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Freegold Intersects 3.62 g/t Au over 42m and 1.23 g/t Au over 170.7m (click to learn more)
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Monarch Gold Corporation T.MQR

Metals & Mining Industrial Metals & Minerals
Monarch Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition and exploration of gold mining properties. Its main activities are located in the province of Quebec, Canada. The corporation holds an interest in gold properties including the Beaufor Mine, Camflo Mill, Croinor Property, Beacon Mill, Wasamac, and McKenzie Break among others.


TSX:MQR - Post by User

Monarch Gold Corporation > Question?
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Comment by Reachmeon Jan 06, 2021 3:16pm
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Post# 32235034

RE:RE:Question?

RE:RE:Question?
locomoco wrote:

Did you read this?

https://www.monarquesgold.com/news-releases/monarch-gold-announces-friendly-acquisition-agreement-with-yamana-gold
 

GBAR is the new Monarch Mining (Spinco) which will be traded on TSX after Jan 20th. GBAR valuation is $55M CAD and price per share is 75 cents.


So low float to start, Beaufor mine pending restart with higher grade gold and increased resources, drill resulta pending from McKenzie, Swanson and Croinor. Beaufor mine expected to produce 20K ounces gold annually and generate $20M CAD profit. 

With $14M cash on hand and that profit, it seems Monarch Mining will have a stellar start in 2021. Long on GBAR!
 



Thank you for the information!!
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