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Monarch begins processing Beaufor Mine ore

Published by
Global Mining Review,


Monarch Mining Corp. has provided an update on the recommissioning of its wholly-owned Beaufor Mine and Beacon Mill, located east of Vald’Or, Quebec.

Highlights

  • Following the pre-commissioning of the mill with waste rock, Monarch has started processing a 530 t batch of ore at its Beacon Mill.
  • A total of 31 079 t of ore averaging 4.76 g/t gold (Au) has been mined and 30 549 t are currently stockpiled, ready to be processed.
  • Monarch plans to pour its first gold bar in July.

After investing approximately CAN$20 million to refurbish the Beacon Mill, the corporation began processing waste rock and fine-tuning the mill approximately six weeks ago. Monarch has also been mining ore at the Beaufor Mine over the last few months and 30 549 t of ore averaging 4.76 g/t Au are currently stockpiled. The corporation started feeding the mill with that ore this week and expects to pour its first gold bar in July.

“We’ve been working relentlessly over the last year to restart the Beaufor Mine and Beacon Mill and we’re pleased to see our efforts coming to fruition,” said Jean-Marc Lacoste, President and CEO of Monarch. “We have a great team and I’m really proud of what we have been able to accomplish thus far. We are convinced that our new mining and exploration strategies will enable us to make the Beaufor Mine a success once again and create new, good-quality jobs and sustainable employment in the region in the process. Once the mine and mill are fully operational, we will focus on generating cash flow for our exploration activities and increasing the Beaufor resource, which remains open on several levels of the mine.”

Read the article online at: https://www.globalminingreview.com/mining/06072022/monarch-begins-processing-beaufor-mine-ore/

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