Montage Gold

Name

Montage Gold

Legal name

Montage Gold Corp.

Website

https://montagegoldcorp.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Gold mining
• Gold exploration
• Mineral development
• Precious metals
• Gold production

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Gold Production and Sales: Montage Gold is a pre-revenue gold development company transitioning to production. The company is constructing its Koné gold project in Côte d'Ivoire with targeted first gold pour in late Q4-2026. Revenue will be generated from the sale of gold produced at the mine, targeting over 300,000 ounces per year production profile for years 1-10, with a 16-year mine life based on current 2 deposits.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Montage Gold Corp. is a Canadian gold exploration and development company advancing the flagship Koné Gold Project in Côte d'Ivoire toward first gold pour targeted for late Q4-2026. The company holds a portfolio of West African gold assets, including the development-stage Koné Project (90% ownership) and exploration-stage Didievi, Wendé, and Mauritania permits, with planned production of over 300,000 ounces per year over a 16-year mine life.

Product overview

Montage Gold Corp. is a Canadian gold exploration and development company building a portfolio of West African gold assets. The company operates a two-track portfolio strategy: development of the flagship Koné Project (90% ownership) as the core production asset, combined with exploration assets including the Didievi Project (acquired), Wendé greenfield permit, and Mauritania exploration tenements. The company is transitioning from developer to production-stage with first gold pour targeted for late Q4-2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Koné Project Flagship gold development project in Côte d'Ivoire, ranked as one of the highest-quality gold projects in Africa with sizeable low-cost production and long mine life. Expected first gold pour in late Q4-2026, targeting 300,000 oz/year production profile with 16-year mine life based on 2 deposits.
• Didievi Project Gold exploration project in Côte d'Ivoire acquired through the African Gold Limited acquisition. Hosts an inferred resource of approximately 989,000 ounces of gold at 2.5 g/t Au.
• Wendé

Quantifiable outcome

• 58% increase in total contained gold resources at Koné project
• +4 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor, supporting and core.

• SOCIEXminorStrategic or Co-development Partner · 14 April 2026Montage Gold entered an agreement with SOCIEX to hold an 80% interest in the Zednes gold exploration permit in Mauritania, while Montage directly owns 100% of the Sfariat permits covering approximately 2,103 km² along prospective Birimian greenstone belts.
• Capital LimitedsupportingTechnology or Integration · 25 February 2026Capital Limited was awarded a grade control drilling contract with Montage Gold at its Koné Gold Project in Côte d'Ivoire, supporting the project's construction and pre-production drilling activities.
• African Gold LimitedcoreStrategic or Co-development Partner · 28 November 2025Montage Gold acquired 100% of African Gold Limited through a Scheme Implementation Deed for approximately AUD 240 million, with African Gold becoming a wholly-owned subsidiary following the April 2026 closing. The acquisition added the Didievi gold project in Côte d'Ivoire (approximately 989,000 oz inferred resource at 2.5 g/t Au) to Montage's portfolio. The transaction resulted in issuance of approximately 30 million Montage shares and 3 million options.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Endeavour Mining: Endeavour Mining is one of the largest senior gold producers in West Africa, operating multiple mines across Côte d'Ivoire, Burkina Faso, and Senegal. It is the most direct comparable for Montage Gold given the geographic overlap and the fact that Montage's senior leadership includes former Endeavour executives responsible for its growth into a mid-tier producer.
• Allied Gold Corporation: Allied Gold is a West African-focused gold producer with operations in Mali, Côte d'Ivoire, and Ethiopia, including the Bonikro and Agbaou mines. It is a direct peer in terms of jurisdiction and a similar mid-tier gold production profile.
• Orezone Gold Corporation: Orezone Gold is developing the Bomboré gold project in Burkina Faso, a West African single-asset developer with a comparable pre-production-to-production transition profile. It is a relevant peer for benchmarking capital intensity, construction risk, and post-construction re-rating in the West African gold developer space.
• West African Resources: West African Resources operates the Sanbrado and Kiaka gold mines in Burkina Faso, with a similar size and growth profile to Montage's planned Koné operation. It serves as a directly comparable West African gold developer-turned-producer at a similar scale to Montage's targeted production.
• IAMGOLD Corporation: IAMGOLD operates the Essakane gold mine in Burkina Faso and is developing the Côté Lake project in Ontario. It is a directly comparable mid-tier gold producer with material West African production and a portfolio approach similar to Montage's emerging multi-asset strategy.
• Perseus Mining: Perseus Mining operates three gold mines in West Africa, including the Yaouré and Sissingué mines in Côte d'Ivoire. It is a direct peer in terms of jurisdiction, scale, and the multi-mine West African growth strategy that Montage is pursuing.
• Robex Resources Inc. Robex Resources is a West African gold developer with its flagship Nampala mine in Mali and the pre-construction Kiniero project in Guinea. It provides a closely comparable single-jurisdiction West African developer profile with a similar development-to-production transition.

Emerging players

• Newcore Gold Ltd. Newcore Gold is an exploration-stage gold company advancing the Enchi Gold Project in Ghana. It is a relevant emerging-player peer in the West African gold development space, particularly for benchmarking exploration-stage resource growth and PEA-stage project economics.

Broad incumbents

• Barrick Gold Corporation: Barrick Gold is one of the world's largest gold producers with a significant West African footprint including the Loulo-Gounkoto complex in Mali. It is a broad incumbent peer in the West African gold sector and a relevant comparison for production scale, cost structure, and country-risk management.

Others

• Lundin Gold Inc. Lundin Gold operates the Fruta del Norte gold mine in Ecuador. While geographically distinct, it is closely connected to Montage through the Lundin Family's 19.9% ownership stake and management lineage, making it a relevant strategic and family-office-linked peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/montagegoldcorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Montage Gold