The Beaufor Mine technical report shows an estimated Measured Mineral Resource of 328,500 tonnes grading at 5.7 g/t Au for a total of 59,900 ounces of gold and an estimated Indicated Mineral Resource of 956,400 tonnes grading at 5.2 g/t Au for a total of 159,300 ounces, a significant increase compared to the previous mineral resource estimate [...]
The Beaufor Mine technical report shows an estimated Measured Mineral Resource of 328,500 tonnes grading at 5.7 g/t Au for a total of 59,900 ounces of gold and an estimated Indicated Mineral Resource of 956,400 tonnes grading at 5.2 g/t Au for a total of 159,300 ounces, a significant increase compared to the previous mineral resource estimate [...]
Monarch Mining Corp. is pleased to announce the closing on August 13, 2021, of the previously announced $13.5 million senior secured term loan agreement with Investissement Qu?bec . The Loan has a three-year term and bears interest at an annual rate of 6% until the restart of the Beaufor Mine and Beacon Mill, 5% during the first year of production [...]
Gold Royalty Corp. is pleased to announce that, further to its news release dated July 23, 2021, it has completed the acquisition of five gold royalty interests on properties managed by Monarch Mining Corp. . The royalty interests acquired consist of: a C$2.50 per tonne royalty on material processed through Monarch's Beacon mill originating from [...]
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 for cash proceeds of $11.25 million : a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine [...]
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 for cash proceeds of $11.25 million : a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine [...]
Three-year term loan agreement with a maximum annual interest rate of 6% to restart the Beaufor Mine and the Beacon Mill. Monarch continues to strengthen its financial position, with over $43 million in cash and cash equivalents. MONTREAL, Aug. 03, 2021 -- Monarch Mining Corp. is pleased to announce that it has entered into a $13.5 million senior [...]
Three-year term loan agreement with a maximum annual interest rate of 6% to restart the Beaufor Mine and the Beacon Mill Monarch continues to strengthen its financial position, with over $43 million in cash and cash equivalents Monarch Mining Corp. is pleased to announce that it has entered into a $13.5 million senior secured term loan agreement [...]
Beaufor Mine now contains an estimated Measured Mineral Resource of 328,500 tonnes grading at 5.7 g/t Au for a total of 59,900 ounces of gold and an estimated Indicated Mineral Resource of 956,400 tonnes grading at 5.2 g/t Au for a total of 159,300 ounces, a significant increase compared to the previous mineral resource estimate . Inferred resource [...]
Beaufor Mine now contains an estimated Measured Mineral Resource of 328,500 tonnes grading at 5.7 g/t Au for a total of 59,900 ounces of gold and an estimated Indicated Mineral Resource of 956,400 tonnes grading at 5.2 g/t Au for a total of 159,300 ounces, a significant increase compared to the previous mineral resource estimate . Inferred resource [...]
Transaction aimed at strengthening Monarch's balance sheet in preparation for the Beaufor mine and Beacon mill reopening Non-dilutive financing to increase Monarch's cash and cash equivalent position to approximately $30 million MONTREAL, July 23, 2021 -- Monarch Mining Corp. is pleased to announce that it has entered into a definitive agreement [...]
Near-mine underground exploration drilling yields multiple high-grade gold intersections. High-grade results include 119.0 g/t Au over 0.5 m, 56.1 g/t Au over 0.8 m and 45.6 g/t Au over 0.75 m. The 42,500-metre drilling program is ongoing, with four drills underground and one on surface. Monarch has initiated exploration drilling testing the area [...]
