Monarch Mining Corp GBARF

RE:long, long ago...

[geosan0]

Greetings stockpunter. 

As I am an oldtimer also, I'll take a shot at trying to connect the dots as I remember, lol, them.  You go back to the Louvem / Richmont days and just shortly after that transaction, Richmont bought out Patricia Mining to gain total control of the Island Gold property.  At that time, a company called Golden Goose Resources (GGR) held the Magino property that bordered the Island Gold property.  I got involved with GGR hoping that RIC would buy out GGR.  RIC didn't buy them but eventually the Magino property was purchased by Argonaut Gold for a nice price.  The key management members of GGR back then can now be found running Monarch Mining.  However, the link does not stop there.  Years after the GGR sale to Argonaut Gold, RIC was being bought out by Alamos Gold and Alamos Gold only wanted the Island Gold property and not the assets in Quebec.  You guessed it, Monarch Gold stepped in and acquired the Quebec assets which included the Beaufor mine.  The management team at Monarch Gold was the management team you have here now and the team that was at GGR back in the day.  If you are wondering what happened to Monarch Gold, well they got bought out by Yamana Gold to access the Wasamac property that was picked up in the RIC Quebec asset transaction.  Monarch Mining is a spin-off of the assets that Yamana Gold did not want.  Rinse and repeat, lol.

So here we are today with the Beaufor mine being restarted shortly (June) in Monarch Mining.  Monarch Gold had put the mine on care and maintenance for a couple of years because the mining plan was not making the company much money.  Under the new mining plan, production is suppose to double which will bring down the operating costs at Beaufor and hopefully bring in some meaningful cash flow to Monarch Mining.

So there you have it, Alamos Gold is operating the hugely successful Island Gold property and the current management team at Monarch Mining has been involved in both the Magino project and the Wasamac project both of which are either in construction or projected to be in construction over the next couple of years.

With regards to Adventure Gold, i have nothing to contribute as I am not aware of the story.

Happy investing and thanks for the memories!!!!