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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Montage Gold
Montage Gold (MAU ) investor relations material
Montage Gold Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary11 Nov, 2026
Executive summary
First gold poured from the Koné oxide circuit on September 26, 2026, ahead of the initial Q2-2027 schedule; commercial production is targeted for Q4-2026.
The oxide plant averaged over 90% of its 11 Mtpa nameplate capacity in October and reached 104% in the final week; hard-rock circuit completion remains scheduled for Q2-2027.
Financial highlights
Q3-2026 investing cash outflows were $137.3 million, up $9.3 million QoQ, primarily reflecting Koné construction timing and $24.8 million paid for the Didievi minority transaction.
Q3-2026 financing cash inflows were $105.3 million, down $107.5 million QoQ; the quarter included drawdown of a $75.0 million unsecured term loan.
September 30 cash was $106.6 million; total available liquidity was $205.6 million, including cash, a $75.0 million Wheaton Loan Facility and $24.0 million of other liquid assets.
Outlook and guidance
Oxide circuit commercial production is targeted for Q4-2026; the hard-rock comminution circuit remains on schedule for completion in Q2-2027.
Koné 2026 drilling totals 130,000 metres, with expected exploration expenditure of $22 million; an updated mine plan and year-end reserves and resources are expected in late Q1-2027.
Expected 2026 exploration spend: $17 million at Didievi, $2 million at Wendé and $4 million in Mauritania; Mauritania reconnaissance drilling is expected to begin in early 2027.
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Latest events from Montage Gold
- Resource growth, first gold pour, and fast-tracked project pipeline drive strong outlook.MAU
Mining Forum Americas 2026 - Koné project remains on budget and ahead of schedule, with first gold pour targeted for Q4-2026.MAUQ2 2026
- Koné project construction is ahead of schedule, targeting first gold in late 2026 with strong economics.MAUCorporate presentation
- Koné project construction advances ahead of schedule, targeting first gold pour in late Q4-2026.MAUQ4 2025
- Koné project construction is ahead of schedule, with strong liquidity and major exploration progress.MAUQ1 2026
- Koné project construction is ahead of schedule, targeting first gold in late Q4-2026.MAUCorporate presentation
- Koné Gold Project targets first gold in late 2026, with strong growth, funding, and ESG focus.MAUCorporate presentation
- Koné project construction is on track for late 2026 gold production, fully funded and expanding.MAUCorporate presentation
- Koné Project construction and resource expansion drive asset growth, with first gold pour set for Q2-2027.MAUQ4 2024
Next Montage Gold earnings date
Q4 202628 Apr, 2027
Montage Gold
Next Montage Gold earnings date
Q4 202628 Apr, 2027
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Frequently asked questions
Montage Gold Corp is a mineral exploration and development company focused on advancing gold projects in West Africa. The company engages in the acquisition, exploration, and evaluation of mineral properties, with activities including geological mapping, drilling, and resource estimation. Its primary objective is the development of open-pit gold mining projects in regions with established mining infrastructure. Montage Gold Corp aims to progress its assets through exploration, technical studies, and permitting. The company is headquartered in Vancouver, Canada, and its shares are listed on the TSX Venture Exchange.