Closing of a $5,419,800 private placement with Yamana Gold , Alamos Gold and other investors . Yamana Gold will be entitled to participate in future financings to maintain its interest in the Corporation and will be represented on the Board of Directors of Monarch. Monarch Gold Corp. is pleased to announce the closing of a $5,419,800 private [...]
Monarch Gold Corp. is pleased to announce the closing of the sale of the Fayolle property to IAMGOLD Corporation for a total consideration of $11.5 million. IAMGOLD issued 1,851,145 common shares to Monarch at a price of $5.24 per share for a total value of $9.7 million and will pay an additional $0.3 million in cash upon transfer of ownership of a [...]
Monarch Gold Corp. is pleased to announce that it has entered into an agreement for the sale of the Fayolle property to IAMGOLD Corporation . The Fayolle property consists of 39 mineral claims covering an area of 1,373 hectares in Aiguebelle and Cléricy townships, approximately 35 km northeast of Rouyn-Noranda, Quebec. In order to acquire the [...]
Study clearly shows that the Wasamac tailings are non-potentially acid generating . Wasamac tailings could also lower the acidity at tailings sites of neighbouring mills . Combined effect could improve the project's economic parameters and support the lower-CAPEX custom milling scenario. Monarch Gold Corp. is pleased to announce the results of a [...]
Monarch Gold Corp. explains yesterday's record volume due to the sale of the 15,849,455 shares held by Nemaska Lithium in connection with its ongoing restructuring process under the Companies' Creditors Arrangement Act . Nemaska no longer holds any Monarch shares. "When Nemaska began its restructuring process, we suspected that this block would be [...]
Monarch Gold Corp. is pleased to announce that it has entered into a memorandum of understanding with Glencore Canada Corporation in connection with the potential use of Glencore's Kidd concentrator in Timmins, Ontario for the treatment of ore to be mined from Monarch's Wasamac gold property located in the Province of Québec. Here's a summary of [...]
MONTREAL, May 13, 2020 /CNW Telbec/ - Monarch Gold Corp. reported its results today for the third quarter ended March 31, 2020. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results THREE MONTHS ENDED MARCH 31 NINE MONTHS ENDED MARCH 31 2020 2019 2020 2019 Revenues 1,058,947 5,114,247 6,662,488 24,303,607 Gross [...]
The follow-up program on McKenzie Break will target lateral and depth extensions of hole MK?19?250, which returned 10.50 g/t Au over 11 metres, including 156.00 g/t Au over 0.6 metres, and the eastern extension of hole MK-19-249, which returned 5.28 g/t Au over 13.70 metres, including 58.17 g/t Au over 0.6 metres. Best results from the 2018 and [...]
The Corporation will undertake an extensive 42,500-metre drilling program on Beaufor. Monarch will incorporate artificial intelligence technologies to optimize target selection for its next drilling program using advanced analytics. The ultimate goal is to restart gold production at the Beaufor mine within 12 to 18 months to take advantage of the [...]
Hole FA-19-121 returned 3.33 g/t Au over 109.0 metres , including 10.27 g/t Au over 7.0 metres, 9.14 g/t Au over 6.0 metres, 7.68 g/t Au over 5.0 metres, 7.50 g/t Au over 8.0 metres, and 6.80 g/t Au over 4.9 metres. The lower portion of the interval assayed 3.33 g/t Au over 32.9 metres immediately below the current planned constrained pit outline [...]
Ms. Daigle will also serve as the chair of the audit committee. Monarch Gold Corp. is pleased to announce the appointment of Guylaine Daigle, CPA CA, as a director of the Corporation and Chair of the audit committee. Guylaine Daigle has over 25 years of experience in financial management, primarily in the mining industry. Ms. Daigle has been Vice [...]
Monarch Gold Corp. is pleased to announce that it has completed the previously announced sale of its Monique property to Probe Metals Inc. . As consideration for the property, Probe issued 1,275,510 common shares to Monarch for a total value of $1.5 million based on a 30-day volume weighted average price of $1.176 per share on the TSX Venture [...]
