The Globe and Mail reports in its Tuesday, Sept. 29, edition that Canaccord Genuity analyst Carey MacRury has upgraded Montage Gold to "buy" from "speculative buy" to reflect "the transition from developer to producer following the company's announcement of the first gold pour at its Kone mine in the Ivory Coast. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacRury advanced his share target by $1.50 to $22.50. Analysts on average target the shares at $21.19. Mr. MacRury says in a note: "On Sept. 26, the Kone mine achieved its first gold pour on budget and ahead of its guidance for late 2026 and initial schedule of Q2/27, an impressive feat in less than two years. The oxide circuit now shifts from commissioning to ramp-up, with commercial production expected in Q4/26. The hard rock comminution circuit is on track and on budget for completion in Q2/27. Results from the company's ongoing 130,000-metre drilling program at Kone are expected in Q4/26, with Montage targeting a life-of-mine plan update alongside its year-end 2026 reserves and resources." The Globe reported on May 15 Mr. MacRury continued to rank Montage Gold "speculative buy." It was then worth $14.93.