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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum 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 Discussion

Monarch Gold Corporation > geosan0
View:
Post by factRbest on Jan 26, 2018 4:02pm

geosan0

Since Beaufor is running out of ore and Camflo is under utilized when will they be filling for mining permits to start extracting ore at Wesamac.
Actually they can go all Todd Hoffman on Wesamac and run two mills.

Maybe "OUR" CEO would like to chime in on that one.
Comment by geosan0 on Jan 26, 2018 4:34pm
The goal is not to mine Wasamac in order to utilize the mill capacity but rather to optimize the remaining operations.  I attended the annual meeting this month where "OUR" CEO gave a presentation.  In the presentation "OUR" CEO plans to optimize both mills by continuing to source material for the Camflo mill in order to be able to divert the Beaufor ore to the Beacon ...more  
Comment by factRbest on Jan 28, 2018 8:07pm
geosan0 - (1/26/2018 4:34:50 PM) RE: geosan0 The goal is not to mine Wasamac in order to utilize the mill capacity but rather to optimize the remaining operations.  I attended the annual meeting this month where "OUR" CEO gave a presentation.  In the presentation "OUR" CEO plans to optimize both mills by continuing to source material for the Camflo mill in order ...more  
Comment by factRbest on Jan 28, 2018 8:10pm
Forgot to add. And why even with the run up in gold MQR stock was flat in the water. The market as well as me are waiting for the first financials that will include Beaufor and Camflo and the MD&A which will provide some sort of guidance as to where the money will be going.
Monarch Gold Corporation