The Globe and Maii reports in its Tuesday, Nov. 25, edition that Stifel analyst Cole McGill has reaffirmed his "buy" recommendation for Montage Gold. The Globe's David Leeder writes that Mr. McGill gave his share target a 25-cent boost $9.25. Analysts on average target the shares at $8.98. Mr. McGill says in a note: "We recently visited Montage's Kone project, with our main takeaways as follows: i) impressive construction progress on site with strong potential to pull forward production versus 2Q27 guide via early oxide production and a highly experienced construction team, which would lower peak funding/working capital requirements and increasing leverage to current gold price, and ii) fed by the Kone 5MMoz engine, strong district scale upside, unlocked by an exploration team laser focused on discovering grade (Petit Yao) across one of the largest contiguous land packages in West Africa, hosting 72km of prospective structure. Led by an ex-EDV [Endeavour Mining] team with significant in country experience and backed by the right register, we think the current gold price accentuates Kone as a company builder, with a string of strategic transactions year-to-date intimating the currently viewed Kone is just the start."
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