Monarques Gold Corp. (Monarques) has reported its production results and highlights for the fourth quarter of 2017, ended 31 December 2017.
4Q17 production highlights
- Monarques produced 5444 oz of gold in 4Q17, a 62% increase over the 3380 oz produced in the prior quarter by the previous owner, and a 16% increase over the quarterly average of 4715 oz produced during the prior nine-month period.
- Monarques Gold Corp. recorded revenue of CAN$10.3 million in the second quarter based on an average gold price of CAN$1612/oz (US$1268) and 5444 oz sold combined with toll milling activities.
- The company reported strong results from its drilling programme at the Beaufor mine, including 61.48 g/t Au over 3.9 m, which confirms the strong exploration potential in the area east of Zone Q.
Read the article online at: https://www.globalminingreview.com/exploration-development/19012018/monarques-gold-updated-4q17-production-results/