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.

Add To Watchlist

TSX:MQR - Post Discussion

Monarch Gold Corporation > Likely with Yamana

View:

Post by locomoco on Aug 02, 2020 10:09am

Likely with Yamana

Croinor requires $30M to put into production. Resources currently at 200K with only a very small fraction (5 sq km) of the 150 sq km property explored. IMO, I can see Yamana doing a JV with Monarch first on Croinor to get it into production and further exploration. Croinor has potential to be a multimillion ounce property and maybe open pit.

https://www.mining.com/yamana-gold-intends-to-list-on-lse/

But Marrone said there were few assets that could deliver high returns and he preferred a transaction that was a merger of equals.

“Not an acquisition but a combination, perhaps through similarly-sized companies creating further critical mass. We are very open and receptive to that, we recognise that size does matter,” he said.

166