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Monarch Mining Corp GBARF

Monarch Mining Corporation is a Canada-based is a gold mining company. The Company owns three projects, such as the Beaufor, McKenzie Break, and Swanson projects. It holds a 100% interest in the Beaufor Mine, which is on care and maintenance. The property consists of two mining leases, a mining concession and approximately 23 mining claims covering an area of 5.9 square kilometers (km2). The McKenzie Break property covers 7,848 hectares (78.5 km) and is located 20 kilometers north of the Beacon Mill and 10 kilometers (km) south of the town of Barraute, Quebec. The Swanson property consists of a mining lease plus a total of 129 claims covering an area of 5,211 ha. The property lies 65 km northeast of Val-d'Or and just 50 km north of Monarch's wholly owned 750 tpd Beacon mill. The Company owns 14,316 hectares of mining assets in the prolific Abitibi mining camp that hosts a combined measured and indicated gold resource of 478,982 ounces and a combined inferred resource of 383,393 ounces.


GREY:GBARF - Post by User

Comment by Justingon Jul 07, 2022 2:10am
137 Views
Post# 34807419

RE:Beacon Mill $$$

RE:Beacon Mill $$$I can't figure it out either. I was waiting a longtime for this and no one cared. Before a couple of times they announced measured resourced double of their estimate and no one cared again. Except me.... They are behind schedule but it appears they have it all sorted out since the mill has been running for 6 weeks. They are still No one cares still. Jean has over achieved and said that he can pull out 750tons of ore a day which makes the mill running at full speed. There are two possible reasons though. 1. It will be a big deal when the earnings start. 2. The entire market is screwed. I'm invested in cloudmd and avant brands and h2o innovations. All three of those companies are making giant gains in contracts of increase in profit. I think h2o hit a 33% increase from 6 months ago. The stock is dumping anyway. It's the economy fault.
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