09:55 AM EST - Monarch Gold Corporation : Reported its preliminary financial results and highlights for the second quarter ended December 31, 2019. Monarch recovered a total of 2,606 ounces of gold from the cleaning of its Camflo mill. The Corporation posted second quarter revenues of $2.5 million mainly from the sale of 1,383 ounces of gold at an average price of $1,771 ($1,346 U.S.) per ounce. As at December 31, 2019, the Corporation had $5.1 million in cash, $3.6 million in short-term investments and 500 ounces of gold in inventory. Monarch currently has a combined measured and indicated resource of 3.2 million ounces of gold with an inferred resource of 1.1 million ounces, including proven and probable reserves of 1.8 million ounces of gold for the Wasamac deposit. Monarch Gold Corporation
shares T.MQR are trading unchanged at $0.20.
