# Montage Gold reports on its Q2-2026 activities Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d Original source: https://www.globenewswire.com/news-release/2026/08/11/3342497/0/en/montage-gold-reports-on-its-q2-2026-activities.html Publisher: globenewswire Original announcement: 2026-08-11T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Montage Gold Corp - Ticker: MAU - Exchange: Unavailable - Region: Côte d’Ivoire - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Agreement transaction, Capital raise - Extracted: 2026-09-12 02:54:13 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Montage Gold Corp. reported strong Q2-2026 activities, with its flagship Koné project in Côte d’Ivoire on track for first gold pour in Q4-2026 through the oxide circuit, ahead of schedule and on budget. The company announced a significant increase in Measured and Indicated gold resources for its Koné satellite deposits, growing by 1.1 Moz to 1.7 Moz at 1.51 g/t Au, and an overall Koné M&I resource increase of 1.4 Moz to 6.3 Moz. Furthermore, Montage increased its ownership in the Didievi project to 95.5% and secured a $75 million unsecured loan to fund this acquisition and accelerate exploration, alongside an expanded 2026 drilling program of 224,000 meters across its portfolio. Reasoning: Montage Gold Corp. reported strong progress on its flagship Koné project, with construction ahead of schedule and first gold pour targeted for Q4-2026. The company also announced a significant increase in M&I gold resources at Koné satellite deposits, increased its ownership in the Didievi project, and secured a $75 million loan to fund these activities and accelerate exploration, all contributing to a highly positive outlook. - Positive factor: Construction of the flagship Koné project is on budget and ahead of schedule, targeting first gold pour from the oxide circuit in Q4-2026. - Positive factor: Significant increase in Measured and Indicated gold resources for Koné satellite deposits, adding 1.1 Moz at a higher grade. - Positive factor: Overall Koné project M&I resources increased by 1.4 Moz to 6.3 Moz with a 27% grade improvement. - Positive factor: Increased ownership in the Didievi project to 95.5% and repurchased a 1.5% NSR royalty, enhancing project value and control. - Positive factor: Secured a $75 million unsecured loan to fund the acquisition and accelerate exploration and development activities. Facts used in scoring: 13 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The M&I Resources for higher-grade satellite deposits at the Koné project increased by 1.1Moz to 1.7Moz at 1.51 g/t Au compared to 520koz at 1.48 g/t Au, indicating a significant upgrade in resource confidence and quantity. Evidence · text > M&I Resources for higher-grade satellite deposits at the Koné project have increased by 1.1Moz to 1.7Moz at 1.51 g/t Au compared to 520koz at 1.48 g/t Au **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: The Koné project overall M&I Resource increased by 1.4Moz to 6.3Moz, representing a substantial tonnage increase. Evidence · text > The Koné project overall M&I Resource increased by 1.4Moz to 6.3Moz **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: The Koné project overall M&I Resource grade is up 27% to 0.80 g/t Au, indicating better deposit economics. Evidence · text > grade up 27% to 0.80 g/t Au **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The Koné project overall M&I Resource increased by 1.4Moz to 6.3Moz, and Inferred Resources increased by 1.6Moz to 2.0Moz, showing significant growth in contained metal. Evidence · text > The Koné project overall M&I Resource increased by 1.4Moz to 6.3Moz, with grade up 27% to 0.80 g/t Au and Inferred Resources increased by 1.6Moz to 2.0Moz with grade up 36% to 0.68 g/t Au **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The scientific and technical contents of the press release have been verified and approved by a Qualified Person pursuant to NI 43-101. Evidence · text > The scientific and technical contents of this press release have been verified and approved by Mr. Peder Olsen, a Qualified Person pursuant to NI 43-101. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mr. Peder Olsen, a Qualified Person, verified and approved the scientific and technical contents of the press release. Evidence · text > The scientific and technical contents of this press release have been verified and approved by Mr. Peder Olsen, a Qualified Person pursuant to NI 43-101. **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The update included a maiden M&I Resource for the Petit Yao deposit and a maiden Inferred Resource. Evidence · text > The update included a maiden M&I Resource for the Petit Yao deposit of 102koz at 1.51 g/t Au with a maiden Inferred Resource of 391koz at 1.28 g/t Au **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company published an updated Mineral Resource Estimate for the Koné project during the quarter. Evidence · text > The Company published an updated Mineral Resource Estimate for the Koné project during the quarter. ## Extracted facts Stored fact records: 13. Some facts used in scoring do not have a stored record. ## Resource Estimates (13) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-0) Koné project · gold #### Identity - Project: Koné project - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Peder Olsen - Resource group id: resource:d36600dbb42b5d1908cd - Ownership percent: 80 % #### Resource Data - Category: indicated - Grade: 1.51 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-06-15 - Prior Grade: 1.48 - Prior Contained Metal: 0.52 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The reported increase of 1.1 Moz in M&I resources for higher-grade satellite deposits at the Koné project, with a strong grade of 1.51 g/t Au, represents a material and novel addition to the company's resource base, enhancing project economics. - Positive factor: Significant increase in Measured and Indicated resources for higher-grade satellite deposits. - Positive factor: Grade maintained at a high level for the increased resource. Evidence · text > M&I Resources for higher-grade satellite deposits at the Koné project have increased by 1.1Moz to 1.7Moz at 1.51 g/t Au compared to 520koz at 1.48 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 1.7 against 0.52 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-1) Koné project · gold #### Identity - Project: Koné project - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Peder Olsen - Resource group id: resource:4e9572f0f11e43b5df13 - Ownership percent: 80 % #### Resource Data - Category: inferred - Grade: 1.34 - Grade Unit: g/t - Contained Metal: 0.8 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The addition of 0.8 Moz of Inferred resources at 1.34 g/t Au for satellite deposits, where previously there was none, indicates significant exploration success and future growth potential, albeit at a lower confidence category. - Positive factor: New Inferred resources add to the overall resource potential of the satellite deposits. Evidence · text > Inferred Resources for satellite deposits have increased from nil to 0.8Moz at 1.34 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-2) Koné project · gold #### Identity - Project: Koné project - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Peder Olsen - Resource group id: resource:d36600dbb42b5d1908cd - Ownership percent: 80 % #### Resource Data - Category: indicated - Grade: 0.8 - Grade Unit: g/t - Contained Metal: 6.3 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-06-15 - Prior Grade: 0.63 - Prior Contained Metal: 4.9 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The Koné project's overall M&I Resource increasing by 1.4 Moz to 6.3 Moz, coupled with a 27% increase in grade to 0.80 g/t Au, represents a highly material and positive update, enhancing the project's economic viability and scale. - Positive factor: Substantial increase in overall M&I resources for the Koné project. - Positive factor: Significant improvement in average grade \(up 27%\) for the M&I resources. Evidence · text > The Koné project overall M&I Resource increased by 1.4Moz to 6.3Moz, with grade up 27% to 0.80 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 0.8 against 0.63 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 6.3 against 4.9 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-3) Koné project · gold #### Identity - Project: Koné project - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Peder Olsen - Resource group id: resource:4e9572f0f11e43b5df13 - Ownership percent: 80 % #### Resource Data - Category: inferred - Grade: 0.68 - Grade Unit: g/t - Contained Metal: 2 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-06-15 - Prior Grade: 0.5 - Prior Contained Metal: 0.4 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The 1.6 Moz increase in overall Inferred resources to 2.0 Moz, with a 36% grade improvement to 0.68 g/t Au, indicates strong exploration potential and future resource conversion opportunities for the Koné project. - Positive factor: Significant increase in overall Inferred resources for the Koné project. - Positive factor: Improvement in average grade \(up 36%\) for the Inferred resources. Evidence · text > Inferred Resources increased by 1.6Moz to 2.0Moz with grade up 36% to 0.68 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 0.68 against 0.5 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 2 against 0.4 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-4) Koné project · gold #### Identity - Project: Koné project - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Peder Olsen - Resource group id: resource:8e6e744b100887de9872 - Deposit or zone: Petit Yao - Ownership percent: 80 % #### Resource Data - Category: indicated - Grade: 1.51 - Grade Unit: g/t - Contained Metal: 102 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The maiden M&I Resource of 102 koz at 1.51 g/t Au for the Petit Yao deposit is a significant new addition, demonstrating successful exploration and adding to the Koné project's high-grade satellite potential. - Positive factor: Establishment of a maiden M&I resource for the Petit Yao deposit. Evidence · text > maiden M&I Resource for the Petit Yao deposit of 102koz at 1.51 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-5) Koné project · gold #### Identity - Project: Koné project - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Peder Olsen - Resource group id: resource:aee433c981aaace71bf2 - Deposit or zone: Petit Yao - Ownership percent: 80 % #### Resource Data - Category: inferred - Grade: 1.28 - Grade Unit: g/t - Contained Metal: 391 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The maiden Inferred Resource of 391 koz at 1.28 g/t Au for the Petit Yao deposit further highlights the exploration success and potential for future resource growth and conversion at the Koné project. - Positive factor: Establishment of a maiden Inferred resource for the Petit Yao deposit. Evidence · text > maiden Inferred Resource of 391koz at 1.28 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-6) #### Identity - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Reporting standards: ni\_43\_101 - Ownership percent: 80 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: Obtaining a $75 million unsecured loan from Macquarie Bank provides crucial funding for the Didievi acquisition and accelerates exploration, demonstrating financial strength and strategic execution. - Positive factor: Secured significant funding for strategic acquisitions and accelerated exploration. - Positive factor: Interest rate reduces upon commercial production, indicating confidence in project timeline. Evidence · text > Obtained $75 million unsecured loan with Macquarie Bank to fund acquisition and accelerate exploration and development activities at Didievi #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-7) #### Identity - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Reporting standards: ni\_43\_101 - Ownership percent: 80 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: Increasing ownership in the Didievi project to 95.5% for $57.7 million is a material strategic move, consolidating control over a project poised to be the company's next development asset. - Positive factor: Increased ownership in a key development asset \(Didievi project\) to 95.5%. - Positive factor: Consolidates control and future economic benefits from the project. Evidence · text > Didievi project ownership to increase from 80% to 95.5% and a 1.5% NSR royalty to be repurchased for a total transaction consideration of approximately $57.7 million #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-8) #### Identity - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Reporting standards: ni\_43\_101 - Ownership percent: 80 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The repurchase of a 1.5% NSR royalty on the Didievi project, as part of the $57.7 million transaction, is a positive step to reduce future liabilities and improve project economics. - Positive factor: Repurchase of a 1.5% NSR royalty reduces future operating costs and enhances project value. Evidence · text > Didievi project ownership to increase from 80% to 95.5% and a 1.5% NSR royalty to be repurchased for a total transaction consideration of approximately $57.7 million #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-9) #### Identity - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Reporting standards: ni\_43\_101 - Ownership percent: 80 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: Increasing interest in the Konahiri North, Konahiri South, and Koyekro properties to 95.5% is a positive, albeit less material, move to consolidate the company's exploration portfolio. - Positive factor: Increased interest in additional exploration properties, consolidating control. Evidence · text > Montage has also increased its interest by 15.5% to 95.5% in its Konahiri North, Konahiri South and Koyekro properties #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 11 [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-10) #### Identity - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Reporting standards: ni\_43\_101 - Ownership percent: 80 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The option to repurchase a 0.75% NSR royalty on the Konahiri North, Konahiri South, and Koyekro properties for $22.5 million provides a valuable future cost-reduction opportunity. - Positive factor: Option to repurchase a 0.75% NSR royalty provides future flexibility to reduce costs. Evidence · text > obtained an option to repurchase a 0.75% royalty on these properties in the future. The option does not have an expiry date. ... for a fixed exercise price of $22.5 million #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 12 [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-11) Koné project · gold #### Identity - Project: Koné project - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Reporting standards: ni\_43\_101 - Resource group id: resource:f32d2d545aef4b8bcc3f - Ownership percent: 80 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The confirmation of being on track for first gold pour from the Koné project's oxide circuit in Q4-2026, ahead of schedule, is a highly material and positive milestone for the company's transition to a producer. - Positive factor: First gold pour from the oxide circuit is on track for Q4-2026, ahead of schedule. - Positive factor: Represents a major de-risking and value-creation milestone for the company. Evidence · text > Well on track for first gold pour in Q4-2026 through the oxide circuit #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 13 [Link to this fact](https://atlas-extractions.minestarters.com/news/montage-gold-reports-on-its-q2-2026-activities--96d65e7c-2ff9-4cb9-b086-bfe36219aa8d#fact-resource-facts-12) Koné project · gold #### Identity - Project: Koné project - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: MAU #### Resource scope - Reporting standards: ni\_43\_101 - Resource group id: resource:f32d2d545aef4b8bcc3f - Ownership percent: 80 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: The hard-rock comminution circuit at the Koné project remaining on schedule for completion in Q2-2027 is a positive indicator for the project's full operational capacity and long-term production profile. - Positive factor: Hard-rock comminution circuit remains on schedule for completion, ensuring full production capacity. Evidence · text > Completion of the hard-rock comminution circuit in Q2-2027 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.