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Symbol Data
Symbol
Currency
TSE:MAU
CAD
OTCMKTS:MAUTF
USD
Description
Montage Gold Corp are a gold focused junior, late stage developer with one mine in development in Cote d'Ivoire and two exploration properties. They have approximately 6Moz. of gold in the reserves and resources category of which 5Moz. are in the measured and indicated category. They have a market capitalisation of ~$2486.93M which is a rise of roughly 36% over the last one months. As of 11/07/2025 they have ~$200M debt and ~$141M cash. They have 361M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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General Details
Financial
11/07/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
MCap (FD):
$1,834.14M
$2,486.93M
11/07/2025
MCap (OS):
$1,715.34M
$2,325.86M
11/07/2025
Total Assets:
$250.00M
$250.00M
11/07/2025
Total Liabilities:
$900.00M
$900.00M
11/07/2025
Current Assets:
$250.00M
$250.00M
11/07/2025
Current Liabilities:
$0.20M
$0.20M
11/07/2025
Total Debt:
$200.00M
$200.00M
11/07/2025
Cash:
$141.00M
$141.00M
11/07/2025
Debt (Net):
$59.00M
$59.00M
Enterprise Value:
$1,893.14M
$2,545.93M
09/04/2050
Cash Flow:
$0.00M
$0.00M
never
Cash Flow Multiple:
0.00
0.00
never
Net Debt to Cash Flow Ratio:
n/a
n/a
never
Finance within 1 year:
11/07/2025
Misc
11/07/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
Shares Outstanding:
361,000,000
361,000,000
11/07/2025
Shares (FD):
386,000,000
386,000,000
11/07/2025
Insider Ownership:
35%
35%
11/07/2025
Dividend (Annual):
n/a
n/a
11/07/2025
Company Type:
Mostly Gold
Mostly Gold
never
Group:
Developer
Developer
never
Production ETA:
n/a
06/01/2027
11/07/2025
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
11/07/2025
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
11/07/2025
Development Phase:
Under Construction
Under Construction
11/07/2025
Optionality Play:
none
No
F U T U R E
% of Spot:
15Developer: Strong Path to Production
15Developer: Strong Path to Production
11/07/2025
Cash Flow Multiple:
13
13
11/07/2025
Resource Data
GOLD
11/07/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
4.00M
4.00M
11/07/2025
Measured & Indicated:
5.00M
5.00M
11/07/2025
Inferred:
1.00M
1.00M
11/07/2025
Reserves & Resources:
6.00M
6.00M
never
P L A U S I B L E
Proven & Probable:
3.60M
3.60M
11/07/2025
Measured & Indicated:
4.32M
4.32M
11/07/2025
Inferred:
0.45M
0.45M
11/07/2025
Reserves & Resources:
4.77M
4.77M
never
C U R R E N T
Annual Production:
n/a
n/a
Cash Cost:
n/a
n/a
11/07/2025
Extra Operating Cost:
n/a
n/a
11/07/2025
Total:
$1,850
$1,850
11/07/2025
Margin (Free Cash Flow):
n/a
MCap / Production (AuEq):
n/a
n/a
EV / Production (AuEq):
n/a
n/a
G R A D E
Underground (Avg):
n/a
n/a
11/07/2025
Open Pit (Avg):
n/a
0.70 g/t
11/07/2025
Recovery Rate:
(CG) 90.00%
(CG) 90.00%
11/07/2025
F U T U R E
Proven & Probable:
6.00M
6.00M
11/07/2025
Annual Production:
350,000oz.
350,000oz.
11/07/2025
Cash Cost:
$1,100
$1,100
11/07/2025
Extra Operating Cost:
$750
$750
11/07/2025
SILVER
11/07/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
11/07/2025
Measured & Indicated:
n/a
n/a
11/07/2025
Inferred:
n/a
n/a
11/07/2025
Reserves & Resources:
n/a
n/a
never
P L A U S I B L E
Proven & Probable:
n/a
n/a
11/07/2025
Measured & Indicated:
n/a
n/a
11/07/2025
Inferred:
n/a
n/a
11/07/2025
Reserves & Resources:
n/a
n/a
never
C U R R E N T
Annual Production:
n/a
n/a
Cash Cost:
n/a
n/a
11/07/2025
Extra Operating Cost:
n/a
n/a
11/07/2025
Total:
n/a
n/a
11/07/2025
Margin (Free Cash Flow):
n/a
MCap / Production (AgEq):
n/a
n/a
EV / Production (AgEq):
n/a
n/a
G R A D E
Underground (Avg):
n/a
n/a
11/07/2025
Open Pit (Avg):
n/a
n/a
11/07/2025
Recovery Rate:
n/a
n/a
11/07/2025
F U T U R E
Proven & Probable:
n/a
n/a
11/07/2025
Annual Production:
n/a
n/a
11/07/2025
Cash Cost:
n/a
n/a
11/07/2025
Extra Operating Cost:
n/a
n/a
11/07/2025
Property
Last Analysis Data (11/07/2025)
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Dev
Kone
West Africa
100 (guess)
Open Pit
900.00
show
Discovery
3.5 million oz at .9 gpt
Feasibility due in Q1 2022 Size: 233,000 ha
Exp
Bobosso
West Africa
100 (guess)
Open Pit
show
Early exploration. Size: 69,000 ha
Exp
Korokaha
West Africa
100 (guess)
Open Pit
show
Early exploration. Size: 100,000 ha
Current Data
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Dev
Kone
West Africa
100 (guess)
Open Pit
900.00
show
Discovery
3.5 million oz at .9 gpt
Feasibility due in Q1 2022 Size: 233,000 ha
Exp
Bobosso
West Africa
100 (guess)
Open Pit
show
Early exploration. Size: 69,000 ha
Exp
Korokaha
West Africa
100 (guess)
Open Pit
show
Early exploration. Size: 100,000 ha
Profitability (by resource)
Proven & Probable
11/07/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
4.00M
4.00M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
3.60M
3.60M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$7,706.77M
$8,782.56M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$7,706.77M
$8,782.56M
n/a
Max Profit / Current MCap:
4.202
3.531
n/a
Max Profit Per Share (Gold):
$19.97
$22.75
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$19.97
$22.75
n/a
Total Free Profit Per Share:
$13.27
$13.88
n/a
FD MCap / Gold Eq.:
$509.48
$690.81
n/a
FD MCap / Silver Eq.:
$6.16
$9.88
n/a
FD MCap / Per Metal as % Spot Price:
12.77%
16.10%
n/a
EV / Gold Eq.:
$525.87
$707.20
n/a
EV / Silver Eq.:
$6.36
$10.11
n/a
EV / Per Metal as % Spot Price:
13.18%
16.49%
n/a
Measured & Indicated
11/07/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
5.00M
5.00M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
4.32M
4.32M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$9,248.13M
$10,539.07M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$9,248.13M
$10,539.07M
n/a
Max Profit / Current MCap:
5.042
4.238
n/a
Max Profit Per Share (Gold):
$23.96
$27.30
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$23.96
$27.30
n/a
Total Free Profit Per Share:
$17.26
$18.43
n/a
FD MCap / Gold Eq.:
$424.57
$575.68
n/a
FD MCap / Silver Eq.:
$5.13
$8.23
n/a
FD MCap / Per Metal as % Spot Price:
10.64%
13.42%
n/a
EV / Gold Eq.:
$438.23
$589.34
n/a
EV / Silver Eq.:
$5.30
$8.42
n/a
EV / Per Metal as % Spot Price:
10.98%
13.74%
n/a
Reserves & Resources
11/07/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
6.00M
6.00M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
4.77M
4.77M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$10,211.47M
$11,636.89M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$10,211.47M
$11,636.89M
n/a
Max Profit / Current MCap:
5.567
4.679
n/a
Max Profit Per Share (Gold):
$26.45
$30.15
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$26.45
$30.15
n/a
Total Free Profit Per Share:
$19.75
$21.28
n/a
FD MCap / Gold Eq.:
$384.51
$521.37
n/a
FD MCap / Silver Eq.:
$4.65
$7.45
n/a
FD MCap / Per Metal as % Spot Price:
9.64%
12.15%
n/a
EV / Gold Eq.:
$396.88
$533.74
n/a
EV / Silver Eq.:
$4.80
$7.63
n/a
EV / Per Metal as % Spot Price:
9.95%
12.44%
n/a
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
11/07/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
Exchange Rates:
USD 1.0000
USD 1.0000
12/13/2025
Spot Gold:
$3,990.77
$4,289.60
12/13/2025
Spot Silver:
$48.23
$61.32
12/13/2025
Gold:Silver Ratio:
82.74
69.95
12/13/2025
Spot Gold (Future):
$5,000.00
$6,000.00
Spot Silver (Future):
$100.00
$150.00
Gold:Silver Ratio (Future):
50.00
40.00
Gold Avg. Recovery Rate:
75.00%
75.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
Plausibility of P & P:
100.00%
100.00%
Plausibility of M & I:
80.00%
80.00%
Plausibility of Inferred:
50.00%
50.00%
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