Montage Gold Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	5,997	3,599	725	132	108	67
Market Cap Growth	452.26%	396.71%	450.59%	22.37%	59.97%	-30.32%
Enterprise Value	5,712	3,378	532	121	101	54
Last Close Price	16.46	9.88	2.08	0.71	0.67	0.64
PB Ratio	37.49	22.50	3.52	2.97	2.16	3.01
P/TBV Ratio	37.43	22.46	3.52	2.97	2.16	3.01
Debt / Equity Ratio	-	-	-	0.00	-	-
Net Debt / Equity Ratio	-1.78	-1.78	-0.81	-0.15	-0.17	-0.48
Net Debt / EBITDA Ratio	6.36	6.36	2.33	0.36	1.01	0.46
Net Debt / FCF Ratio	0.53	0.53	1.74	0.37	0.38	0.47
Quick Ratio	5.90	5.90	4.05	5.40	4.01	9.73
Current Ratio	5.99	5.99	4.09	5.77	4.31	10.24
Return on Equity (ROE)	-38.40%	-38.40%	-56.39%	-51.88%	-27.13%	-70.24%
Return on Assets (ROA)	-4.22%	-4.22%	-21.57%	-31.91%	-14.61%	-41.93%
Return on Capital Employed (ROCE)	-4.80%	-4.80%	-21.80%	-56.10%	-17.70%	-105.40%
Earnings Yield	-1.13%	-1.89%	-9.72%	-18.56%	-9.10%	-34.94%
FCF Yield	-8.97%	-14.94%	-13.18%	-13.52%	-21.39%	-33.89%
Buyback Yield / Dilution	-32.70%	-32.70%	-50.96%	-59.09%	-6.65%	-32.27%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.