Monarch Mining Corp.

Monarch Mining Corp. announces that it has entered into binding agreements for the sale of its Beaufor, McKenzie Break and Swanson properties . The Transactions are the culmination of the Corporation's previously announced court-approved sale and investment solicitation process carried out by PricewaterhouseCoopers Inc. in its capacity as Monitor [...]

Monarch Mining Corp. announces that Investissement Québec , one of its creditors, has filed an application with the Superior Court of Quebec under the Companies' Creditors Arrangement Act to place the Corporation under the protection of the CCAA. The Court has issued an initial order today under the CCAA in relation to the Corporation [...]

The following issues have been halted by CIRO: Company: Monarch Mining Corp., TSX Symbol: GBAR. CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees [...]

Monarch Mining Corp. announces that Investissement Québec, one of its creditors, has filed a request pursuant to the Companies' Creditors Arrangement Act with the Quebec Superior Court to place the Corporation under the protection of the CCAA. Further updates and details will be provided as appropriate. About Monarch Monarch Mining Corp. is a gold [...]

Monarch Mining Corp. announces that Investissement Québec , one of its creditors, has served the Corporation a prior notice of exercise of a hypothecary right, in accordance with the loans it has granted Monarch, which are secured by a hypothec encumbering all the present and future, tangible and intangible assets, movable and immovable of the [...]

MONTRÉAL, Sept. 28, 2023 -- Monarch Mining Corp. reported its results today for the fourth quarter and year ended June 30, 2023. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results Three months ended June 30 Year ended June 30 2023 2022 2023 2022 Revenues 2,543,471 - 5,093,466 - Cost of sales - - Revenue from [...]

Monarch Mining Corp. announces the closing of the sale of its 100% interest in the Croinor gold property to Probe Gold Inc., as disclosed in its press release dated July 13, 2023. About Monarch Monarch Mining Corp. is a gold mining company that owns three projects, including the Beaufor Mine, which is currently on care and maintenance and has [...]

Monarch Mining Corp. has entered into a royalty buyback option agreement with Gold Royalty Corp. regarding the McKenzie Break, Swanson and Croinor properties . Monarch will have the right, exercisable for a period of 24 months, to repurchase up to a 1% NSR for each of the McKenzie Break royalty, Swanson royalty and Croinor royalty for the [...]

Monarch Mining Corp. announces that it has entered into an agreement to sell its 100% interest in the Croinor gold property to Probe Gold Inc. for $4.5 million in cash and common shares of Probe. More precisely, to acquire the 100% interest in the Property, Probe will: Make a cash payment of $2,000,000 to Monarch at the closing of the transaction [...]

Monarch reports gold assays for the remaining 16 drill holes of its 2022 McKenzie Break drilling program. Hole MK-22-349 intersects 1.26 g/t Au over 23.6 m, followed by another broad zone 47 metres down the hole with 1.41 g/t Au over 17.3 m. This drill hole is located approximately 35 metres beyond the southeast limit of the pit shell defined in [...]