Thurs #askMQR Monarch Gold CEO, Jean-Marc Lacoste https://twitter.com/soarfinancial/status/1272313807390380035 The interview will start tomorrow at 1pm EST
Monarch Gold Begins Vast Data Compilation Program At Its Camflo Gold Property, Barrick Gold’s Original Asset June 18, 2020 Camflo gold property to be included in Monarch’s pipeline of six advanced gold projects totalling 3.2 million ounces of measured and indicated gold resources Property lies on the land of Monarch’s fully permitted Camflo mill Neighbouring properties include the Agnico/Yamana Canadian Malartic joint venture, Quebec’s largest gold producer https://www.monarquesgold.com/news-...lo-gold-property-barrick-golds-original-asset
A very informative interview with the CEO 18 June 2020. The share price will continue to move up imo. https://twitter.com/i/web/status/1273660816080826369
Looking good here now above $0.40. Next stop is $0.50 with some positive news. Stock still has lots of potential imo.
JV Article: Monarch Gold focused on producing 100-200,000 ounces of gold annually July 7, 2020 https://www.northernminer.com/joint...old-annually/1003819015/#.XwW4oYjF7-E.twitter
Company is moving forward with the flagship project Wasamac... Monarch Gold Signs MOU With Ontario Northland For Wasamac July 9, 2020 The agreement will allow negotiation of a favourable rate for the transportation of ore from the Wasamac gold project to the Kidd concentrator under the MOU with Glencore Canada. The Ontario Northland Railway serves northern Ontario and northern Quebec, running directly past Wasamac to end its route at Rouyn-Noranda, after which the line becomes CN property east of Rouyn-Noranda. https://www.monarquesgold.com/news-...-signs-mou-with-ontario-northland-for-wasamac
Wasamac dans le top 4 mondial des projets aurifères les plus prometteurs Le navire amiral de Monarques devance plus de 3500 projets à travers la planète 17 juillet 2020 https://www.lecitoyenrouynlasarre.c...al-des-projets-auriferes-les-plus-prometteurs Translation (Google) Wasamac among the world's top 4 most promising gold projects Monarques flagship ahead of more than 3,500 projects across the planet Wasamac, the gold mine project that the Monarques Gold Corporation is developing at Rouyn-Noranda, halfway between the Évain and Arntfield districts, is among the most promising gold projects on the planet. This is revealed by a recent analysis by Integra Resources, a junior company based in Vancouver, which wanted to examine the value to investors of its three assets, all located in Idaho. To do this, the company proceeded by successive eliminations from a compilation of all mining projects based on the production of precious metals with an estimate of mineral resources. This list contained exactly 3,517 assets around the world. It then removed all projects that had not been subject to a valid economic study in the past five years, reducing the list to just 338 workers. By eliminating projects with an expected production over the life of the mine of less than 100,000 ounces of gold per year, Integra Resources subsequently restricted the sample to 77 assets and then lowered it. to 53 items by removing projects with a lifespan of less than 10 years. In order to take account of political and economic stability, all projects located outside Canada, the United States, Western Europe, Australia and New Zealand were then removed , reducing the list to only 17 items. Integra Resources also eliminated projects that already belonged to a gold producer with other operating mines, to come up with a list of only 8 projects. Finally, the last step of the fiscal year, all projects requiring an initial investment of more than US $ 500 million were rejected. So there were only 4 projects left: DeLamar (Idaho) from Integra Resources, Valentine Lake (Labrador) from Toronto-based Marathon Gold, Back River (Nunavut) from Sabina Gold & Silver from Vancouver and Wasamac from Monarques.
Great article out today on MQR https://ceo.ca/@leni/monarch-gold-compelling-value-in-the-abitibi This reminds me why I stay invested
This stock will move much higher imo once we receive promising drill results from the Beaufor Mine within the next weeks/months. Depending on the grade Monarch can quickly press the re-start bottom and produce around 20.000 - 40.000 ounces of Gold per year, depending on the grade of ore they will find with the drilling program. When you look at the current low market cap of Monarch you can see the potential.
Monarch Resources (MQR CN) Initiating with BUY rating and C$1.65/sh PT 17 August 2020 https://sprott.com/media/3230/200817-sector-scp-valdor.pdf Monarch: potential bidding war for 2Moz, stock is just too cheap We think Monarch is too cheap. There could be a two-way (or more) bidding war for Wasamac’s 2Moz, 25-30koz pa from Beauforwhilebonanza grades at McKenzie Break potentially underpin the entire market cap in cash. In neighbouring camps we count >$1.5bn market cap from a few juniors with no mineable gold. As enthusiasm wanes, we expect a re-rate forthe‘real’ assets of Monarch. Our valuation is based on 0.5xNAV for Wasamac’sC$948m NPV, 0.7xNAV C$40mforBeaufor and C$36m for other assets, with the stock trading at just 0.14xNAV.
Monarch Gold is mentioned at 22:10 min Gold Stock Investing Roundtable with Pros David Erfle and Brian Leni 22.09.2020
Monarch Gold Announces Friendly Acquisition Agreement With Yamana Gold Mon, November 2, 2020 https://finance.yahoo.com/news/leons-announces-opening-two-stores-140000312.html Transaction Terms Upon implementation of the plan of arrangement, the following assets and liabilities will be transferred by Monarch to SpinCo in consideration for the issuance of the SpinCo Shares to Monarch Shareholders: The Beaufor mine, the McKenzie Break property, the Croinor Gold property, the Swanson property and the Beacon Gold mill and property (the "SpinCo Properties''); C$14 million cash; All assets and liabilities related to the SpinCo Properties. Following the Spin-Out, each outstanding common share of Monarch will be exchanged for: C$0.192 in cash from Yamana; 0.0376 of a Yamana share (a value of C$0.288 based on the volume weighted average price of the Yamana shares on the TSX for the 20 trading days ending on October 30, 2020); 0.20 of a SpinCo Share (with each full share having a value of C$0.75 per share). Following the completion of the transaction, Monarch Shareholders will own approximately 1.3% of Yamana and 100% of SpinCo, and Yamana will own 100% of Monarch.
Hey Dan, nice work on MQR! You called it less than a year ago around $0.20 and buyout price is close to $0.60.
Hi Dude, Thanks! Overall I like today's deal. It means basically that I get my initial investment back in cash, plus shares of Yamana - a 5 billion gold company which I like and also has some silver leverage, and the remaining parts of Monarch with sufficient cash to do drilling on their promising remaining properties and near term production mid next year. Some mining journal writers said a few months ago there could be a possible bidding war for Wasamac. We'll see...
Amid gold price whipsaw, M&A heats up in the mining space David Erfle Friday November 13 https://www.kitco.com/commentaries/...whipsaw-M-A-heats-up-in-the-mining-space.html Meanwhile, M&A began to heat up in the sector last week, as Yamana Gold Inc. (AUY) and Monarch Gold Corp. (MQR.TO) announced that they had entered into a definitive agreement in which Yamana will purchase all of Monarch’s shares that it does not already own for C$152 million. Under the agreement, Monarch will first spin out some of its assets and liabilities into a new company, and Yamana will acquire the remaining properties, including the Wasamac gold project in Quebec’s Abitibi region and the Camflo property near Val-d’Or, Quebec. The takeover is expected to be completed by January 2021. According to the Monarch Gold press release announcing this proposed deal, boards of both companies and certain larger shareholders of Monarch have entered into support agreements. The agreed parties together, along with shares already owned or held by Yamana, equal approximately 28% of Monarch’s issued and outstanding stock. But the acquisition will need regulatory, court and stock exchange approvals, along with a two-thirds majority approval by Monarch stakeholders and other closing conditions. This proposed offer by Yamana equals just $40 an ounce for the 2.88 million-ounce Wasamac gold resource. The industry average is twice that at $80 per ounce when comparing similar past acquisition deals in the gold space. Yamana rival Alamos Gold (AGI), who also has operations near the Wasamac Gold Project, controls 16% of Monarch stock. Both Hecla Mining (HL) and Agnico Eagle Mines (AEM) also hold positions of 4% and 3%, respectively. Being a Monarch Gold shareholder, I am hoping for a bidding war to take place for this quality asset that is being offered at a significant discount to previous sector deals, while located in a Tier 1 jurisdiction.
The deal with Yamana was approved... Monarch Gold Announces Securityholder Approval Of The Arrangement With Yamana Gold December 30, 2020 https://www.monarquesgold.com/news-...-approval-of-the-arrangement-with-yamana-gold The implementation of the Arrangement remains subject to the final approval (the “Final Order”) of the Superior Court of Québec, Commercial Division, at a hearing scheduled for January 20, 2021; final acceptance by the respective stock exchanges on which Monarch and Yamana shares trade; and other closing conditions customary in transactions of this nature. It is currently anticipated that the Arrangement will be completed as soon as practicable after receipt of the Final Order, and that the common shares of SpinCo will commence trading on the Toronto Stock Exchange (the “TSX”) a few days thereafter, under the symbol “GBAR”.
