Montage Gold is consolidating its mining empire in Côte d’Ivoire with the acquisition of African Gold

Canadian company Montage Gold is nearing the completion of its $170 million acquisition of Australian firm African Gold Limited. This strategic move will enable the emerging producer to significantly strengthen its portfolio in Côte d’Ivoire, notably through the advanced Didievi gold project.

On Monday 13 April 2026, African Gold announced that it had secured shareholder approval for the transaction. Montage Gold, which had already held a 17.3% stake in the target company following a strategic investment in March 2025, had entered into a definitive agreement in November 2025 to acquire the remaining shares.

The operation, structured as scheme of arrangement (restructuring plan) approved by an Australian court, follows a specific timetable:

Through this acquisition, Montage Gold will add the Didievi project to its portfolio, which holds mineral resources estimated at approximately 989,000 ounces of gold. This is in addition to the Konahiri and Agboville exploration licences. The Canadian group already owns the Wendé project, where an exploration programme is scheduled for 2026.

This consolidation comes as Montage Gold finalises construction of its future Koné mine, which is scheduled to come on stream in 2026 with an initial production rate of over 300,000 ounces of gold per year. The acquisition forms part of a clear strategy to expand and establish a leading gold producer in Côte d’Ivoire.

“We are delighted to have secured new exploration licences in Côte d’Ivoire. […] The recent acquisition of African Gold will add the Didievi project, which is currently in the resource assessment phase and is expected to drive short-term growth,” said Martino De Ciccio, CEO of Montage Gold, in December 2025.

For Côte d’Ivoire, which aims to increase its national gold production to 100 tonnes per year by the end of the decade (up from 58 tonnes in 2024), this operation highlights the mining sector’s enduring appeal and the strong momentum of investment in the exploration and development of new projects.

The completion of this acquisition should enable Montage Gold to accelerate the development of Didievi whilst consolidating its position in one of the most promising countries in the West African gold sector.