Welcome to Montage Gold Corp’s Exciting Financing News!

Montage Gold Corp secures US$825m financing package

Great news! Montage Gold Corp has recently secured a US$825m financing package from strategic partners Wheaton Precious Metals and Zijin Mining. This funding will be used to build the Koné project in Côte d’Ivoire, increasing Montage’s liquidity sources to US$968m inclusive of cash on hand.

As part of the financing package, Wheaton Precious Metals will provide a US$625m gold stream and a US$75m loan facility. This means Montage retains significant exploration upside, as the stream is limited to the Koné and Gbongogo deposits plus a 500-meter boundary and an expanded area of interest until certain dropdown thresholds are met.

What’s even more exciting is that Montage can reduce the stream deliveries to nil by supplementing scheduled deliveries with ounces produced from outside of the Koné and Gbongogo deposits, following the delivery of an agreed minimum number of ounces. This provides Montage with the flexibility to accelerate its deleveraging and participate in the upside in the gold price, as the production payment is based on a gold price sliding scale for the first 5 years, with a minimum transfer price of 20% at a gold price above US$2,100/oz.

Additionally, strategic shareholder Zijin Mining has demonstrated further support for the advancement of the Koné project by providing Montage with US$125m of funding sources, including a US$50m loan facility and a US$75m fully redeemable subordinated gold stream.

How will this affect me?

As an individual investor or stakeholder, this exciting financing news from Montage Gold Corp could potentially have a positive impact on your investments. With the increased liquidity and funding sources, Montage is poised for growth and success, which could lead to potential returns for investors like yourself. Keep an eye on Montage’s progress and developments to see how this financing package unfolds.

How will this affect the world?

On a larger scale, Montage Gold Corp securing a US$825m financing package from strategic partners signifies confidence and support in the mining industry. This investment not only boosts Montage’s operations but also contributes to economic growth and development in Côte d’Ivoire. The successful build of the Koné project could create job opportunities, stimulate local economies, and potentially drive further investments in the region.

Conclusion

In conclusion, Montage Gold Corp’s recent financing news is a significant milestone for the company and the mining industry as a whole. With the support of strategic partners like Wheaton Precious Metals and Zijin Mining, Montage is well-positioned for growth and success. Investors can look forward to potential returns, while the world can benefit from the positive impact this development may have on the local economy and community in Côte d’Ivoire.