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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 > Why?
View:
Post by diabase1 on May 14, 2020 3:42pm

Why?

Why Glencore in Timmins? Why not some of the mills near Wasamac, like Francoer, Malartic, Cadillac? Even Kirkland Lake is closer!!
Comment by macjack on May 14, 2020 3:59pm
What the news release didn't mention was that the Kidd Mine might cease production as soon as 2022. With the Kidd Concentrator having a 12,500 tonne a day capacity it would easily handle Wasamac's 6,000 tpd feasibilty study amount. This production could coexist with any lingering Kidd Mine production. By rail it's about 200 kilometers and rail haulage is quite cost efficent. GLTA ...more  
Comment by diabase1 on May 14, 2020 4:39pm
Ya, you could be right Mac. The ONR railway needs the business anyway. Just load it on the cars at the  siding at Aldermac or Arntfield.
Monarch Gold Corporation