Monarch Mining Corp. is pleased to announce that it has received shareholder approval by written resolution for the private placement announced on March 16, 2022. The terms of the private placement, as announced in the March 16 press releases, and the process for obtaining shareholder approval are described below. The Corporation intends to [...]
Monarch has received additional high-grade assays from its 2021 underground drilling program, which include 19.05 g/t Au over 6.8 m, including 12.56 g/t Au over 1.4 m and 54.68 g/t Au over 2.0 m These results are from the underground drilling program currently being carried out in the lower part of the mine. The "Q Zone" was mined most recently in [...]
Monarch Mining is pleased to announce that as a result of the demand for its previously announced financing, it has entered into an amended agreement pursuant to which Stifel GMP and Sprott Capital Partners LP, as co-lead agents and joint bookrunners on behalf of a syndicate of agents including Desjardins Securities Inc. and Laurentian Bank [...]
Monarch Mining is pleased to announce that it has entered into an agreement with Stifel GMP and Sprott Capital Partners LP, as co-lead agents and joint bookrunners on behalf of a syndicate of Agents, in connection with a proposed best efforts private placement marketed offering of units of the Company for aggregate gross proceeds to the Company of [...]
Monarch Mining Corp. is pleased to announce the signing of an amendment to the agreement regarding the 1% net smelter return royalty on gold production from the Beaufor Mine owned by Metalla Royalty & Streaming Ltd. In consideration for a US$1 million cash payment to Monarch, the clause stipulating that the Royalty will be exempt until 100,000 [...]
Monarch has received additional assays from its 2021 underground drilling program, which include high-grade intersections of 52.19 g/t Au over 2.1 m, 44.9 g/t Au over 1.4 m, 16.97 g/t Au over 3.6 m and 57.0 g/t Au over 0.8 m. The underground drilling program included 3,656 metres of drilling in 34 holes for which assays were still pending. The 2021 [...]
Monarch Mining Corp. reported its results today for the second quarter ended December 31, 2021. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results Quarter ended December 31, 2021 Six months ended December 31, 2021 Administrative expenses Exploration expenses Gain on disposal of assets - 7,690,483 Deferred [...]
Monarch Mining Corp. is pleased to announce that it has entered into an agreement with Triple Flag Precious Metals Corp. whereby Triple Flag will acquire an additional 0.75% net smelter return royalty on gold production at the Beaufor Mine for cash consideration of $4.5 million. This transaction follows the acquisition announced this morning by [...]
Monarch Mining Corp. is pleased to announce that it has received a final cash payment of $3.75 million from Gold Royalty Corp. in connection with the sale of royalties on the Beacon, Croinor Gold, McKenzie Break and Swanson properties . "These funds will further strengthen our working capital in preparation for the restart of the Beaufor Mine and [...]
Monarch has received the final assays from its 2021 surface drilling program, which include high-grade intersections of 99.7 g/t Au over 0.6 m, 33.1 g/t Au over 0.5 m, 29.9 g/t Au over 0.7 m and 28.0 g/t Au over 0.6 m. These positive surface drilling results continue to define reserves and potentially mineable stopes near surface in the area of the [...]
Monarch Mining Corp. announces that it has received a final receipt for the final short form base shelf prospectus filed with the securities regulatory authorities in all the provinces of Canada . Monarch will be able to offer for sale and issue common shares , debt securities, subscription receipts, warrants and units of the Corporation , or any [...]
Monarch Mining Corp. is pleased to announce that it has completed the accreditation process and been officially granted the Concilivi Seal by the Concilivi decision committee, for its work-life balance best practices. Monarch, a supportive organization Monarch launched the process of obtaining the Concilivi Seal in September 2021. Over the past few [...]
