Previous Close | 0.0500 |
Open | 0.0500 |
Bid | 0.0500 x N/A |
Ask | 0.0550 x N/A |
Day's Range | 0.0500 - 0.0500 |
52 Week Range | 0.0450 - 0.5400 |
Volume | |
Avg. Volume | 50,040 |
Market Cap | 12.191M |
Beta (5Y Monthly) | 2.88 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.4300 |
Earnings Date | May 12, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 0.70 |
Monarch Mining Corporation Figure 1: Swanson – Significant Intervals on Plan View Monarch Mining Corporation Figure 2: Swanson - Cross Section Showing Hole SW-22-029 Monarch Mining Corporation Figure 3: Swanson - Cross Section Showing Hole SW-22-005ext Monarch reports gold assays from the remaining six drill holes totalling 2,140 metres of its 2021-2022 Swanson drilling program.Hole SW-22-029 intersected a wide mineralized zone of 193.4 m at 0.65 g/t Au, with several higher grade sections, inclu
MONTREAL, May 12, 2023 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) reported its results today for the third quarter ended March 31, 2023. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results (In dollars except per-share data)THREE MONTHS ENDEDMARCH 31NINE MONTHS ENDEDMARCH 31 2023 2022 2023 2022 Revenues– – 2,549,995 – Cost of sales– – (17,546,397)– Loss from mine operations– – (14,996,402)– Admini
Monarch Mining Corporation Figure 1: McKenzie Break Significant Intervals from Press Release Monarch reports gold assays from 13 drill holes of its 2022 McKenzie Break drilling program. Hole MK-22-348 intersects an impressive 1.77 g/t Au over 31.0 m, including a higher grade section of 2.83 g/t Au over 15.6 m along the southeast limit of the current proposed pit shell. Notable broad zones of mineralization include 1.33 g/t Au over 9.35 m (MK-22-342) with the potential to extend the pit shell to
MONTREAL, March 31, 2023 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) announces the resignation of Renaud Adams as a director of the Corporation effective immediately. Mr. Adams was recently appointed President and CEO of a mining company and will devote the majority of his time to his new position. “On behalf of the Board, I would like to thank Renaud Adams for his contribution and wish him all the best in this new opportunity,” said
A total of 3,891 samples to be sent to the laboratory for assaying this week: 2,759 samples for McKenzie Break and 1,132 samples for Swanson An additional 5,100 metres of drill core from McKenzie Break will be logged and sampled for assaying representing approximately 4,000 samples Monarch has drilled 41,465 m in 121 holes on the McKenzie Break property since the 2021 mineral resource estimate (MRE) MONTRÉAL, March 15, 2023 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corpor
Not for distribution to U.S. news wire services or dissemination in the United States MONTRÉAL, March 10, 2023 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) announces the closing of the first tranche of a non-brokered private placement for total gross proceeds of $999,997.15 (the “Offering”). The Offering consisted of the issuance of 7,333,334 flow-through units of the Corporation (the “Quebec FT Units”) at a price of C$0.075 per Quebe
Reported its results today for the second quarter ended December 31, 2022. The company closed 2022 with ...
Not for distribution to U.S. news wire services or dissemination in the United States MONTRÉAL, Feb. 13, 2023 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) reported its results today for the second quarter ended December 31, 2022. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results (In dollars except per-share data)Three months endedDecember 31, 2022Six months endedDecember 31, 2022 2022 2021 2022 2
Announces the closing of the first tranche of a non-brokered private placement for total gross proceeds ...
Not for distribution to U.S. news wire services or dissemination in the United States MONTRÉAL, Jan. 20, 2023 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) announces the closing of the first tranche of a non-brokered private placement for total gross proceeds of $4,074,432 (the “Offering”) effective January 19, 2023. The first tranche of the Offering consisted of the issuance of 62,683,576 common shares of the Corporation (the “Shares”
MONTREAL, Dec. 21, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce the results of its annual general meeting of shareholders, which was held today in a virtual-only format. All the nominees listed in the Corporation’s management proxy circular dated November 16, 2022, were re-elected as directors. Shareholders holding 45,163,790 shares, or 40.99% of Monarch's issued and outstanding shares were present or repre
Monarch reports additional gold assays from its 2022 McKenzie Break drilling program.Notable high-grade, near-surface intersections include 35.9 g/t Au over 0.5 m (MK-22-353), 28.2 g/t Au over 0.66 m (MK-22-334), 17.2 g/t Au over 0.9 m (MK-22-357) and 12.65 g/t Au over 1.5 m (MK-22-335).The 2022 drilling program focused on expanding the proposed pit shell limits to the north and southwest.Since the publication of the 2021 mineral resource estimate (“MRE”), Monarch has drilled 41,424 m in 121 hol
Not for distribution to U.S. news wire services or dissemination in the United States MONTREAL, Nov. 30, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) announces that it is proceeding with a non-brokered private placement (the “Offering”) of a minimum of 15,384,615 and a maximum of 76,923,077 common shares (the “Shares”) at a price of $0.065 per Share, for a minimum of $1,000,000 and a maximum of $5,000,000 in gross proceeds. The C
MONTREAL, Nov. 21, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) announced today an update on the total amount of debt settlements disclosed on November 15, 2022. As of today, the Corporation has reached agreements with 115 of its creditors for $11.5 million (the “Debt Settlement”). The Corporation will issue a revised number of 46,328,780 common shares at a price of $0.075 per share and defer the payment of certain amounts to 202
MONTRÉAL, Nov. 15, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) announced today that it has reached agreements with certain of its creditors for more than $9.3 million (the “Debt Settlement”). The Corporation will issue 36,383,805 common shares at a price of $0.075 per share and defer the payment of certain amounts to 2023, 2024 and 2025. This will allow Monarch to reduce its accounts payable and allow time for the strategic revi
MONTRÉAL, Nov. 11, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) reported its results today for the first quarter ended September 30, 2022. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results (In dollars except per-share data)Three-month periods ended September 30 2022 2021 Revenues2,005,605 – Cost of sales(16,672,139)– Loss from mine operations(14,666,534)– Administration expenses(928,785)(1,9
Monarch Mining Corporation Swanson Gold Project: Cross sectional view of hole SW-22-025 Monarch reports both high-grade and widespread gold assays in a fifth set of results from its 2021-2022 Swanson drilling program.Hole SW-22-025 intersected an impressive 11.07 g/t Au over 7.40 m within a much wider zone of 1.76 g/t Au over 101.85 m.Other notable results include 27.8 g/t Au over 0.60 m, 14.75 g/t Au over 0.5 m and 3.47 g/t Au over 7.3 m, all within a wider intersection of 0.63 g/t Au over 151.
MONTREAL, Sept. 28, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) reported its results today for the fourth quarter and year ended June 30, 2022. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results (Indollars, except per share data)Three months endedJune 30,Year endedJune 30,232 daysendedJune 30, 2022202120222021Operating expenses(8,809,760)- (12,473,263)- Administration expenses(2,610,057)(1,1
MONTREAL, Sept. 27, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) reports today that it has suspended its operations at the Beaufor Mine due to financial and operational challenges. The mine will be put on care and maintenance for an undetermined period. As reported on August 31, the slower ramp-up of the Beacon mill following a number of mechanical and procurement issues, as well as problems with the grade reconciliation of the m
The Croinor Gold technical report shows an estimated Measured and Indicated mineral resource of 903,600 tonnes at an average grade of 6.47 g/t Au for a total of 187,900 ounces of gold, and an estimated Inferred mineral resource of 200,100 tonnes at an average grade of 6.19 g/t Au for a total of 39,800 ounces.The mineral resource was calculated at a gold price of US$1,600 per ounce and an exchange rate of 1.30 USD/CAD.As a result of the new estimate, Monarch has increased its combined Measured an
Monarch reports initial gold assays from its ongoing 2022 McKenzie Break drilling program.Hole MK-22-326A intersects an impressive 5.69 g/t Au over 9.69 m near surface.Other notable high-grade, near-surface intersections include 35.15 g/t Au over 0.95 m (MK-22-327), 16.50 g/t Au over 0.78 m (MK-22-329) and 7.75 g/t Au over 2.54 m and 28.20 g/t Au over 0.66 m (MK-22-334).Current drilling is focused on expanding the proposed pit limits to the west, in the up-dip direction.The McKenzie Break drilli
Monarch reports both high-grade and widespread gold assays in a fourth set of results from its 2021-2022 Swanson drilling program.Hole SW-22-022 intersected an impressive 7.83 g/t Au over 8.82 m within a much wider zone of 0.99 g/t Au over 237.82 m.Other notable high-grade intersections include 10.25 g/t Au over 0.50 m (SW-22-018), 7.07 g/t Au over 1.95 m and 11.05 g/t Au over 1.0 m (SW-22-020).The Swanson deposit is currently tested to a vertical depth of 430 m.The Swanson drilling program was
MONTRÉAL, Aug. 31, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) announces that it has made the decision to slow down mining operations at its wholly-owned Beaufor Mine, located east of Val-d'Or, Quebec. The Beacon Mill operations will not be impacted. The restart and ramp-up of the Beacon Mill have been slower than expected and the availability for the months of July and August has been approximately 50% of its capacity of 750 tp
Monarch reports high-grade gold assays in a third set of results from its 2021-2022 Swanson drilling program. Hole SW-22-023 intersected an impressive 18.18 g/t Au over 13.5 m along the down-plunge extension of the Swanson deposit, including higher-grade intervals of 117.91 g/t Au over 2.0 m and 2.75 g/t Au over 2.5 m.The Swanson deposit is currently tested to a vertical depth of 360 m.The Swanson drilling program was completed on August 29, 2022; results for 14 drill holes are still pending. MO
The mineral resource estimate shows a Measured and Indicated resource of 903,600 tonnes at an average grade of 6.47 g/t Au for a total of 187,900 ounces of gold, and an Inferred resource of 200,100 tonnes at an average grade of 6.19 g/t Au for a total of 39,800 ounces.The mineral resource was calculated at a gold price of US$1,600 per ounce and an exchange rate of 1.30 USD/CAD.As a result of the new estimate, Monarch has increased its combined Measured and Indicated resource by 39% to 666,882 ou