Montage Gold Past Earnings Performance
Past criteria checks 0/6
Montage Gold's earnings have been declining at an average annual rate of -37.1%, while the Metals and Mining industry saw earnings growing at 21% annually.
Key information
-37.10%
Earnings growth rate
-2.86%
EPS growth rate
| Metals and Mining Industry Growth | 27.39% |
| Revenue growth rate | n/a |
| Return on equity | -30.53% |
| Net Margin | n/a |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Valuation Update (June 2026)
FCF Multiple Model at US$6,000/oz and US$7,000/oz Gold This is a simplified upside model. It is not company guidance.Montage Gold (TSX:MAU) Stock Could Be 60% Below Fair Value After Koné Resource Update
Montage Gold (TSX:MAU) is back in focus after reporting a major update on its Koné gold project in Côte d’Ivoire, with higher grade satellite deposits and construction progress ahead of schedule attracting investor attention. See our latest analysis for Montage Gold. The Koné update comes after a powerful run for Montage Gold, with a 1-year total shareholder return of 282.39% and a year-to-date share price return of 78.22%. This signals strong positive momentum around the project’s progress...We Think Montage Gold (TSE:MAU) Needs To Drive Business Growth Carefully
We can readily understand why investors are attracted to unprofitable companies. By way of example, Montage Gold...Is Montage Gold (CVE:MAU) In A Good Position To Invest In Growth?
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...Companies Like Montage Gold (CVE:MAU) Could Be Quite Risky
Just because a business does not make any money, does not mean that the stock will go down. For example, although...We Think Montage Gold (CVE:MAU) Needs To Drive Business Growth Carefully
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...We're Not Worried About Montage Gold's (CVE:MAU) Cash Burn
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...Revenue & Expenses Breakdown
How Montage Gold makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 0 | -33 | 32 | 0 |
| 31 Dec 25 | 0 | -50 | 33 | 0 |
| 30 Sep 25 | 0 | -69 | 51 | 0 |
| 30 Jun 25 | 0 | -77 | 57 | 0 |
| 31 Mar 25 | 0 | -70 | 55 | 0 |
| 31 Dec 24 | 0 | -49 | 50 | 0 |
| 30 Sep 24 | 0 | -31 | 27 | 0 |
| 30 Jun 24 | 0 | -22 | 17 | 0 |
| 31 Mar 24 | 0 | -18 | 14 | 0 |
| 31 Dec 23 | 0 | -18 | 14 | 0 |
| 30 Sep 23 | 0 | -13 | 13 | 0 |
| 30 Jun 23 | 0 | -13 | 12 | 0 |
| 31 Mar 23 | 0 | -10 | 9 | 0 |
| 31 Dec 22 | 0 | -7 | 7 | 0 |
| 30 Sep 22 | 0 | -7 | 7 | 0 |
| 30 Jun 22 | 0 | -8 | 8 | 0 |
| 31 Mar 22 | 0 | -14 | 14 | 0 |
| 31 Dec 21 | 0 | -19 | 19 | 0 |
| 30 Sep 21 | 0 | -20 | 19 | 0 |
| 30 Jun 21 | 0 | -19 | 19 | 0 |
| 31 Mar 21 | 0 | -13 | 13 | 0 |
| 31 Dec 20 | 0 | -8 | 8 | 0 |
| 30 Sep 20 | 0 | -5 | 6 | 0 |
| 30 Jun 20 | 0 | -4 | 5 | 0 |
| 31 Mar 20 | 0 | -4 | 4 | 0 |
| 31 Dec 19 | 0 | -4 | 4 | 0 |
Quality Earnings: MAU is currently unprofitable.
Growing Profit Margin: MAU is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MAU is unprofitable, and losses have increased over the past 5 years at a rate of 37.1% per year.
Accelerating Growth: Unable to compare MAU's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MAU is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (129.4%).
Return on Equity
High ROE: MAU has a negative Return on Equity (-30.53%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 12:38 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Montage Gold Corp. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bereket Berhe | Beacon Securities Limited |
| Matthew Murphy | BMO Capital Markets Equity Research |
| Brian Quast | BMO Capital Markets Equity Research |