Montage Gold Corp.

MAU.TOTSXBasic Materials● Active

$14.61

+$0.16(+1.11%)

Market Cap$5.3B

P/E Ratio—

52W High$17.3

52W Low$4.2

Avg Volume1.3M

Open$14.60

Beta2.14

Free Cash Flow Financials Revenue

Montage Gold Corp. (MAU.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MAU.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

MAU.TO · FCF · TTM · margin & CAGR

Free cash flow was −$395.6M for FY2025 (fiscal year ending 2025-12-31), down 329.6% year-over-year

FY2025 Free Cash Flow−$395.6M▼ -329.6% YoY

Trailing 12M (TTM)−$473.6Mtrailing 4 quarters sum

FCF Margin——

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MAU.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$35.2M(360M)−$395.6M▼ 329.6%—

FY2024−$45.8M(46M)−$92.1M▼ 417.5%—

FY2023−$17.4M(0M)−$17.8M▼ 117.5%—

FY2022−$7.9M(0M)−$8.2M▲ +64.1%—

FY2021−$22.6M(0M)−$22.8M▼ 142.7%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MAU.TO · P/FCF · FCF yield · FCF per share

Montage Gold Corp. (MAU.TO) reported negative free cash flow of −$0.40B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MAU.TO · cash flow statement · operating / investing / financing

For FY2025, Montage Gold Corp. generated −$35.2M in operating cash flow and spent 360M in capital expenditures, yielding −$395.6M in free cash flow.

Operating Activities

−$35.2M

Cash from core business operations

2025-12-31

Investing Activities

−$360.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$473.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$35.2M) − |CapEx| (360M) = FCF (−$395.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

MAU.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Montage Gold Corp.YOU

MAU.TO

−$395.6M-329.6%—

Loss

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Montage Gold Corp. (MAU.TO) reported free cash flow of −$395.6M for FY2025 (fiscal year ending 2025-12-31), down 329.6% year-over-year.

Montage Gold Corp. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 8 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MAU.TO free cash flow · 8 questions

Montage Gold Corp. free cash flow was −$395.6M for FY2025, down 329.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$473.6M.

MAU.TO free cash flowMAU.TO FCFMAU.TO FCF 2025MAU.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Montage Gold Corp. · Montage Gold Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026