New Listing Alert: Monarch Mining is Now on the TSX
Abitibi gold mining company is now on the Toronto Stock Exchange
Monarch Mining Corp. was formed after the acquisition of Monarch Gold by Yamana Gold. The company has 200 square kilometres of prime real estate with 4 gold properties on the Cadillac Break in the Abitibi, Canada. Further, Monarch Mining is now trading on the Toronto Stock Exchange under the symbol GBAR.
“We’re one of the upcoming producers on the Abitibi with a producing mine, The Beaufor Mine, which will be starting this year,” says President and CEO, Jean-Marc Lacoste.
The Beaufor Mine
Monarch holds a 100% interest in the Beaufor Mine. This includes two mining leases, a mining concession and 23 mining claims covering an area of 5.9 km2. Moreover, the mine is located at about 20 kilometres northeast of the town of Val-d’Or, in the Province of Quebec. The Beaufor Mine is an underground mine.
The planned exploration program will be one of the largest exploration programs ever undertaken on the Beaufor property, consisting of approximately 270 drill holes for a total of 42,500 metres. Additionally, exploration drilling will be done in several phases.
“We will be seeking acquisition. We will also be looking for new ounces and we will deliver the same way we did with Monarch Gold Corp.” says Lacoste.
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