Monarques Gold Corporation

account_balanceMQR:CA

  About Us
Monarques Gold Corporation (TSX: 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.
Website

https://www.monarquesgold.com/

https://www.monarquesgold.com/

Headquarters

68, avenue de la Gare, Bureau 205 Saint-Sauveur, Québec J0R 1R0

Public Issuance

2011

Shares Outstanding

236.37m

Corporate Filings

SEDAR

Stock Symbol

MQR:CA

location_on68, avenue de la Gare, Bureau 205 Saint-Sauveur, Québec J0R 1R0
 3 Reasons to invest
  1. Main focus: Wasamac gold project

    + Positive feasibility study (December 3, 2018)
    + High return: $522M NPV and 23.6% IRR (all pre-tax)
    + Solid output: 142,000 oz/year over 11 years
    + Low cost: US$550/oz production cash costs

  2. Cash-flow generation through custom milling


    + Constant revenue stream from Camflo Mill
    + Beacon Mill to restart if demand continues to increase

  3. Continuous value creation


    + Drilling results pending from Croinor Gold and McKenzie Break
    + Goal to increase resources of advanced stage projects
    (+500k oz M&I gold resource)

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 Current Team
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Beaufor Mine



Monarques holds a 100% interest in the Beaufor Mine, which includes two mining leases, a mining concession and 23 mining claims covering an area of 5.9 km2. The mine is located at about 20 kilometres northeast of the town of Val-d’Or, in the Abitibi-East township, in the Province of Quebec. The Beaufor Mine is an underground mine.

On August 30, 2018, Monarques announced that production activities at the Beaufor Mine will be temporarily suspended as of December 14, 2018, and the mine will be placed on care and maintenance.
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Camflo Mill


The Camflo Mill has a rated capacity of 1,600 tonnes per day. It is a Merrill-Crow conventional type mill with circuits for crushing, grinding, gold cyanidation and precipitation using zinc powder. The historic average rate of recovery of the mill is 98.5% when ore from the Corporation’s Beaufor Mine is being milled. Currently, the Camflo Mill processes ore from the Beaufor Mine and also custom mills ore on a contract basis.

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Camflo Mill


The Camflo Mill has a rated capacity of 1,600 tonnes per day. It is a Merrill-Crow conventional type mill with circuits for crushing, grinding, gold cyanidation and precipitation using zinc powder. The historic average rate of recovery of the mill is 98.5% when ore from the Corporation’s Beaufor Mine is being milled. Currently, the Camflo Mill processes ore from the Beaufor Mine and also custom mills ore on a contract basis.

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Beacon Mill


The Beacon Mill has a 750 tpd capacity. The mill is located on a property that consists of a mining lease, a mining concession, and 11 mining claims covering an area of 1.8 km2. The property also has tailings management ponds, underground installations, a 500-metre deep shaft and a mechanical shop. The plant is located in Val-d’Or on highway 117 and at proximity to the railroad at less than 500 m. 

The Beacon Mill is fully permitted, including a certificate of authorization by the ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques for the processing of 1,800,000 tonnes of tailings, equivalent to approximately nine years of mineral processing at full capacity.
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