Name of the Project
Koné gold project.

Location
About 350 km north-west of Yamoussoukro, Côte d’Ivoire.

Project Owner/s
Canada-based mineral resources company Montage Gold.
 
Project Description
The project is based on three openpit gold deposits feeding a central gold-processing facility. The project has an average yearly mining rate of 42.4-million tonnes and will produce an average of 223 000 oz/y of gold over the 16-year life-of-mine for total gold production of 3.57-million ounces.

There is upside potential through regional exploration and identification of satellite pits similar to Koné’s Gbongogo Main deposit that could be mined and trucked to a central processing facility. The process plant will have a nominal throughput of 11-million tonnes a year with a grind size of 80% passing (P80) 75 µm.

The treatment plant design incorporates crushing, screening, high-pressure grinding rolls, grinding and classification, preleach and tailings thickening, a carbon-in-leach circuit, carbon recovery and acid wash, carbon elution, electrowinning trains and smelting.

Potential Job Creation
As at October 6, the project had a workforce of more than 2 800 employees and contractors.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $1.44-billion and an internal rate of return of 34.6%, with a payback of 2.6 years.

Capital Expenditure
Initial capital expenditure is estimated at $835-million.

Planned Start/End Date
The project started construction in December 2024. First gold production is scheduled for the second quarter of 2027.

Latest Developments
Montage Gold reported on October 6 that rapid construction progress continued to be made at the project.

The project remains on budget and well on schedule for first gold pour in the second quarter of 2027.

Key Contracts, Suppliers and Consultants
Lycopodium Minerals (engineering, procurement and construction management).

Contact Details for Project Information
Montage Gold, tel +1 416 963 5777.