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Cover for Montage Gold's $825 Million Financing Breakthrough

Montage Gold's $825 Million Financing Breakthrough

November 04, 2024
  • Company
Mining Stock Daily
By Mining Stock Daily
Mining Stock Daily

Martino De Ciccio, CEO of Montage Gold, discusses the company's recent $825 million financing package for the Kone project in Cote d'Ivoire. The financing structure is unique, primarily involving gold streams and loans, with minimal equity dilution. Martino elaborates on the strategic decisions behind this financing, the exploration plans for new deposits, and the implementation of a revenue protection program through put options to secure margins. The discussion highlights the company's proactive approach to capital allocation and risk management in the mining sector.

Mining Stock Daily
Mining Stock Daily
Mining Stock Daily is a news-style briefing delivering the day's most important information out of the junior mining and mineral exploration sector. Content is published throughout the world on a dozen different platforms.
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