Mining Stock Daily Corporate Update from Montage Gold, Including Construction Progress and Strategic Investments
May 12, 2025
Martino De Ciccio, CEO of Montage Gold and an expert in mining strategy, shares exciting developments at the Kone project in Cote d'Ivoire. He highlights the significant construction advancements and efficient operations post-rainy season. The conversation dives into future gold production plans set for 2027, with ongoing exploration targeting high-grade discoveries. Martino emphasizes the importance of strategic investments and careful financing in maximizing shareholder returns amidst challenges in the mining landscape.
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Robust Construction Progress at Kone
- Montage Gold has nearly 2,000 workers on site with over 200 machines active for Kone construction.
- Ring beams are complete and construction began right after the rainy season in November, progressing well into the dry season.
High-Grade Exploration Strategy
- Montage targets finding a million ounces at 50% higher grade than Kone within two years before production.
- Early discoveries will boost production in year one, aiming at 300,000+ ounces annually over ten years.
Prioritize High-Grade Targets
- Prioritize exploration targets based on grade and potential to quickly convert resources to reserves.
- Move deposits from drill testing to resource stage to identify high-grade deposits for early mine planning.