A view of the Koné project area. Credit: Montage Gold.
Montage Gold (TSX: MAU) shares climbed 4.2% Monday morning after the company reported that construction at its flagship Koné Gold Project in Côte d’Ivoire remains on schedule and on budget, with key milestones completed ahead of expectations.
Montage confirmed that approximately $418 million—about half of its total upfront capital expenditure—has already been committed, with costs remaining in line with projections. The project’s first gold pour is on track for Q2 2027, marking a major step toward becoming one of West Africa’s next significant gold producers.
Key infrastructure components, including site earthworks and process plant foundations, have been completed roughly two months ahead of schedule. The next major milestone will be the delivery of the ball mill on-site in Q1 2026, the company said.
