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Monarch Mining Corporation (GBARF)

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0.5500-0.0300 (-5.17%)
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  • Y
    Yahoo Finance Insights
    GBAR.TO is up 6.85% to 0.78
  • Y
    Yahoo Finance Insights
    GBAR.TO is down 6.25% to 0.75
  • Y
    Yahoo Finance Insights
    GBAR.TO is up 6.49% to 0.82
  • Y
    Yahoo Finance Insights
    GBAR.TO is up 6.49% to 0.82
  • Y
    Yahoo Finance Insights
    GBAR.TO is down 8.54% to 0.75
  • Y
    Yahoo Finance Insights
    GBAR.TO is down 8.64% to 0.74
  • e
    eric
    Corporate presentation Monarch Mining from the VIV IV investor day on this link:
    https://youtu.be/mwzFprLqI1o
    Virtual Investor Day IV- Monarch Mining (TSX:GBAR) Corporate Presentation
    Virtual Investor Day IV- Monarch Mining (TSX:GBAR) Corporate Presentation
    www.youtube.com
  • A
    Alfred Newman
    Starting production this year. Then another property is near term as well. Time to get in.
  • A
    Alfred Newman
    "I think we will get a sizeable resource increase on Beaufor when Monarch provides update at end of June. Restart of Beaufor Mine requires some work to retrofit equipment and therefore will take some time. I hope they can restart this autumn after the gold price runs up past $2,000 per ounce. At 25K ounces production a year to start, that is around $16M USD cash flow. The goal is to get to 40K per year ounces on Beaufor and when Croinor is placed into production, Monarch can be at 100K ounces per year by 2024 which cash flow will be north of $60M per year."
  • e
    eric
    Regarding the Beaufor mine: Monarch now is advertizing 12 job openings on its website including 4 new postings added on June 23rd. This includes job descriptions that are clearly related to operating and extraction, for example shaft elevator operator: "SOMMAIRE DU POSTESous la supervision du Superviseur sous terre et en �troite collaboration avec le Pr#$%$ � la cage et � la plateforme, l?Op�rateur de treuil op�re le treuil dans la mont�e et la descente du personnel et du mat�riel. Il doit hisser le minerai et le st�rile � partir des poches de chargement vers les bennes � la surface. Il fait ses t�ches dans le respect des lois, r�gles, r�glementations, proc�dures, politiques de la compagnie et de la loi des mines et de la sant� et s�curit� du travail du Qu�bec"
  • e
    eric
    Monarch Mining Corporation Closes C$5.1 Million Bought Deal Private Placement Of Flow-Through Shares
    Montréal, Québec, Canada, March 4, 2021 – MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCMKTS: GBARF) is pleased to announce that it has closed the previously announced bought deal private placement for aggregate gross proceeds of approximately C$5,080,000 (the “Offering”). The Offering was conducted pursuant to the terms and conditions of an underwriting agreement entered into among the Corporation, Sprott Capital Partners LP and Stifel GMP, as co-lead underwriters and joint bookrunners (collectively, the “Underwriters”). The Offering consisted of the issuance of (i) 857,143 flow-through common shares of the Corporation (the “Quebec FT Shares”) at a price of C$1.75 per Quebec FT Share, and (ii) 2,587,841 flow-through common shares of the Corporation (the “FT Shares”) at a price of C$1.38 per FT Share.

    Each Quebec FT Share will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) and each FT Share will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada).

    The gross proceeds from the sale of the Quebec FT Shares and the FT Shares will be used by the Corporation to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Corporation’s eligible projects in Québec. The Qualifying Expenditures will be renounced in favour of the subscribers with an effective date no later than December 31, 2021.

    As consideration for the services provided by the Underwriters in connection with the Offering, the Underwriters received: (i) a cash commission equal to 6% of the gross proceeds of the Offering; and (ii) compensation options (the “Compensation Warrants”) equal to 6% of the number of securities sold under the Offering. Each Compensation Warrant is exercisable to acquire one common share of the Company, issued on a non-flow through basis (each, a “Compensation Option Share”) at a price of $1.38 per Compensation Option Share until March 4, 2023.

    The Offering remains subject to certain conditions, including, but not limited to, the receipt of the final approval of the Toronto Stock Exchange.

    All securities issued pursuant to this Offering are subject to a restricted hold period of four months and a day, ending on July 5, 2021, under applicable Canadian securities legislation.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    About Monarch

    Monarch Mining Corporation (TSX: GBAR) is a fully integrated mining company that owns four advanced projects, including the fully permitted past-producing Beaufor Mine, which has produced over 1 million ounces of gold over the last 30 years. Other advanced assets include the Croinor Gold, McKenzie Break and Swanson properties, all located near Monarch’s wholly owned and fully permitted Beacon 750 tpd mill. Monarch owns more than 260 km2 of mining assets in the prolific Abitibi mining camp that host 588,482 ounces of combined measured and indicated gold resources and 329,393 ounces of combined inferred resources.

    Cautionary Note Regarding Forward-Looking Information

    The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release. This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the transaction; and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but
  • F
    Fritz
    yoohoo.........anybody out there? hahaha!!!
  • e
    eric
    Montreal, Québec, Canada, June 7, 2021 – MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce that as a result of the demand for its previously announced financing, it has entered into an amended agreement pursuant to which Sprott Capital Partners LP and Stifel GMP as co-lead underwriters and joint bookrunners (collectively, the “Underwriters”) have agreed to purchase, on a "bought deal" private placement basis 7,500,000 units of the Corporation (the “Units”) at a price of C$0.80 per Unit for aggregate gross proceeds of C$6,000,000 (the “Offering”).
  • e
    eric
    Regarding the restarting of Beaufor and Beacon operations: Monarch now has 13 job openings advertized on its website for the Beaufor and Beacon sites. These new job openings were all posted between May 20th to June 8th, 2021
  • e
    eric
    GBAR/GBARF Analyst report dated March 24, 2021:

    https://www.edisongroup.com/publication/monarchs-magicians/29124
  • E
    Earnest
    Price is down on ultra-low volume, the balance sheet should be one of the strongest in the sector, not sure about the scale of the new discovery findings. Looks promising though.
  • e
    eric
    Montréal, Québec, Canada, March 8, 2021 – MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCMKTS: GBARF) is pleased to announce it has increased the size of its McKenzie Break property by map-staking 36 new mining cells totalling 1,940 hectares (19.4 km2), extending the property southward. The wholly-owned McKenzie Break project is located 25 kilometres north of Val-d’Or, Québec.

    “We are very pleased to have put together a promising gold property of such significant size, in one of the most prolific mining camps,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “We are continuing to follow the mineralization southwards within the diorite unit on McKenzie Break with our 2021 14,500-metre drilling program, for which some results are already pending. These new claims will allow us to test the southern extension of the favourable geology in an area with relatively little past exploration.”

    Monarch acquired the original 386.6-hectare McKenzie Break property from Agnico Eagle Mines Limited in 2017 and expanded the property in 2020 through additional purchase agreements with local prospectors and map-based staking. The February 2021 staking expands the property to 169 claims covering 7,070 hectares (70.7 km2). Located 20 kilometres north of the Beacon mill and 10 kilometres south of the municipality of Barraute, Québec, the property is accessible year-round via Route 397 and a gravel road and includes a portal and a 700-metre ramp driven in 2009.

    Figure 1: McKenzie Break property with expanded property limits.

    Geologically, the property straddles the Manneville Tectonic Zone, interpreted as the eastern extension of the Destor-Porcupine Break. Gold mineralization occurs in an elongated diorite unit or lens within a shallow embayment of the Pascalis Batholith. The recently staked claims cover a favourable gold-bearing diorite unit characterized by a magnetic high signature. The unit is geologically and geophysically similar to the area where Monarch has had recent drilling success leading to a recent resource update (Geologica and GoldMinds, February 2021) (see table 1).

    Table 1: Combined resources (in-pit and underground) by category for the McKenzie Break deposit at the selected cut-off grades
  • O
    Olaf
    Buy the dip. This gold mine is... gold?!
  • d
    dadx
    am i first ?