Montage Gold Corp. (MAUTF) Stock Price & Analysis
Montage Gold Corp. (MAUTF) — price $12.58 (-1.93%), as of the Oct 2, 2026 trading session; market cap $5.09B.
Educational signal · not a buy or sell recommendation · How to read this
Montage Gold Corp. · MAUTF · Basic Materials · Gold
Research dated 2026-09-13: Montage Gold is a pre-revenue mineral explorer focused on the Koné Gold Project in Côte d'Ivoire, West Africa, encompassing a substantial concession in a gold-rich jurisdiction. The investment case is purely speculative: does exploration succeed in defining a mineable deposit, or does the company run out of capital before achieving that milestone? The company burns cash rapidly in pursuit of exploration drilling and development. The cash runway is measured in months rather than years, creating urgency around funding and development milestones. No revenue is possible until mining begins, and no mining can begin until exploration results justify investment.
Price as of Oct 2, 2026
Key Statistics
No publishable V2 score is available for this stock yet.
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $12.58 | |
| Change on the day | -1.93% | |
| 52-week range | $4.46–$17.10 | |
| Market capitalisation | $5.09B | |
| Shares traded on the day | 117.3K | |
| Beta (volatility vs the S&P 500) | 2.18 |
Price & events
Point at or tab to any week for its close.
Other perspectives
Council score for Montage Gold (MAUTF): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
9-Factor Breakdown
Legends Council
4 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 9, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the MAUTF film — every key number, told as a short cinematic story
~2 min · open the film
What is Montage Gold (MAUTF), and what does it report?
Short answer · as of
Montage Gold conducts mineral exploration and development activities on a large concession in Côte d'Ivoire.
Research dated 2026-09-13.
Montage Gold conducts mineral exploration and development activities on a large concession in Côte d'Ivoire. The company does not mine, mill, or sell any mineral products. Its assets are the land tenure rights to the Koné Project and the capital deployed to drill, sample, and analyze ore grades and geometry. Exploration is the sole business activity.
Reported results measure operating losses and capital expenditure. The company recognizes no revenue. Operating losses reflect administrative costs, geological and engineering labor, and drilling services contracted from third parties. Capital expenditure shows cash deployed toward exploration activities and, potentially, feasibility studies if results warrant advancement to development.
What do the latest results show for Montage Gold (MAUTF)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $0.
Research dated 2026-09-13.
The latest half-year shows continued operating losses and significant capital expenditure on the Koné Project. The company burned cash in both exploration spending and overhead costs. Operating cash flow is negative and funded by the cash balance, meaning the company is not generating any cash from operations and is instead consuming reserves.
Management has not disclosed specific reserve estimates, mineral resource estimates, or mine development timelines. Without such milestones announced, the company is in pure exploration mode with no visible nearness to commercial production. Any capital raise or partnership announcement would signal management confidence in upcoming drill results.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | Not available | Not available | Not available | Not available |
| Mar 31, 2026 | Not available | Not available | Not available | Not available |
| Dec 31, 2025 | Not available | Not available | Not available | Not available |
| Sep 30, 2025 | Not available | Not available | Not available | Not available |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $0 | -$30M | -$0.08 (diluted) |
| Q1 FY2026 | $0 | -$8M | -$0.02 (diluted) |
| Q4 FY2025 | $0 | -$6M | -$0.02 (diluted) |
| Q3 FY2025 | $0 | -$4M | -$0.01 (diluted) |
What are the financial strengths and risks for Montage Gold (MAUTF)?
Short answer
Cash and short-term investments were $0.00 at the Jun 30, 2026 balance-sheet date. This figure does not establish a cash runway.
Research dated 2026-09-13.
The balance sheet shows a cash position that, given quarterly cash burn, covers operations for approximately several months before depletion. Capital expenditure on the concession is substantial relative to available cash, indicating the company is racing against a cash deadline to secure additional funding.
The core vulnerability is existential: if the company fails to raise capital before cash runs dry, the concession will be abandoned or sold, and shareholders will be left with minimal recovery. Exploration risk is enormous; drilling results may not indicate commercial mineralization, or mineral grades may be too low to justify mining at current commodity prices.
Data-derived red flags
- Negative return on equity (-25.3%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
What should you watch next at Montage Gold (MAUTF)?
Research dated 2026-09-13.
Monitor announcements of exploration drill results or updated resource estimates. Any indication of a significant mineral discovery would likely trigger a capital raise or strategic partnership. Conversely, disappointing drill results or a reduction in the resource estimate would signal increased risk of insolvency.
Track any press releases regarding financing: a capital raise, debt offering, or partnership would extend the runway and indicate management's conviction in the project. Without such announcements, assume the cash runway is depleting each quarter and the company will require capital infusions or a transaction within the near term.
What the records here don't tell us
- No forward revenue or earnings estimate is on file.
- The next earnings date is not yet scheduled in the calendar we read.
- No insider Form 4 transaction falls inside the window this page reads.
Checked against the records this page reads, on the dates shown above.
How is Montage Gold scored?
Research dated 2026-09-13.
Montage Gold differs from junior mining companies that have resource estimates or preliminary feasibility studies in that it is in early-stage exploration with no published resource. It is a riskier exposure than peers with defined mineral resources, which have at least demonstrated geological and economic potential. The company's West African presence adds political risk relative to peers operating in more stable jurisdictions.
Versus development-stage mining companies, Montage carries exploration risk rather than execution risk. A successful discovery would require years and substantial additional capital to advance to production. The risk-return profile is suited only to high-risk capital and requires a multi-year horizon and tolerance for total loss.
| Company | Price | Market value | Score |
|---|---|---|---|
| $0.22 Sep 30, 2026 | $1.01B | — Model unavailable | |
| $4.75 Oct 2, 2026 | $3.15B | — Model unavailable | |
| $49.40 Oct 2, 2026 | $1.41B | — Model unavailable | |
| $3.97 Oct 2, 2026 | $1.71B | — Model unavailable | |
| $21.43 Oct 2, 2026 | $4.19B | — 5-pillar · not comparable | |
| $34.47 Oct 2, 2026 | $6.46B | — 5-pillar · not comparable | |
| $33.27 Oct 2, 2026 | $6.90B | — 5-pillar · not comparable | |
| $5.20 Oct 2, 2026 | $6.93B | — 5-pillar · not comparable | |
| $9.96 Oct 2, 2026 | $7.05B | — 5-pillar · not comparable | |
| $11.11 Oct 2, 2026 | $8.77B | — 5-pillar · not comparable | |
| $26.97 Oct 2, 2026 | $2.90B | — 5-pillar · not comparable | |
| $6.55 Oct 2, 2026 | $2.87B | — 5-pillar · not comparable |
The comparison model is unavailable. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
What has been published about Montage Gold (MAUTF)?
Montage Gold Basic Materials Stock: Key Questions Answered
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last question is answered from this page's own dated data, not from the research.
What commodity price assumptions justify mining at the Koné Project?
The company has not publicly disclosed economic assumptions or a feasibility study. Without a published resource estimate or mining plan, any commodity price assumption is speculative. Exploration economics depend on grade, ore type, depth, and processing costs, all of which remain uncertain until drilling and metallurgical testing are complete.
Does Montage Gold have partnerships with larger mining companies?
No partnerships are disclosed in the available materials. Strategic partnerships are common in junior exploration, whereby larger mining companies fund drilling in exchange for an option to acquire the project. Absence of such a partnership suggests either that exploration results have not yet been strong enough to attract interest, or that negotiations are confidential and pending resolution.
What is the timeline for a mineral resource estimate or feasibility study?
No timeline is disclosed. The company is in early-stage drilling without a published resource estimate. Advancing to a preliminary economic assessment typically requires multi-year drilling campaigns and metallurgical testwork. Absent a discovery and capital infusion, no timeline is realistic given the current burn rate.
What happens if the company runs out of cash before a discovery?
The company would default on liabilities, face delisting or insolvency, and the concession would likely be abandoned unless a buyer or joint venture partner acquires it. Shareholders would receive minimal or no recovery. Exploration companies without discoveries operate at existential risk; the company's survival depends on raising capital before reserves are depleted.
What is the MAUTF stock price today?
The last price recorded on this page for Montage Gold Corp. (MAUTF) is $12.58, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Claude (claude-haiku-4-5) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (18 figures)
The 18 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 1 fact from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
id.hq | SEC filing business address | 885 West Georgia Street, Suite 2200, Vancouver, A1, V6C 3E8 | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "Four Bentall Centre, Vancouver, BC, V7X 1L2, CA". |
FMP — 15 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
px.last | Latest provided price | $12.58 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T08:35:02.978Z. | |
px.change | Change on the day | -1.93% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalization | $5.09B | FMP | Financial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-04. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | −$0.247 | FMP | Financial Modeling Prep (FMP) · quote | |
px.range52 | 52-week range | $4.46–$17.10 | FMP | Financial Modeling Prep (FMP) quote | |
px.volume | Shares traded on the day | 117.3K | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 2.18 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | Martino De Ciccio | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 177 | FMP | Financial Modeling Prep (FMP) company profile | |
fin.q_revenue | Revenue, Q2 FY2026 | $0 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY1970 through FY2025: FY1970 revenue $0.00, net result $0.00; FY2022 revenue $0.00, net result $0.00; FY2023 revenue $0.00, net result $0.00; FY2024 revenue $0.00, net result $0.00; FY2025 revenue $0.00, net result $0.00 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. The market-value ratio is undefined when the reported amount is zero. | |
fin.total_debt | Total debt | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 12.08× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. |
UNRECORDED — 2 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.ratios | Return and yield ratios (trailing twelve months) | ROE -25.3% · ROA -3.7% · current ratio 5.40 · earnings yield -0.9% · free-cash-flow yield -9.3% | — | UNRECORDED | Stored key metrics — Date unknown |
fin.scores | Distress and quality screens | Altman Z 4.80 · Piotroski F 1 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-03 · Expired observation |
- Published
- Research standards
- Methodology · Editorial policy · Corrections
- Report a number
- sedat@stockexpertai.com
Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | Montage Gold Corp. operates as a specialized firm dedicated to the exploration and advancement of valuable metal deposits. Its cornerstone holding is the Koné Gold Project, a vast concession encompassing 1,442 square kilometers situated in Côte d'Ivoire, West Africa. Established in 2019, the company conducts its primary business operations from Vancouver, Canada. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Sector / industry (provider taxonomy) | Basic Materials / Gold | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Cash runway cross-check (ours) | Years: 0.4; Method: cash and short-term investments of $158.6M at 2026-06-30 divided by the annualized rate at which operations and capital spending used cash ($366.9M per year); Reaches: 2026-11; Cash basis: cash and short-term investments; Cash: $158.60M; Annualized cash use: $366.90M Rate taken from operating cash flow less capital expenditure over the 8 most recent reported quarters, annualized.; Measured from operations, not from the change in the cash balance — a company that raised money during the window would otherwise appear to be burning less than it is.; Assumes that rate continues unchanged: it ignores announced cost reductions, financing already arranged and any change in spending.; Assumes the reported cash and short-term investments are realizable for funding operations; restrictions and timing of access are not established by these provider fields. Long-term investments are excluded.; It is a cross-check, not a forecast, and the company's own statement about its runway outranks it. | 2026-06-30 | COMPUTED | Computed from reported cash flow; assumptions stated |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Cash, investments and debt | Total debt: $64.42M; Liquidity basis: cash and short-term investments; Total liabilities: $848.17M; Cash and short-term investments: $158.57M; Cash and investments: $191.70M; Long-term investments: $33.14M; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash decline over the reported window | To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $158.60M; Decline: $34.30M; Opening balance: $192.90M; Average change per period: $4.90M Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length. | 2026-06-30 | COMPUTED | Computed from reported balances |
| Next earnings report | Date: 2026-11-12; EPS estimate: -$0.03375 per share The date is our provider's estimate until the company confirms it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
At most 0 analysts contributed — treat this as thin coverage, not a consensus. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Named officers | CEO: Martino De Ciccio; Officers: Martino De Ciccio — Title: CEO & Executive Director, Pay: $1.58M, Born: 1987; Constant Tia — Title: Chief Financial Officer, Pay: $895,134; Peder Olsen — Title: President & Chief Development Officer, Pay: $1.54M; Kathy Love — Title: Corporate Secretary; Silvia Bottero — Title: Executive Vice President of Exploration, Pay: $1.10M Titles and pay come from the company's proxy statement as our provider parsed it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $94.10M; Total debt: $64.40M; Cash and investments: $158.60M Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
Data provided for informational purposes only.