MQR: TSX-V
Why Monarques Gold?
- A gold producer with the Beaufor Mine (gold production of 19,562 ounces in 2016; source Richmont 2016 annual report) located in one of the best mining jurisdictions in Canada.
- A 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
Q4 Highlights (June 30th)
- Monarques produced 4,695 ounces of gold in its fourth quarter
- Recorded revenues of $10.0 million in the fourth quarter, from the sale of 4,589 ounces of gold at an average price of $1,609 per ounce (US $1,246), combined with revenue from custom milling, which was up 31% for the quarter.
- Reported an initial set of results for its 2018 drilling program at the Beaufor Mine. The results were for nine holes totalling 2,047 metres of drilling on the QF1 and 1700 projects (see press release dated July 17, 2018).
FULL DISCLOSURE: Monarques Gold Corp. is an advertising client of AGORA Internet Relations Corp.
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