Monarch Mining is pleased to announce the second set of results from its 2021-2022 drilling program on its wholly-owned Swanson gold project. The Swanson property comprises a contiguous group of 127 map-designated claims and one mining lease covering an area of 5,125.8 ha. The project is also located 50 kilometres north of Monarch’s wholly owned [...]
Monarch Mining is pleased to announce the appointment of Benoit Desormeaux as a director of the Corporation effective immediately. Benoit Desormeaux is a seasoned mining executive with over 12 years of board experience, including as audit committee chair, with public and private companies and charitable organizations. He is also a proven mining [...]
Monarch Mining is pleased to provide an update on the recommissioning of its wholly-owned Beaufor Mine and Beacon Mill, located east of Val‑d’Or. After investing about $20 million to refurbish the Beacon Mill, the Corporation began processing waste rock and fine-tuning the mill about six weeks ago. Monarch has also been mining ore at the Beaufor [...]
Monarch Mining is pleased to announce additional results from its 2021-2022 underground drilling program on its wholly-owned Beaufor Mine gold project, located 20 km east of Val-d’Or. The recently received results are from the Q Zone located in the lower level of the Beaufor mine, and include 122.0 g/t Au over 1.4 m, 20.74 g/t Au over 3.3 m, 83.2 [...]
Monarch Mining is pleased to report the results for the last 13 holes of its 2021 drilling program on the McKenzie Break deposit, located 25 km north of the Corp’s wholly owned 750 tonne-per-day Beacon mill. The 2021 drilling program consisted of 54 holes for a total of 18,632 m. Earlier results were reported on December 2, 2021, October 20, 2021 [...]
Monarch Mining is pleased to announce the appointment of Renaud Adams as a director of the Corporation effective June 30, 2022. Mr. Adams will replace Christian Pichette, who is retiring from his position of director. “I would like to welcome Renaud Adams to Monarch’s Board of Directors on the Board’s behalf,” said Michel Bouchard, Chairman of the [...]
Monarch Mining reported its results today for the third quarter ended March 31, 2022. "Everything is set for the gradual recommissioning of the Beaufor mine,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “We have continued to lay the groundwork for recommissioning, which we completed in the third quarter at the Beaufor [...]
Monarch Mining Corp. is pleased to announce the closing of the previously announced transaction with Gold Royalty Corp. whereby Gold Royalty has acquired the following royalty interests from Monarch and eliminated the following buybacks for cash proceeds of C$4.5 million : an additional C$1.25 per tonne royalty on all material processed through the [...]
Monarch Mining Corp. is pleased to announce that it has closed its previously announced private placement for aggregate gross proceeds of C$14,400,000 . The Offering was conducted on a "best efforts" private placement basis pursuant to the terms and conditions of an agency agreement entered into among the Corporation, and Stifel GMP and Sprott [...]
Monarch receives high-grade assay results from its first seven drill holes on Swanson, with 27.79 g/t Au over 10.18 m, including 184.5 g/t Au over 1.5 m and 2.63 g/t Au over 18.52 m, including 29.4 g/t Au over 1.2 m . These high-grade results are outside and below the current pit shell, at a maximum vertical depth of 195 metres. Holes SW-22-008 and [...]
Monarch Mining Corp. is pleased to announce that it has entered into an agreement with Gold Royalty Corp. regarding a combination of royalty sales and buyback eliminations, including the sale of an additional C$1.25 per tonne royalty on the Beacon Mill, the sale of an additional 0.25% net smelter return royalty and the elimination of the 1.25 [...]
Gold Royalty Corp. is pleased to announce that it has entered into a definitive agreement with Monarch Mining Corp. to provide C$4.5 million in additional royalty financing by increasing the size of the Company's existing gold royalty interests. Gold Royalty will provide a further C$1.0 million in financing by participating in Monarch's C$12.0 [...]