Montage Gold Business Summary

Montage Gold Corp. (MAUTF) is a Canadian-based mineral exploration and development company primarily focused on advancing its flagship Koné Gold Project in Côte d’Ivoire. The company operates as a pre-revenue entity, with its business model centered on the acquisition, de-risking, and construction of large-scale gold assets to generate future revenue through the extraction and sale of gold bullion. Its primary business segments include the development of the Koné project—which is projected to produce over 300,000 ounces of gold annually—and the exploration of satellite deposits such as Gbongogo Main and the recently acquired Didievi and Wendé properties. Montage Gold competes directly with other West African-focused gold producers and developers, including Allied Gold Corp., Galiano Gold Inc., and Perseus Mining. Relative to these peers, Montage is positioned as a high-growth developer transitioning into a premier multi-asset producer, distinguished by its low-cost production profile and significant backing from major strategic partners. The company is led by a management team with a deep pedigree in African mining, many of whom were instrumental in the growth of Endeavour Mining and Red Back Mining. Chief Executive Officer Martino De Ciccio, appointed in early 2024, previously served as Deputy CFO at Endeavour Mining, while Chief Financial Officer Constant Tia brings extensive regional experience from his tenure as a regional CFO at Kinross Gold. The leadership team also includes Peder Olsen as President and Chief Development Officer and Silvia Bottero as Executive Vice President of Exploration, both of whom have track records of delivering large-scale African projects. Montage was co-founded by industry veterans Richard Clark and Hugh Stuart, who previously led Red Back Mining to a multi-billion dollar exit. The company is supported by a high-profile board chaired by Ron Hochstein (CEO of Vicuña Corp. and former CEO of Lundin Gold) and maintains a strong institutional shareholder base led by the Lundin Family Trusts and Zijin Mining Group.