10:45 AM EST - Monarch Gold Corporation : Reported its production and corporate highlights for the fourth quarter ended June 30, 2019. Monarch produced 3,572 ounces of gold in the fourth quarter, up 169% from the third quarter and down 24% from the 4,695 ounces produced last year. The increase was attributable to a rise in the production rate at the Camflo mill and the Beaufor mine combined with a higher grade of ore. The Corporation recorded revenues of $7.3 million in the fourth quarter from the sale of 2,666 ounces of gold at an average price of $1,764 per ounce plus custom milling revenue, which was down 3.1% from the third quarter due to an increase in the tonnage milled from the Beaufor mine. Monarch Gold Corporation
shares T.MQR are trading unchanged at $0.25.
