Montage Gold announces grade control results and resource increase for its Kone and Gbongogo Main deposits at its Kone Project
Montage Gold Delivers Massive Resource Upgrade as Koné Project Charges Toward 2026 Production
The most recent news (March 30, 2026) reports a substantial Mineral Resource Estimate (MRE) increase for the Koné and Gbongogo Main deposits. Measured and Indicated (M&I) resources rose by 671koz to 5.88Moz (0.77 g/t Au), while Inferred resources jumped by 782koz to 1.56Moz. Critically, the grade at the main Koné deposit improved by 21-24%. Construction is confirmed to be on-budget and ahead of schedule, with the first gold pour through the oxide circuit now targeted for late Q4-2026, moving up from previous Q2-2027 estimates for the full circuit.
This news is Material - Positive for several reasons: - Grade Improvement: A 21-24% grade increase at the flagship Koné deposit significantly enhances project economics, potentially lowering the All-In Sustaining Cost (AISC) further from the already low $998/oz baseline. - Timeline Acceleration: Moving the first gold pour to Q4-2026 (from Q2-2027) accelerates the transition to cash-flow generation by approximately six months. - Resource Scale: Total project resources (M&I + Inferred) now exceed 7.4Moz, cementing the project's status as a Tier-1 asset in West Africa. - De-risking: The maiden "Measured" resource category (229koz) indicates high confidence in the immediate mine plan areas.
Montage Gold is developing the Koné Gold Project in Côte d’Ivoire. It is characterized by a massive, low-grade, low-strip ratio orebody (Koné) supplemented by high-grade satellite deposits (Gbongogo, Petit Yao, etc.). The project is designed for a 16-year mine life with an average annual production of 301koz in the first eight years.