Montage Gold Corp. has received conditional approval from the Toronto Stock Exchange (TSX) to graduate from the TSX Venture Exchange (TSXV) to the TSX. The company, focused on becoming a premier African gold producer with its flagship Koné project in Côte d’Ivoire, anticipates completing the graduation in the coming weeks. This move is expected to enhance visibility, broaden the investor base, increase liquidity, and potentially lead to index inclusion. Martino De Ciccio, CEO of Montage, expressed optimism about this development, citing the progress made in derisking the business and advancing the Koné gold project construction on budget, with the first gold pour expected in Q2-2027.
The final approval for the listing transition is subject to Montage fulfilling certain customary conditions set by the TSX. The company is actively working to meet these requirements and is confident in its ability to do so. Once the TSX confirms the commencement date for trading, Montage will issue a further statement. Upon meeting the final listing requirements, Montage’s common shares will be delisted from the TSXV and start trading on the TSX under the symbol “MAU”. Shareholders are not required to take any action regarding share certificates or trading symbols.
Montage Gold Corp., a Canadian-listed company, is strategically focused on establishing itself as a multi-asset African gold producer, with the Koné project at the forefront of its operations in Côte d’Ivoire. The project, as per the Updated Feasibility Study, is projected to have a 16-year mine life with significant annual gold production expected to begin in Q2-2027. The company’s EVP Exploration, Silvia Bottero, a Qualified Person under NI 43-101, has verified the scientific and technical aspects of the project.
Forward-looking statements in the press release highlight the company’s objectives, including achieving production targets, strategy implementation, mineral reserve estimates, and anticipated mining methods at the Koné Gold Project. These statements are subject to risks and uncertainties, with factors such as delays in the listing process, uncertainties in mineral reserve estimates, unexpected changes in project parameters, and environmental risks in Côte d’Ivoire affecting the company’s operations.
Montage Gold Corp. recently exercised its participation rights in Sanu Gold, showcasing its active involvement in the mining sector. Additionally, the company delineated higher-grade satellite deposits at the Koné Project in 2024, aiming to supplement production from the project’s commencement. With over 81,000 meters drilled to identify these targets, Montage continues to advance construction at the Koné Project rapidly.
The impending graduation to the Toronto Stock Exchange marks a significant milestone for Montage Gold Corp. as it positions itself to attract more investors, enhance liquidity, and further establish its presence in the gold mining industry. The company’s strategic focus on African gold production, coupled with its progress in project development, reflects its commitment to sustainable growth and value creation in the sector.
