Brief: Monarch Suspends Operations At The Beaufor Mine

Monarch Mining

27/09/2022 22:30

Sept 27 (Reuters) - Monarch Mining Corp  GBAR.TO :
    * MONARCH SUSPENDS OPERATIONS AT THE BEAUFOR MINE
    * MONARCH MINING CORP - SUSPENDED ITS OPERATIONS AT BEAUFOR
MINE
DUE TO FINANCIAL AND OPERATIONAL CHALLENGES
    * MONARCH MINING CORP - BEAUFOR MINE WILL BE PUT ON CARE AND
MAINTENANCE FOR AN UNDETERMINED PERIOD
    * MONARCH MINING CORP - STARTED A STRATEGIC REVIEW OF ITS
ASSETS
AND OPERATIONS
    * MONARCH MINING CORP - CURRENTLY WORKING CLOSELY WITH
LENDERS,
SUPPLIERS, CUSTOMERS AND POTENTIAL INVESTORS TO DEVELOP A
STRATEGY TO FUND ACTIVITIES
    * MONARCH MINING- GOT CONFIRMATION OF DISCREPANCIES BETWEEN
REPORTED GRADE OF MATERIAL MINED AT BEAUFOR & GRADE OF MATERIAL
PROCESSED AT BEACON MILL
    * MONARCH MINING - INTENDS TO CONTINUE TO PROCESS ESTIMATED
STOCKPILE OF 20,000 TONNES TO GENERATE FUNDS PRIOR TO PLACING
BEACON MILL ON CARE, MAINTENANCE

Source text for Eikon:  ID:nGNX3MdHwD 
Further company coverage:  GBAR.TO