Exploration and Financing Update from Montage Gold
Montage Gold is progressing the Koné Gold project in the Ivory Coast and has recently secured a $180 million financing. The company has obtained the necessary environmental and mining permits and expects to begin construction in Q1 of next year. They have also conducted a successful exploration program, with results showing high-grade intercepts at several deposits. The exploration results will be integrated into the mine plan, potentially improving the production profile. The company's equity price has outperformed its peers, and they anticipate further re-rating once the construction financing package is announced.