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Montage Gold Corp. (V:MAU)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 885 West Georgia Street, Suite 2200
Tel: N/A
IR: See website
Key People
Hugh Stuart
Chief Executive Officer, Director
Glenn Michio Kondo
Chief Financial Officer
Kevin Ross
Chief Operating Officer
Adam Spencer
Executive Vice President, Corporate Development
Business Overview
Montage Gold Corp. is a Canada-based mineral resource company. The Company is engaged in the exploration and development of mineral properties in Cote d'Ivoire. Its projects include Kone Gold Project, Korokaha Gold Project and Bobosso Gold Project. The Kone Gold Project is located approximately 350 kilometers (km) north-west of Yamoussoukro. It covers approximately 300 square kilometers (sq km) Kone Exploration Permit (PR 262), the 362 sq km Faradougou Exploration Permit (PR 748) and three exploration permit applications that cover over 780 sq km. The Korokaha Gold Project consists of approximately 300 sq km Korokaha North Exploration Permit (PR 239), the Korokaha South Exploration Permit (PR 333, 352.8 sq km) and the Diawala Exploration Permit application (361 sq km) in the districts of Korhogo and Ouangolodougou. The Bobosso Gold Project is located approximately 140 km northeast of Bouake, the regional capital and approximately 240km northeast of Yamoussoukro.
Financial Overview
For the six months ended 30 June 2022, Montage Gold Corp revenues was not reported. Net loss decreased 77% to C$3.8M. Lower net loss reflects Stock based compensation expense decrease of 58% to C$172K (expense), Foreign exchange (gain)/loss decrease of 92% to C$12K (expense), Interest income increase from C$5K to C$17K (income). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.16 to -C$0.04.
Employees: 35 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $49.94M as of Jun 30, 2022
Annual revenue (TTM): $0.00M as of Jun 30, 2022
EBITDA (TTM): -$10.60M as of Jun 30, 2022
Net annual income (TTM): -$10.64M as of Jun 30, 2022
Free cash flow (TTM): -$12.06M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 106,390,004 as of Sep 15, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization