Monarch Gold: A Portfolio of Gold in Abitibi

September 9, 2020

3.2 million ounces of underground gold

Monarch Gold is an emerging Canadian gold mining company. They aim to be a 100,000-200,000-ounce per year gold producer through the development of its portfolio of high-quality projects. Further, the projects cover over 315 km² in the Abitibi mining camp in Quebec, Canada.

"We spent the last 7 years building one of the biggest portfolios of gold real estate in Abitibi. We now own 6 properties for a total of 3.2 million ounces of underground gold," says President & CEO, Jean-Marc Lacoste.

The December 2018 feasibility study on the Corporation’s flagship Wasamac 2.6 million-ounce gold project forecasts average annual production of 142,000 ounces of gold for 11 years at a cash cost of US$550 per ounce. Based on a US$1,300 gold price, the project has a pre-tax net present value of $522 million and a 23.6% pre-tax internal rate of return. The deposit remains open at depth and along strike.

Monarch is also a fully integrated mining company that owns four other advanced projects, namely the Beaufor, Croinor Gold, McKenzie Break and Swanson projects, all located near Monarch’s wholly owned, fully functional, fully permitted Camflo (1,600 tpd) and Beacon (750 tpd) mills and a potential source of feed for the mills.

For more information on Monarch Gold Corporation (TSX: MQR, OTCQX: MRQRF) please fill out the form below.

You might also like

Metals & Mining
Osisko Development: Building Sustainable Value in Gold Mining

Osisko Development is redefining gold mining with a focus on safe, sustainable operations that drive long-term community and economic growth.

Metals & Mining
VRIC - Vancouver Resource Investment Conference 2025

The Vancouver Resource Investment Conference (VRIC) brings together investors and industry leaders to navigate market challenges and uncover investment opportunities.

Content Broadcast on: BNN Bloomberg, CNBC, Bloomberg, FOX Business News, BIZTV, Reuters, The Globe and Mail, YouTube and more!