Montage boosts Koné gold grade by 20% in Africa
- •It brings the total M&I resources to 4.63 million ounces, which is huge.
- •I've been watching MAU for a bit, but haven't pulled the trigger yet.
- •With the gold price hovering around all-time highs, these kinds of increases in high-quality ounces really stand out to me.
Hey everyone, just read this article about Montage Gold (MAU.V) increasing the grade at their Koné gold project by 20% and wanted to share it with you all: https://www.mining.com/montage-boosts-kone-gold-grade-by-20-in-africa/
My first thought was, a 20% grade increase on a project already over 4.5 million ounces is pretty significant, especially in this gold environment! It brings the total M&I resources to 4.63 million ounces, which is huge. I've been watching MAU for a bit, but haven't pulled the trigger yet. With the gold price hovering around all-time highs, these kinds of increases in high-quality ounces really stand out to me. Lower grade deposits can still be profitable, but better grades usually mean better margins and less capital intensity in the long run. I'm always looking for ways to de-risk my portfolio, especially as I get closer to thinking seriously about retirement, and higher-grade projects often fit that bill.
I'm curious to hear what you all think. Does this move the needle for you on Montage? Are you invested already, or is this making you take a closer look like me? What other gold juniors are on your radar with similar improvements?