The Globe and Mail reports in its Thursday, April 2, edition that ATB Cormark Capital Markets analyst Nicolas Dion has reaffirmed his "outperform" recommendation for Montage Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dion gave his share target a $1.50 boost to $18. Analysts on average target the shares at $15.80. Mr. Dion's share price upgrade came in response to an updated resource estimate for its Kone project. He says in a note: "Once built, Montage Gold's Kone mine will be among the largest and lowest-cost gold mines in West Africa. We model a 19-year mine life producing over more than 300,000 oz/yr in the first 11 at a less than $1,400/oz AISC (mine-level). Montage has the stated goal of building a multi-asset West African producer, with Kone as the foundational asset and a growing portfolio of development/exploration projects and equity toeholds. We see the potential for Didievi to be constructed after the completion of Kone, adding a second development project to Montage's pipeline where it could redeploy its construction team. The company is backed strategically by the Lundin family and Zijin."