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Montage Gold

MAU.TO
Gold · Basic Materials
Also trades as: MAUTF
Exchange
Toronto Stock Exchange
Winston Score
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We couldn’t gather enough financial data to score this stock reliably.

Winston Score History

The full picture

Montage Gold Corp. is a Canadian gold mining company focused on developing a large gold project in Côte d'Ivoire, West Africa. Its main asset is the Koné Gold Project, one of the largest undeveloped gold deposits in West Africa. The company is in the development stage, meaning it is not yet producing gold and is still building toward its first mine.

Montage Gold does not currently generate revenue from gold sales, which explains the zero margins shown above. The company raises money through equity financing to fund construction and development costs. Its competitive position depends heavily on the size and quality of the Koné deposit, which is large enough to potentially support a long-life, low-cost mine. The key growth driver is successfully completing construction and reaching commercial gold production, while the main risk is the significant capital required to build the mine and the political and operational challenges of operating in West Africa.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-88.3% YoY

YoY Growth Rate

Earnings declining

Insider Activity

22.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~4 months

C$192M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Montage Gold has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-9.4%
Weak — -9.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.15
Conservative — low debt load (0.15)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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