Under the terms of the deal for the property near Val-d’Or, Probe will make a cash payment of $2 million at closing and will issue $2.5 million in common shares, for a total of $4.5 million. Full story.
Read MoreMonarch selling Croinor
Tag: Monarch Mining
Monarch’s Beaufor transitioning to C&M
Citing financial and operational challenges – and just weeks after announcing it would slow down operations at the mine due to technical, mechanical and procurement issues – Monarch Mining has confirmed it is suspending mining at the Quebec gold mine and is placing it on care and maintenance. Read full article.
Read MoreMonarch slows operations at Beaufor
Monarch Mining, owner of the Beaufor mine east of Val-d’Or, Quebec, and the associated Beacon Mill, has opted to slow down operations at the mine due to technical, mechanical and procurement issues. Read more.
Read MoreMonarch in flight with first gold bar
Monarch Mining has produced the first gold bar from its Beaufor operation and Beacon Mill east of Val-d’Or, Quebec, and is reporting enviable progress from the new mine. Read full article.
Read MoreBeaufor mine, Beacon mill nearing restart: Monarch
Monarch Mining, owner of the Beaufor gold operation in Quebec, Canada, has provided an update to its work on the mine and the Beacon mill as it prepares to restart the complex in 2022.
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