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Monarch Gold (CN: MQR)

Last close As at 29/04/2024

CAD0.55

— 0.00 (0.00%)

Market capitalisation

—

Edison Investment Research is terminating coverage on Monarch Gold. Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Previously published reports can still be accessed via our website.

Latest Insights

Metals & Mining | Update

Monarch Gold — Wasamac sale and spin out

Metals & Mining | Initiation

Monarch Gold — Wasamac a winner
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Financials

Monarch Gold has entered a definitive agreement with Yamana Gold to sell its flagship Wasamac property and its Camflo mill and tailings facilities to Yamana for C$152m, or C$0.48 per share on a fully diluted basis. Monarch’s remaining assets Croinor, McKenzie Break, Swanson and Beaufor (plus its Beacon Mill, related liabilities and C$14m in cash) will be spun out as a separate company (SpinCo). Management estimates of the SpinCo valuation of C$47.5m, of C$0.15 per share, would imply an overall deal valuation of C$200m. This would represent a 43% premium to the 20-day VWAP of Monarch, although ultimately the deal premium will be determined by the SpinCo valuation once it starts trading.

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