Montage Gold: 300k oz Gold /Year 16-Year Mine Life | Martino De Ciccio

#gold #mining #preciousmetals #smallcapstocks #stockmarket #africa #canada
In this interview with Martino De Ciccio, CEO of Montage Gold Corp. (TSXV: MAU), we discuss their recent US$825 million financing package with Wheaton Precious Metals and Zijin Mining for their Koné project in Côte d'Ivoire. The project is expected to produce 300,000 ounces of gold annually for the first 8 years, with a 16-year mine life and all-in sustaining costs of approximately $1,000 per ounce. De Ciccio explains their unique financing structure, which includes a gold stream and redeemable instrument, designed to minimize equity dilution while maintaining exploration upside. Construction is set to begin in Q1 2025, with production targeted for H1 2027. The company has also committed to finding 1 million additional ounces at 50% higher grade than current reserves through exploration.

Montage Gold Corp. is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Feasibility Study published in 2024, the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years. Over the course of 2024, the Montage management team will be leveraging their extensive track record in developing projects in Africa to progress the Koné project towards a construction launch.

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00:00 Introduction
01:25 Gold Industry Conversations
02:53 Project & Financing Details
05:43 Deal Structure & Flexibility
06:51 Put Options Strategy
08:30 Addressing Investor Concerns
11:10 Development Timeline
12:01 Key Milestones Ahead