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Monarch Mining produces first gold bar from its Beaufor Mine

Kitco Media
By Michael McCrae
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Monarch Mining (TSX: GBAR) reported today the production of its first gold bar from its wholly-owned Beaufor Mine and Beacon Mill, located east of Val-d'Or, Quebec.

During the production for the month of July, the Beacon Mill achieved a record day of 765 tonnes of ore and ore recovery ranged from 96.3% to 98.7%. While this data is preliminary at this stage of the milling process, it is nonetheless a very positive result. After this first pour, the ore stockpile currently stands at 23,914 tonnes at an average grade of 4.76 g/t Au.

Monarch Mining Corporation is a fully integrated mining company that owns four projects. The company's Beaufor Mine, has produced more than 1 million ounces of gold over the last 30 years.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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