What are the projected cost overruns, if any, and how do they compare to the original budget?

Projected cost overruns: None. The company explicitly states that the Koné project is “on‑budget” and “well on‑schedule,” indicating that no additional expenditures beyond the original capital plan are expected.

Comparison to the original budget: Because the project remains within its initial cost framework, the actual spend is expected to match the original budget allocation. There is therefore no negative variance to factor into the valuation model, and the cash‑flow forecasts for the Koné mine stay intact.

Trading implications: The absence of cost overruns removes a common downside risk for a junior‑miner and supports a cleaner, more predictable earnings trajectory. With the project staying on‑budget and the company’s liquidity described as “robust,” the fundamentals are solid and the risk premium on MG may be overstated. Technicals on the stock have been relatively flat, but the news removes a fundamental drag, suggesting a bullish bias—a modest long‑position or a “buy‑on‑dip” if the price retraces toward the 20‑day moving average. Conversely, if the market has already priced in the on‑budget execution, the upside may be limited; in that case, a hold stance pending further catalysts (e.g., resource expansion or production updates) would be prudent.