Agoracom Blog Home

Archive for the ‘Monarques Gold’ Category

Monarques Gold Corporation $MQR.ca Opens the Market

Posted by AGORACOM-JC at 10:48 AM on Friday, December 21st, 2018
  • Jean-Marc Lacoste, President and Chief Executive Officer, Monarques Gold Corporation (MQR), joined Rob Peterman, Vice-President, Global Business Development, Toronto Stock Exchange & TSX Venture Exchange, to open the market

TORONTO, Dec. 21, 2018 – Jean-Marc Lacoste, President and Chief Executive Officer, Monarques Gold Corporation (MQR), joined Rob Peterman, Vice-President, Global Business Development, Toronto Stock Exchange & TSX Venture Exchange, to open the market. Monarques Gold is an emerging gold mining company focused on pursuing growth through its portfolio of projects in the Abitibi mining camp in Quebec, Canada. Monarques Gold Corporation graduated and commenced trading on Toronto Stock Exchange on November 15, 2018.

SOURCE TMX Group Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2018/21/c5547.html

CLIENT FEATURE: Monarques Gold $MQR.ca Gold Producer With Recent Quarter Revenue of $10M $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 4:02 PM on Friday, November 16th, 2018
Financial Highlights

  • Revenues of $10.0 million in the fourth quarter, up 31% quarter-over-quarter.
  • Strong financial position, with $15.0 million in cash.

Beaufor Mine

All figures in $CAD

  • Production of 4,695 ounces in the fourth quarter
  • Average selling price of $1,617

Find Out More!

  • A gold producer with the Beaufor Mine 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 other exploration projects
  • Upside potential and leverage to the gold price with the Wasamac project.
    • (measured and indicated resource of 2.6 million ounces of gold)

300 Square KM Portfolio of Mining Assets

 

Hub On AGORACOM / Corporate Profile

FULL DISCLOSURE: Monarques Gold Corp. is an advertising client of AGORA Internet Relations Corp.

#Gold industry sees prices rising to $1,532/oz over 12 months $AMK.ca $EXS.ca $MQR.ca $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 10:47 AM on Wednesday, October 31st, 2018
  • The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association’s annual gathering predicted on Tuesday
  • A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year’s time for silver, platinum and palladium.

BOSTON, Oct 30 (Reuters) – The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association’s annual gathering predicted on Tuesday.

A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year’s time for silver, platinum and palladium.

Spot gold has had a difficult few months, falling from a high of $1,366.07 in January to as low as $1,159.96 in August as the dollar strengthened and the U.S. Federal Reserve pushed ahead with interest rate rises.

But it has since clawed back to around $1,225 an ounce as volatility on global stock markets revived interest in bullion as a safe place to store assets.

A stronger dollar hurts gold prices by making it more expensive for buyers with other currencies. Higher interest rates make gold, which offers no yield, less attractive.

The poll also showed that delegates expect silver prices to rise to $15 an ounce by the end of October 2019 from around $14.50 on Tuesday.

Platinum prices were forecast to increase to $1,010 an ounce over the next year from around $835 on Tuesday and palladium was expected to rise to $1,195 from around $1,075.

Analysts and traders polled by Reuters this month said they expected gold prices to average $1,300 an ounce in 2019, silver to average $16.40, platinum to average $875 and palladium to average $1,025.

Source: https://uk.reuters.com/article/gold-lbma-price/gold-industry-sees-prices-rising-to-1532-oz-over-12-months-idUKL8N1X55VR

Monarques Gold $MQR.ca Announces its 2018 Fourth Quarter and Year-End Results $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:42 AM on Monday, October 29th, 2018

Monarquesgold hub large

  • Fourth-quarter revenues of $10.0 million, with a 31% quarter-over-quarter increase in custom milling revenues.
  • The Wasamac feasibility study is ongoing, with the Corporation expecting to release the results in early December.
  • The Corporation has created a confidential virtual data room to provide access for parties that have expressed an interest in reviewing the data for the Wasamac project.
  • Production results for the first quarter of fiscal 2019 can be found at the end of this release.

MONTREAL, Oct. 29, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its results for the fourth quarter and fiscal year ended June 30, 2018. Amounts are in Canadian dollars unless otherwise indicated.

Highlights of the quarter

Beaufor Mine

  • Production of 4,695 ounces in the fourth quarter, down 5% from 4,932 ounces in the previous quarter.
  • Average selling price of $1,617 (US $1,273) per ounce ($1,610 or US $1,268 since the acquisition on October 2, 2017).
  • Production cash cost of $1,609 (US $1,267) per ounce sold ($1,532 or US $1,206 since the acquisition on October 2, 2017).
  • All-in sustaining cost of $2,005 (US $1,579) per ounce sold ($1,770 or US $1,394 since the acquisition on October 2, 2017).

Financial results

  • Revenues of $10.0 million in the fourth quarter from the sale of 4,589 ounces of gold combined with revenue from custom milling, which was up 31% quarter-over-quarter.
  • Net loss of $2.8 million or $0.014 per share, diluted, compared to a net loss of $0.6 million or $0.004 per share, diluted, last year.
  • Strong financial position, with $15.0 million in cash.

“Strong growth in our custom milling operations in the fourth quarter partially offset the decline in production at the Beaufor Mine, which will be temporarily shut down starting in December,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Our short-term goal for Beaufor is to minimize the impact of the shut-down on our results.”

“In recent months, we have begun promoting the Wasamac project within the mining and financial communities. We recently created a confidential virtual data room to provide access for parties that have expressed an interest in reviewing data and participating in project development. With the pending release of the feasibility study results in early December, we see the Wasamac project starting to generate interest. We are confident that the parameters we have set for the feasibility study, including the use of the proven Rail-Veyor material haulage technology, will create the conditions needed to put the project into production.”

“We are also continuing to move forward with our other advanced projects, including Croinor Gold and McKenzie Break, for which drill results will be released in the coming weeks. Croinor Gold continues to impress us with multiple high-grade results and continuity of the mineralization along strike and at depth,” Mr. Lacoste concluded.

Summary of financial results

(dollars, except per share data) Quarter ended

June 30

Year ended

June 30

2018 2017 2018 2017
Revenues 10,007,386 30,125,421
Gross margin 170,849 1 440,787
Net loss (2,782,100) (571,284) (4,776,851) (2,281,190)
Loss per share, basic and diluted (0.014) (0.004) (0.024) (0.017)
Cash flow used in operating activities (534,542) (560,596) (2,310,413) (2,163,498)
EBITDA(1) (1,084,003) (158,117) (2,533,882) (1,522,426)
(1)  Non-IFRS measure. See under “Non-IFRS measures” at the end of this press release, and in the Corporation’s financial statements and management discussion and analysis for the reconciliation of this non-IFRS measure.

 

 (dollars) June 30

2018

June 30

2017

Cash and cash equivalents 15,046,248 7,356,155
Total assets 73,665,169 26,657,724

 

Key operating statistics

Quarter ended

June 30

Year ended

June 30

2018 2017 2018 2017
Ounces of gold sold 4,589 – 14,856 –
Ounces of gold produced 4,695 – 15,071 –
Grade 4.95 – 4.82 –
Recovery 98.68 – 98.76 –
Key data per ounce of gold (CA $)
Average market price 1,659 – 1,665 –
Average selling price(1) 1,617 – 1,610 –
Production cash cost(2) 1,609 – 1,532 –
All-in sustaining cost (Beaufor/Camflo) 2,005 – 1,770 –
Average exchange rate (CA $/US $) 1.27 – 1.27 –
Key data per ounce of gold (US $)
Average market price 1,306 – 1,311 –
Average selling price(1) 1,273 – 1,268 –
Production cash cost(2) 1,267 – 1,206 –
All-in sustaining cost (Beaufor/Camflo) 1,579 – 1,394 –
(1) The average selling prices for the 2018 three- and twelve-month periods would be $32 and $28 higher, respectively,  if gold deliveries (861 ounces for the quarter and 2,583 ounces for the 12-month period) to Auramet in connection with deferred revenues for the periods had been recognized at market price on the date the agreement was entered into on October 2, 2017, instead of at the recorded price, representing the amounts received from future gold production divided by the ounces to be delivered.
(2) Production cash cost is a non-IFRS measure of financial performance without a standard meaning under IFRS. It may therefore not be comparable to a similar measure presented by another company. See “Non-IFRS measures” in the Corporation’s management discussion and analysis for the quarter ended June 30, 2018.

 

Corporate highlights

  • On May 31, 2018, the Corporation announced that it has retained BBA to conduct a feasibility study for its Wasamac gold project (see press release).
  • On July 19, 2018, the Corporation announced that it has filed a National Instrument 43-101 technical report for its McKenzie Break gold project on SEDAR (see press release).
  • On August 3, 2018, the Corporation announced that it has filed a National Instrument 43-101 technical report for its Swanson gold project on SEDAR (see press release).
  • On August 30, 2018, the Corporation announced that production activities at the Beaufor Mine will be temporarily suspended as of December 2018, and the mine will be placed on care and maintenance (see press release).
  • On September 10, 2018, the Corporation sold its 30% interest in the Chimo property to Chalice Gold Mines Limited (“Chalice”) in consideration of 3 million fully-paid ordinary Chalice shares (see press release).
  • On October 5, 2018, the Corporation announced that it has acquired a 2% net smelter royalty (“NSR”) on the Chimo-Boyd claims in exchange for the issuance of 170,000 common shares of Monarques at a price of $0.28 per share and a cash payment of $8,400 (see press release).
  • On October 9, 2018, the Corporation announced that it has received conditional approval from the Toronto Stock Exchange to list the Corporation’s common shares, subject to compliance with all exchange requirements by December 30, 2018 (see press release).

Production statistics (first quarter ended September 30, 2018)

  • Monarques produced 3,604 ounces of gold in the first quarter, down 23% from 4,695 ounces the previous quarter.
  • The Corporation recorded revenues of $7.8 million in the first quarter, based on an average gold price of $1,520 per ounce (US $1,162) and the sale of 3,272 ounces, combined with revenues from custom milling operations, which increased by more than 8% during the quarter.
Beaufor Mine Quarter ended

September 30, 2018

Ore processed (tonnes) 29,375
Gold recovery (%) 97.99
Ounces produced 3,604
Ounces sold 3,272

 

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-announces-its-2018-fourth-quarter-and-year-end-results-300738947.html

SOURCE Monarques Gold Corporation

#Gold up, heads for longest string of weekly gains since January $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 10:36 AM on Friday, October 26th, 2018
  • Gold prices edged up on Friday and were on track to rise for the fourth straight week,
  • The longest string of weekly gains since January, as Asian stocks slumped amid increasing worries over the outlook for U.S. corporate earnings and global economic slowdown

Asian shares skidded to 20-month lows, S&P futures fell sharply and China’s yuan weakened at the end of a turbulent week for financial markets on Friday.

Spot gold was up 0.27 percent at $1,234.88 an ounce. It was up 0.7 percent for the week.

U.S. gold futures were up 0.4 percent at $1,237.30 an ounce.

“We had a pretty good rally in gold since the stock market crash. People are more concerned about the current geo-political risks and gold is being looked at more favourably now than in the past,” said Yuichi Ikemizu, Tokyo branch manager, ICBC Standard Bank.

Financial markets have been whipsawed in recent sessions on concerns over global growth as investors fretted over Sino-U.S. trade frictions, a mixed bag of U.S. corporate earnings, Federal Reserve rate hikes and Italian budget woes.

Gold, used as an alternative investment during times of political and financial uncertainty, has gained about 6 percent after falling in mid-August to their lowest since January 2017 at $1,159.96 an ounce.

However, the yellow metal has declined about 10 percent from its April peak after investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

“Gold markets have entered a new trading zone of $1,228-$1,238, with investor mood swings on the S&P steering the ship,” said Stephen Innes, APAC trading head at OANDA in Singapore.

“The short-term narrative is caught between a hawkish U.S. Federal Reserve and a weaker equity market now.”

A target range of $1,252-$1,263 per ounce has been aborted for spot gold, as it failed again to break a resistance at $1,238, according to Reuters technical analyst Wang Tao.

Meanwhile, the dollar index, which measures the greenback against six major currencies, was down 0.1 percent.

Among other precious metals, palladium was down 0.13 percent at $1,198.50 an ounce, but away from a record high of $1,150.50 an ounce hit on Tuesday.

“Concerns around U.S. sanctions on Russia have eased a little bit, so not surprising to see investors lock in some of the gains (in palladium) achieved in the past week. But it still looks fairly constructive at least in the short-term,” ANZ analyst Daniel Hynes said.

Silver rose 0.21 percent to $14.64 per ounce, and platinum was up 0.72 percent at $828.90 an ounce.

Source: https://www.cnbc.com/2018/10/26/gold-markets-stock-markets-ecb-in-focus.html

‘Shaky’ Global Stock Markets Trigger Bid For #Gold Says #Sprott $SII.ca $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 2:13 PM on Wednesday, October 24th, 2018
  • Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
  • As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.

Anna Golubova

(Kitco News) – Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.

As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.

“In India, the central bank bought some gold for the first time in over a decade. Hungarians increased their gold [tenfold to 31.5] tons. Poland also made purchases,” Sprott said. And that’s aside from continued purchases of Russia and China, he added.

In the meantime, physical demand is also picking up, with India importing 95 metric tons of gold in August, Sprott added.

These are all positive numbers that investors should be paying attention to because there’s significant risk in the markets and gold is a proven safe-haven asset, he explained.

“There are lots of reasons to think that the Federal Reserve will have to change. It is uncertain what the Fed will do. You should not automatically count on four rate increases next year,” Sprott said.

On top of that, most stock markets in the world are in a bear market, he pointed out.

“Look at China, [the stocks] was down 32% this year. There are a lot of liquidity issues in a lot of markets, and when you’re the last man standing, [investors] are going to be selling American stocks first, because they’re the ones that are theoretically liquid,” he said. “The structure of markets is very risky … [And] as things get shaky here in the markets, you see the safe-safe-haven bid coming into gold,” Sprott said.

On Tuesday, equities dropped for the fifth consecutive session. The Dow Jones Industrial Average is seeing its worst monthly decline in three years and the S&P 500 is seeing its worst monthly performance in seven years, according to reports.

Meanwhile, the December Comex gold futures touched a three-week high of $1,242 Tuesday on increased safe-haven demand.

“The yellow metal was boosted by safe-haven demand amid keener geopolitical uncertainty in the marketplace. Gold prices did back off their daily highs as the U.S. stock indexes moved up from their daily lows,” said Kitco’s senior technical analyst Jim Wyckoff. “Global stock markets saw risk aversion return to the marketplace today amid heightened geopolitical tensions. China’s stock indexes were sharply down after good gains posted Monday. South Korea’s and Japan’s stock markets were also sharply lower.”

Source: https://www.kitco.com/news/2018-10-24/-Shaky-Global-Stock-Markets-Trigger-Bid-For-Gold-Sprott.html

Monarques Gold $MQR.ca Partner Probe Metals $PRB.ca Intersects 5.9 g/t Gold over 10.5 Metres on Monique Property $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:31 AM on Tuesday, October 23rd, 2018

  • Numerous new discoveries made during the regional exploration program surrounding the past-producing Monique Mine, five kilometres east of the New Beliveau Resource.
  • Near surface discovery grading 24.8 g/t Au over 2.2 metres within a larger zone of 5.9 g/t over 10.5 metres, located 400 metres northwest of the Former Monique Open Pit.
  • Near-surface discovery grading 20.5 g/t Au over 2.0 metres, located 200 metres north of the Former Monique Open Pit
  • A 350-metre-long gold structure intersected in five holes 50 to 200 metres southwest of the historic A and B gold zones (450-650 metres south of Monique Open Pit), includes near-surface intercepts grading 3.8 g/t Au over 7.0 metres, 1.1 g/t Au over 41.2 metres and 2.4 g/t Au over 12.8 metres
  • Winter drilling program planned to follow-up on new zones.

MONTREAL, Oct. 23, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to provide new results from Probe Metals Inc. (“Probe”) 2018 drill program on the Monique property (the “Property”) located near Val-d’Or, Quebec. Probe may earn a 60% interest in the Property by spending an aggregate of $2 million on exploration before January 2021. Results from 14 drill holes, totaling 4,783 metres, were received and showed significant new discoveries northwest of the Former Monique open-pit gold mine and southwest of the A and B gold zones (see figure 1). Probe is now preparing for the 2019 winter drill program to follow up on the recent discoveries. Significant drill results are presented below.

“These initial results from drilling by Probe on the Monique gold project demonstrates the value of working with solid partners to develop our non-core projects,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “While these are still early-stage results, we believe that Probe’s technical team has the capacity to make the most of Monique’s strong exploration potential.”

Of the fourteen holes, seven were designed to test a large under-explored area North, West and northwest of the Former Monique Open Pit along the mineralized trend. Best assay results were from hole MO-18-03 at 159 metres depth (down hole), which returned 24.8 g/t Au over 2.2 metres in a larger interval grading 5.9 g/t Au over 10.5 metres. This hole is located 400 metres northwest of the Monique pit and proximal to our 100%-owned property.  Hole MO-18-09 was drilled 200 metres North of the Monique pit and also returned encouraging results with two gold zones intersected at 175 and 373 metres depth (down hole) grading respectively 20.5 g/t Au over 2.0 metres and 2.1 g/t Au over 7.6 metres. The deepest intercept corresponds to the extension of the in-pit gold mineralization 50 metres to the North and the other intercept is possibly the lateral extension of the new gold structure intersected in hole MO-18-03.

Five holes were drilled to test a weak IP anomaly located 50 to 200 metres southwest of the historic A and B gold zones, with all returning significant results between the surface and 130 metres depth. Gold mineralization is associated mainly with felsic dykes cross-cutting mafic volcanics. Holes MO-10-14, 11 and 10 returned the best intercepts grading respectively: 3.8 g/t Au over 7.0 metres, 1.1 g/t Au over 41.2 metres and 2.4 g/t Au over 12.8 metres.

The remaining two holes were drilled 1 kilometre northeast of the Monique pit and tested a lone IP anomaly.  Neither hole returned significant gold values.

Mineralization intersected along the Monique Gold Trend is characterized mainly by sulphide-bearing quartz-carbonate-tourmaline veins and veinlets in mafic to ultramafic rocks or associated with mineralized dioritic or felsic dykes. Gold is generally associated with 1% to 5% finely disseminated pyrite, and visible gold is common. Rock units are generally altered with variable amounts of chlorite, carbonate, sericite and/or silica. Albite and fuschite alteration are locally observed. The orientation of the quartz vein systems is roughly parallel to the stratigraphy and to the deformation zones.

Assay results from selected drill holes are reported in the following table:

Selected drill results from the Monique drilling program1,2

Hole Number From (m) To (m) Length (m) Au (g/t) Area/Host Rock
MO-18-01 125.0 131.0 6.0 2.4 SW of AB / Felsic Dyke
MO-18-02 54.0 62.0 8.0 0.7 NW of OP / UM Rocks
MO-18-03 158.5 169.0 10.5 5.9 NW of OP / UM Rocks
including 162.8 165.0 2.2 24.8 NW of OP / UM Rocks
MO-18-04 360.5 371.0 10.5 2.4 NW of OP / UM Rocks
including 363.0 367.0 4.0 5.0 NW of OP / UM Rocks
MO-18-09 175.0 177.0 2.0 20.5 N of OP / UM Rocks
373.4 381.0 7.6 2.1 N of OP / UM Rocks
MO-18-10 108.0 120.8 12.8 2.4 SW of AB / Felsic Dyke
including 117.2 119.0 1.8 12.3 SW of AB / Felsic Dyke
MO-18-11 86.0 127.2 41.2 1.1 SW of AB / Felsic Dyke
including 91.0 92.0 1.0 22.1 SW of AB / Felsic Dyke
MO-18-12 123.5 130.7 7.2 1.9 SW of AB / Felsic Dyke
MO-18-14 94.0 101.0 7.0 3.8 SW of AB / Felsic Dyke
136.0 145.0 9.0 1.0 SW of AB / Felsic Dyke
(1) All the new analytical results reported in this release and in this table, are presented in core length and uncut. Additional drilling is planned for the immediate area which will enable the true width determination.
(2) Definitions: SW of AB =southwest of the AB zones, NW of OP = Northwest of the Former Monique Open Pit, N of OP = Northwest of the Former Monique Open Pit

About the Monique Property:

The Monique property is located 25 km east of Val-d’Or, in Quebec, and consists of 17 claims and one mining lease covering a total area of 546 hectares in the Louvicourt township. The property hosts a current inferred mineral resource of 107,500 tonnes at a grade of 4.88 g/t for 16,850 ounces of gold. From 2013 to 2015, the Monique open pit mine was in operation and a total of 0.58 Mt of ore was extracted at a grade of 2.5 g/t Au, from the surface to 100 metres depth for a total of 45,694 ounces of gold.

Gold mineralization on the Monique property has been identified in 12 zones, which are generally hosted by one of three deformation zones that cross the property from east to west. Gold mineralization is defined by a network of quartz/tourmaline/carbonate veins and veinlets, with associated disseminated sulphides, in the altered wall rocks.  Gold is frequently observed in the quartz-tourmaline veins.

Qualified Persons

The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Marco Gagnon, P.Geo, Executive Vice President of Probe, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Quality Control

During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more. Total gold analyses (Metallic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as five promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-partner-probe-metals-intersects-5-9-gt-gold-over-10-5-metres-on-monique-property-300735744.html

SOURCE Monarques Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2018/23/c5875.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2018

#Gold jumps most in nearly 2 year on safe-haven demand $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 3:02 PM on Thursday, October 11th, 2018
  • Gold has finally woken up. The price of gold jumped 2.4 per cent on Thursday – the most in nearly 2 years – in a sign of safe haven buying amid a rout in global stock markets
  • The move is a sharp turnaround to gold’s recent performance

By: Henry Sanderson

Gold has finally woken up. The price of gold jumped 2.4 per cent on Thursday – the most in nearly 2 years – in a sign of safe haven buying amid a rout in global stock markets.

The move is a sharp turnaround to gold’s recent performance. Gold had fallen by 10 per cent before Thursday’s move higher, hit by a stronger dollar and rising US interest rates.

“As a stock market sell off continues gold is once again a desired destination in times of uncertainty,” Alfonso Esparza, senior market analyst at Oanda, a currency exchange, said. “The metal had lost some cache in minds of investors, but when there is no clear safe haven fonds are flowing to gold.”

US stocks turned sharply lower in morning trading on Thursday, with the S&P 500 down 0.6 per cent at 2769.35. Shares in London and Hong Kong also fell.

Gold last traded at $1,222 a troy ounce, its highest level since July 31.

Source: https://www.ft.com/content/ca08c226-cd78-11e8-b276-b9069bde0956

#Gold inches up on safe-haven demand $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 10:22 AM on Wednesday, October 10th, 2018

  • Gold prices edged higher yesterday drawing some safe-haven bids from risk-averse investors as Asian stocks fell amid worries over a potential slowdown in China’s economic growth and as the dollar eased against the yen.
  • Spot gold was up 0,3 percent at $1 190,65 an ounce at 0355 GMT. On Monday, it fell 1,2 percent, its biggest one-day percentage fall since August 15, and also touched a more than one-week low of $1 183,19.

US gold futures rose 0,5 percent to $1 194,40 an ounce.

“Gold is getting some support from bargain hunting and also some safe haven support on concerns of a potential sell-off in equities,” said Stephen Innes, APAC trading head at OANDA in Singapore.

“I strongly believe the market is underpricing the potential for equity markets to derail. This is a key hedge for gold in my view.”

Asian shares hit 17-month lows on yesterday as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets, a shift that pressured other emerging currencies to depreciate to stay competitive.

The dollar slipped against the yen in Asia yesterday on simmering anxiety about higher US bond yields, the Sino-US trade war and political turmoil in Europe.

Meanwhile, the International Monetary Fund yesterday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows.

Gold has held in a $34 range for the last 1-1/2 months, which some analysts say suggests resilience. Worries over the damage to emerging market economies from higher US interest rates has spurred safe-haven bidding.

“The current political and economic climate will lead to people buying the dollar but after the dollar, gold is the next preference,” said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

“Today, there is some short-covering and we also see some fresh buying interest due to lower prices.”

Spot gold may end its weak bounce below a resistance at $1 193 per ounce, and then retest a support at $1 184, as suggested by a projection analysis, according to Reuters technical analyst Wang Tao.

Gold has fallen more than 13 percent from a peak in April largely due to the dollar’s strength, which reflects a vibrant US economy, rising US interest rates and trade tensions.

Among other precious metals, spot silver gained 0,5 percent to $14,41 platinum inched 0,2 percent up to $819,15 an ounce, and palladium was up 0,1 percent at $1 076,0. — Reuters.

Source: https://www.herald.co.zw/gold-inches-up-on-safe-haven-demand/

Monarques Gold $MQR.ca Receives Conditional Approval for the Listing of its Shares on the Toronto Stock Exchange $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 9:15 AM on Tuesday, October 9th, 2018

Monarquesgold hub large

  • Received the conditional approval of the Toronto Stock Exchange (“TSX”) to list the Corporation’s common shares on the TSX. Listing of the common shares is subject to compliance with all of the TSX requirements by December 30, 2018.
  • Listing of the common shares is subject to compliance with all of the TSX requirements by December 30, 2018.

The Corporation will graduate from the TSX Venture Exchange to the Toronto Stock Exchange
by December 30, 2018

MONTREAL, Oct. 9, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has received the conditional approval of the Toronto Stock Exchange (“TSX”) to list the Corporation’s common shares on the TSX. Listing of the common shares is subject to compliance with all of the TSX requirements by December 30, 2018.

Upon listed on the TSX, the Corporation’s common shares will continue to trade under the symbol “MQR”.

“We are proud to be graduating to the TSX, as it indicates how much Monarques has evolved in the last year,” said Jean-Marc Lacoste, President and Chief Executive Officer at Monarques. “We believe that this move over to the TSX will attract a larger number of investors and funds, including those who may have been restricted from buying our shares. It should also improve our access to capital markets, which could prove to be timely for our Wasamac gold project.”

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as five promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-receives-conditional-approval-for-the-listing-of-its-shares-on-the-toronto-stock-exchange-300727679.html

SOURCE Monarques Gold Corporation