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Bullboard - Stock Discussion Forum Monarch Gold Corporation T.MQR

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 > Glencore is a great partner to have for Wasamac
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Post by kukaman on May 21, 2020 3:21am

Glencore is a great partner to have for Wasamac

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 158,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
Comment by locomoco on May 21, 2020 8:45am
Will be interesting how the agreement with Glencore plays out. Looking forward to further news on drilling of McKenzie and other properties, especially progress on using artificial intelligence to guide drilling of Beaufor, towards restart of the mine within 12-18 months. With some patience, Monarch stock will increase over next 6 months with significant news.
Comment by locomoco on May 23, 2020 12:16am
Restarting Beaufor mine after increasing resources from drilling to achieve steady revenue is key to further develop the other projects without diluting shares too much.