Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | Suite 700 1255 Bay Street TORONTO ON M5R 2A9 |
Tel: | N/A |
Website: | https://www.montagegoldcorp.com |
IR: | See website |
Key People | ||
Hugh Stuart President, Director | Martino De Ciccio Chief Executive Officer | Glenn Michio Kondo Chief Financial Officer |
Constant Tia Chief Financial Officer | Kevin Ross Chief Operating Officer | Silvia Bottero Executive Vice President - Exploration | Adam Spencer Executive Vice President, Corporate Development |
Business Overview |
Montage Gold Corp. is a Canada-based precious metals exploration and development company. The Company is principally engaged in the acquisition, exploration, and development of mineral properties in Africa. It is focused on the exploration and development of properties in Cote d'Ivoire. The Company's property is the Kone Gold Project. The Kone Gold Project (KGP) is located approximately 350 kilometers north-west of Yamoussoukro, the political capital of Cote d'Ivoire, and approximately 600 km north-west of Abidjan, the commercial capital of the Country. The Company's original land package included the 300 square kilometers (km2) Kone Exploration Permit (PR 262), the 362 km2 Faradougou Exploration Permit (PR 748) and three exploration permit applications totaling 780km2. The Kone Exploration Permit hosts the Kone deposit which comprises an Indicated Mineral Resource. |
Financial Overview |
For the nine months ended 30 September 2023, Montage Gold Corp revenues was not reported. Net loss increased from C$6.1M to C$13.9M. Higher net loss reflects Exploration and project investig increase from C$1.6M to C$8.8M (expense), Stock based compensation expense increase from C$270K to C$908K (expense), Management and consulting fees increase of 21% to C$1.5M (expense). |
Employees: | 35 as of Dec 31, 2021 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $279.37M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$17.30M as of Sep 30, 2023 |
Net annual income (TTM): | -$17.60M as of Sep 30, 2023 |
Free cash flow (TTM): | -$16.89M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 239,089,988 as of Apr 19, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |