Montage Gold

Primary Ticker: TSX:MAU
Stage of Development: Development, Exploration
Primary Minerals: Gold
Country / Region: Côte d'Ivoire
Market Cap 1.4b
Website: Montage Gold
Montage Gold Corp. (TSX: MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the “UFS”), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in Q2-2027.
Management Profile:
Peder Olsen, President & Chief Development Officer
Peder Olsen has over 15 years of experience in project development, operational, technical services and executive roles within the mining sector. He has a demonstrated track record in advancing large-scale projects from the initial study stage to the successful completion of construction, particularly in West Africa.
Peder has played a key leadership role in building the following projects on time and on budget: Endeavour’s Houndé mine in Burkina Faso during 2016-2017, Endeavour’s Ity mine in Côte d’Ivoire during 2017-2019, Adamus' Agbaou mine in Côte d’Ivoire during 2012-2013 and Adamus' Nzema mine in Ghana during 2009-2010. In addition, as Director of Projects for Papillion Resources, he played a pivotal role which culminated in the $620 million sale of the Fekola mine to B2Gold in 2014.
Since 2021, Peder has served as the Founder and Managing Director at Orange Mining, a global mining consultancy firm with a strong African presence, which specializes in offering owners project management, study and construction services, and commercial support including tendering services, project and equipment finance.
Between 2018 and 2019, Peder held the position of Director for Africa and Europe at Ibaera Capital, a Perth, Australia-based private equity fund. Prior to this, from 2015 to 2019, he held various roles with Endeavour Mining, including Senior Vice President – Projects, Mining & Technical Services. From 2008 to 2014, Peder held various Project Director and Engineering roles at Papillon Resources, Ampella Mining, Adamus Resources, and NS Projects.
Peder holds a Bachelor of Applied Science in Construction Management & Economics from Curtin University in Perth, Australia.
Jake Cain, Strategy & Investor Relations Manager
Jake Cain has over 10 years of experience in the mining industry with a strong track record in a number of areas including investor relations, capital markets, mergers and acquisitions, as well as mining operations and exploration across Africa. Prior to joining Montage Gold, Jake held numerous roles with Deloitte LLP, Sibanye-Stillwater and Gemfields Plc. Jake holds an M.Sc in Metals and Energy Finance from Imperial College Business School and the Royal School of Mines, and a B.Sc in Geology from the University of St Andrews.
What is your rationale for taking part in 121 Mining Investment?
We are looking for new investors to buy Montage shares in the open market.
What recent news would you like to highlight to investors attending?
- 6 - 12 2025 Montage Gold Closes Second Tranche of Investment in African Gold
- 7 - 7 2025 Montage Gold Announces Appointment of Jeremy Langford to the Board of Directors
- 7 - 14 2025 Montage Gold Closes Strategic Investment in Aurum Resources
- 7 - 21 2025 Montage Gold Provides Mid-Year Exploration Update for its Koné Project where Construction Continues to Rapidly Advance
- 8 - 12 2025 Montage Gold Reports on its Q2 and H1-2025 Activities
What are your key goals for the next 3, 6 and 12 months?
3 Months
Continued exploration results from upsized 120,000 metre drill program.
6 Months
Delivery of 1 million ounce discovery target resource update.
12 Months
Continue advancing construction at Koné with first gold on track for H2 2027.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Our top challenge is execution risk for construction of our Koné project. We are well on track for first gold pour in Q2-2027 and on budget with circa 44% of the US$835 million capital spend committed thus far, with prices in line with expectations. On-site work force now exceeds 2,500 employees and contractors with over 90% local employment.
What do you think makes your company such a compelling investment?
- Over 5Moz in Total Resources for the Koné Gold Project
- Advanced project with production potential over >300,000 ounces per year
- Control of a 2,258 sq.km district in a prolific gold producing region of West Africa
- Management has a strong track record of significant value creation
- Exceptional shareholder base including: Lundin, Zijin & Financing from Wheaton Precious Metals
What are the top 3 key investor takeaways?
- Very simple open pit project with scale and significant land package for exploration.
- Expected long mine life at low cost producing +300koz for +10 years.
- Led by one of the most successful management teams in West African gold.