Agoracom Blog

FEATURE: Monarques Gold $ – A PRODUCER With $10.3M In Quarterly Revenues $ $

Posted by AGORACOM-JC at 4:09 PM on Thursday, April 19th, 2018

Monarquesgold hub large


Why Monarques Gold?

  • A gold producer with the Beaufor Mine
  • $10.3M in revenues last quarter
  • large portfolio of mining assets, including the Beaufor Mine, two mills (Camflo and Beacon), two advanced projects (Wasamac and Croinor Gold) and eight exploration projects covering more than 240 km2 in the Abitibi region.
  • Upside potential and leverage to the gold price with the Wasamac project.
  • NI 43-101 proven and probable reserves of 162,790 ounces of gold, measured and indicated resources of 1.76 million ounces and inferred resources of 1.67 million ounces
  • Over 150 highly experienced, qualified employees will join the Monarques team.
  • Strong financial position, with cash of $18.2 million

Q2 (Dec 31) Highlights

Beaufor Mine

  • Production and sale of 5,444 ounces of gold in the second quarter, a 62% increase over the 3,380 ounces produced in the prior quarter by the previous owner and a 16% increase over the quarterly average of 4,715 ounces produced during the prior nine-month period.
  • Average selling price of $1,583 (US $1,245) per ounce sold.
  • Production cash cost of $1,338 (US $1,052) per ounce sold, down 31% from $1,929 (US $1,540) in the prior quarter under the previous owner.
  • All-in sustaining cost for Beaufor/Camflo of $1,525 (US $1,199) per ounce sold, down 39% from $2,491 (US $1,989) in the prior quarter under the previous owner.

Tags: , , ,

Comments are closed.