After taking the reins of Montage Gold (TSXV: MAU; US-OTC: MAUTF) in February, CEO Martino De Ciccio is working to realize his vision of recreate a multi-asset Africa-focused gold miner like Endeavour Gold (TSX: EDV; LSE: EDV; US-OTC: EDVMF), starting with the Koné project in Ivory Coast.
“Our goal is to be able to assemble a project pipeline,” De Ciccio told The Northern Miner’s western editor, Henry Lazenby, during the Prospectors and Developers Association of Canada convention in Toronto in March.
He says Koné is an ideal starter project given its long life span of 16 years with a production profile of 300,000 oz. gold per year for the first eight years. He emphasizes the project’s below-industry average cost, with an all-sustaining cost of roughly US$1,000 per oz., and significant exploration potential.
De Ciccio says Montage’s strategy involves advancing grade control in the main deposit and expanding the resource base by adding better-grade satellite deposits as the team approaches construction and financing.
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