“The commencement of construction at the Koné project in Côte d’Ivoire marks a significant milestone in our journey to becoming a premier African gold producer and the culmination of this year’s efforts,” chief executive officer Martino De Ciccio said in a statement.
Montage Gold, in collaboration with contractor Lycopodium Minerals, recently concluded a comprehensive engineering review based on its Updated Feasibility Study (UFS) published in January 2024. This review has led to significant optimizations in the crushing and milling circuits, enhancing operational efficiency.
To mitigate construction risks, Montage has secured long-lead items, ensuring price stability and timely delivery. The project is fully funded, with upfront capital expenditures estimated at $835 million and more than $900 million in liquidity sources available.
A key component of Montage’s strategy is continued exploration…
