 25, 2026 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSX: MAU, OTCQX: MAUTF) is pleased to report on its construction and exploration activities for Q4-2025, with highlights provided in Table 1 below. Table 1: Business and financial highlights THREE MONTHS ENDED YEAR ENDED All amounts in millions of USD unless otherwise specified Dec 31,2025 Sep 30,2025 Dec 31,2024 Dec 31,2025 Dec 31,2024 Δ Q4-2025vs. Q3-2025 CONSTRUCTION ACTIVITIES Cumulative hours worked, million hrs 7.0 4.8 0.3 7.0 0...