Impact: Mildly Positive
Monarques Gold has provided the initial parameters for the ongoing feasibility study (FS) on its Wasamac gold property in Quebec, which the company expects to complete by December 2018.
Impact: Mildly Positive
Monarques Gold has reported additional assay results from the 2018 diamond drilling program at its Croinor Gold project 50km east of Val-d’Or, Quebec. The company has completed Phase 2 of drilling, which consisted of 5,327m of drilling in 27 holes where 26 of the holes struck mineralized zones.
Impact: Neutral
Monarques Gold has announced that it plans to suspend production at the company’s Beaufor Mine in Quebec as of December 14, 2018 and place the mine on care and maintenance.
Impact: Neutral
Monarques Gold has reported production results for its fourth quarter ending June 30, 2018 which were effectively in line with recent quarters.
Impact: Mildly Positive
Monarques Gold reported its first set of results in 2018 from the planned 30,000m drill program at the Beaufor Mine. In our view, the results from these first 9 holes (2,047m) suggest mine life extension for Beaufor is possible; however, more work is needed.
Impact: Mildly Positive
Monarques Gold has released new assays from its ongoing drill program at its Croinor Gold project, located near Val-d’Or in Quebec. Results demonstrated an extension of mineralization both along strike and at depth.
Impact: Positive
Monarques Gold announced a maiden mineral resource estimate for its Swanson gold project in Quebec. The estimate is for a combined pit-constrained and underground resource scenario.
Impact: Mildly Positive
Monarques Gold announced a maiden resource estimate for its McKenzie Break project in Quebec. The company released two resource scenarios: a combination open-pit and underground and an underground only scenario.
Impact: Neutral
Monarques reported FQ3 2018 financials (ended March 31, 2018) with revenues of C$9.8 million (down 4.6% QoQ) following weaker than expected production during the quarter due to unanticipated equipment challenges and planned maintenance.