Montage Gold Corp (MAU) Financings
TSX: MAU · Gold · Development stage
- Market cap$6.66B
- Share price$16.41
- 52-week range$6.25 – $21.13
- Shares outstanding405,930,817
- ExchangeTSX
- Websitewww.montagegold.com
Montage Gold Corp. (TSX:MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Kone project, located in Côte d'Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the 'UFS'), the Kone project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in late Q4-2026. The Company has also built a high-quality, multi-asset growth pipeline including the Didievi and Wende properties in Côte d'Ivoire, and a portfolio of prospective exploration tenements in Mauritania.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Montage Gold Corp financial statements
Key figures read from 23 of 23 financial statement filings, Nov 25, 2020 to Aug 11, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 thousands | Dec 2024 thousands | Jan 2024 thousands | Dec 2023 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$191,776 | C$165,485 | US$5,073 | C$6,720,076 | C$8,020,729 |
| Short-term investments | US$15,624 | — | US$0 | — | — |
| Total current assets | US$210,485 | C$167,051 | US$5,421 | C$7,181,255 | C$9,351,307* |
| Total current liabilities | US$35,163 | C$40,817 | US$940 | C$1,245,029 | — |
| Working capital | US$175,322 | C$126,234 | US$4,481 | C$5,936,226 | — |
| Exploration and evaluation assets | US$469,273 | C$101,625 | US$29,054 | C$37,776,218 | C$42,179,104 |
| Property, plant and equipment | US$3,692 | — | US$0 | C$710,682 | C$412,553 |
| Total assets | US$732,472 | C$368,400 | US$34,490 | C$45,687,760 | C$51,966,386 |
| Total liabilities | US$615,817 | C$162,974 | US$1,014 | C$1,343,229 | — |
| Shareholders' equity | US$116,655 | C$205,426 | US$33,476 | C$44,344,531 | C$49,798,131 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 thousands | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | — | — | C$0 | — | — |
| Exploration and evaluation expense | US$14,646 | C$44,215 | C$13,202,642 | C$4,796,228 | C$19,586,900 |
| Share-based compensation | US$6,654 | C$9,609 | C$1,176,568 | — | — |
| Impairments and write-downs | — | C$0 | C$6,372,093 | — | — |
| Net income (loss) | (US$49,880) | (C$67,771) | (C$24,419,705) | (C$9,783,215) | (C$23,489,736) |
Cash flow statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 thousands | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$37,903) | (C$45,773) | (C$17,411,510) | (C$7,929,489)* | (C$22,615,463)* |
| Investing cash flow | (US$351,043) | (C$116,527) | C$184,504 | (C$15,077,493)* | (C$169,946)* |
| Financing cash flow | US$465,006 | C$321,486 | C$15,864,629 | C$21,259,696* | C$45,000* |
| Exploration spending (capitalized) | (US$354,205) | (C$46,312) | — | — | — |
| Property, plant and equipment spending | — | — | (C$382,725) | (C$250,235) | (C$169,946) |
| Proceeds from share issues | US$0 | C$212,151 | C$15,864,629 | (C$877,804) | C$0 |
| Change in cash | US$76,458 | — | (C$1,300,653) | (C$1,753,688) | (C$22,976,742) |
| Cash at end of period | US$191,776 | C$165,485 | C$6,720,076 | C$8,020,729 | C$9,774,417 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Montage Gold Corp financings
5 financings announced or closed by Montage Gold Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-06-12 | Montage Gold Corp (MAU) | Private placement | Tranche closed, 1 tranche | — | — | Montage Gold Closes Second Tranche of Investment in African Gold |
| 2025-03-24 | Montage Gold Corp (MAU) | Private placement | Tranche closed, 1 tranche | — | — | Montage Gold Closes First Tranche of Investment in African Gold |
| 2024-10-23 | Montage Gold Corp (MAU) | Private placement | Announced | US$825.0M | — | Montage Gold Secures US$825 Million Financing Package for the Construction of Its Koné Project in Côte D’Ivoire |
| 2024-07-15 | Montage Gold Corp (MAU) | Private placement, brokered | Closed, 1 tranche | $180.0M | $1.75 | Montage Gold Announces Strategic Investment by Zijin Mining; C$170M Equity Raise Launched to Advance the Kone Project |
| 2024-02-22 | Montage Gold Corp (MAU) | Private placement, non-brokered | Closed, 1 tranche | $35.2M | $0.700 | Montage Gold Expands Leadership Team and Announces C$20 Million Non-Brokered Financing Backed by Lundin Trusts |