Monarch Mining
- Company typePublic
- Founded2020
- HeadquartersSaint-sauveur, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
Monarch Mining firmographics
Firmographics- Name
- Monarch Mining
- Legal name
- Monarch Mining Corporation
- Website
- https://monarchmining.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Monarch Mining industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Support Activities for Metal Mining (213114)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Monarch Mining is headquartered
LocationHeadquarters
- HQ city
- Saint-sauveur
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Monarch Mining business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Others
Revenue model
- Gold Production and Sales: Monarch generates revenue through the extraction and sale of gold ore processed at its wholly-owned Beacon Mill. The company produces gold bars from its Beaufor Mine operations and sells gold to refineries and precious metals markets at market prices.
- Royalty Financing: Monarch has entered into royalty financing agreements where it receives upfront cash payments in exchange for granting net smelter return (NSR) royalties on gold production from its properties. This provides non-dilutive capital while retaining ownership of the underlying assets.
- Property Sales: Monarch generates revenue through the sale of mining properties and NSR royalties to other mining companies. This includes transactions with Probe Gold Inc. for the Croinor property and various property sales as part of restructuring.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Gold commodity sales at market prices |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Monarch Mining product offering
Product offeringCore offering
Monarch Mining is a fully integrated gold mining company that extracts gold ore from four advanced mining projects (Beaufor, Croinor Gold, McKenzie Break, and Swanson) located in Quebec's Abitibi mining camp and processes the ore at its wholly-owned 750 tonnes-per-day Beacon Mill to produce gold bars for sale to refineries and precious metals markets. The company also generates revenue through royalty financing arrangements (NSR royalties) and periodic property divestitures.
Product overview
Monarch Mining Corporation is a fully integrated gold mining company that owns four projects (Beaufor Mine, Croinor Gold, McKenzie Break, and Swanson) located near its wholly owned Beacon 750 tpd mill in Quebec's Abitibi mining camp. The company underwent significant restructuring, having sold most of its mining assets (Croinor, Beaufor, McKenzie Break, and Swanson) through CCAA proceedings in 2023-2024. The company has a combined historical M&I gold resource of 666,882 ounces and 423,193 ounces of inferred resources.
Differentiator
Problem solved
Functional benefit
Products and services
- Beaufor Mine A past-producing gold mine located 20 km east of Val-d'Or, Quebec with over 1 million ounces of gold produced historically. The mine utilized both production ramp and shaft access with underground drilling rigs for resource definition and exploration. Placed on care and maintenance in September 2022 following operational suspension.
- Beacon Mill A fully owned 750 tonnes-per-day gold processing mill located 7 km from the Beaufor Mine in Quebec, fully permitted to process up to 1,800,000 tonnes of tailings, representing approximately nine years of ore processing at full capacity. The mill provides centralized, integrated processing capability that reduces reliance on third-party toll milling.
Quantifiable outcome
- Over 1 million ounces of gold produced from Beaufor Mine historically, with 750 tpd processing capacity at Beacon Mill
- +2 more outcomes
Companies that use Monarch Mining
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles3 records
Monarch Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Monarch Mining partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gold Royalty Corp.majorMonarch entered into a royalty buyback option agreement with Gold Royalty Corp. regarding the McKenzie Break, Swanson and Croinor properties. Monarch has the right, exercisable for 24 months, to repurchase up to 1% NSR for each property.
Scale indicators8 records
Recent moves8 records
Expansion highlights3 records
Monarch Mining competitors and assessment
Company assessmentDirect peers
- Probe Gold Inc. Probe Gold is a Quebec-focused gold exploration and development company operating in the Abitibi mining camp. It is the most direct comparable: Probe Gold acquired Monarch's Croinor property in 2023 and entered binding agreements to acquire Beaufor and McKenzie Break in 2024 through the CCAA process, effectively becoming the successor vehicle for Monarch's assets.
- Wesdome Gold Mines: Wesdome is a Canadian gold producer operating the Eagle River and Mishi mines in Ontario and Quebec. It is directly comparable as a mid-tier gold producer with similar asset scale, single-jurisdiction focus, and underground mining operations comparable in size to Monarch's Beaufor Mine.
- IAMGOLD Corporation: IAMGOLD is a mid-tier gold producer with significant operations in the Abitibi region of Quebec (Westwood complex) and across West Africa. It is directly comparable as a gold-focused miner with adjacent Quebec operations and similar production-stage asset profile.
- Alamos Gold: Alamos Gold is a Canadian intermediate gold producer with operations in Ontario (Young-Davidson) and Quebec (Island Gold). It is a direct comparable as a North American-focused gold producer with underground mines of similar production scale to Monarch's Beaufor.
- Argonaut Gold: Argonaut Gold is a North American gold producer with operations in Ontario (Magino) and historically Quebec. It is directly comparable as a single-jurisdiction Canadian gold producer of similar asset scale and is also a gold royalty counterparty in the Abitibi region.
- Equinox Gold: Equinox Gold is a Canadian gold producer with operations across the Americas including the Valentine Gold project in Newfoundland and the Greenstone project in Ontario. It is a direct comparable as a multi-asset North American gold producer at a similar intermediate scale.
Broad incumbents
- Agnico Eagle Mines: Agnico Eagle is a senior Canadian gold producer with extensive operations in the Abitibi region (LaRonde, Canadian Malartic, Detour Lake). While much larger in scale, it operates similar underground gold mines in the same jurisdiction and provides the closest peer benchmark for Abitibi gold production economics.
- Eldorado Gold: Eldorado Gold is an intermediate gold producer with a diversified portfolio of operations across Canada, Turkey, and Greece. It is a broad comparable for Canadian underground gold operations, including Quebec legacy assets, though at a larger scale than Monarch.
Regional players
- O3 Mining: O3 Mining is a Quebec-focused gold exploration and development company with assets in the Abitibi region. It is a regional comparable as a peer-stage Quebec gold developer, though smaller and earlier-stage than Monarch was at peak operations.
Others
- Gold Royalty Corp. Gold Royalty Corp. is a precious metals royalty company that provided royalty financing to Monarch and holds NSR royalties on Monarch's properties. It is comparable as a direct counterparty and as an emerging royalty/streaming business providing non-dilutive capital to gold miners like Monarch.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Monarch Mining social profiles
Digital presenceMonarch Mining compliance and trust
Trust signalCompliance1 record
Monarch Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monarch Mining leadership team
Management profileNumber of profiles
Profiles4 records
Monarch Mining subsidiaries and ownership
Company hierarchySubsidiaries5 records
Monarch Mining funding detail
Funding detailFunding overview
Funding rounds5 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monarch Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Monarch Mining
What does Monarch Mining do?
Monarch Mining is a fully integrated gold mining company that extracts gold ore from four advanced mining projects (Beaufor, Croinor Gold, McKenzie Break, and Swanson) located in Quebec's Abitibi mining camp and processes the ore at its wholly-owned 750 tonnes-per-day Beacon Mill to produce gold bars for sale to refineries and precious metals markets. The company also generates revenue through royalty financing arrangements (NSR royalties) and periodic property divestitures.
Is Monarch Mining a public or private company?
Monarch Mining is a public company. It is classified as public and is currently operating.
When was Monarch Mining founded?
Monarch Mining was founded in 2020. It employs 11 to 50 people.
Where is Monarch Mining based?
Monarch Mining is headquartered in Saint-sauveur, Canada, in the North America region.
How does Monarch Mining make money?
Three revenue lines are on record. Gold Production and Sales are the primary driver. The others are royalty Financing and property Sales.
Who are Monarch Mining's main competitors?
Direct peers on record are Probe Gold Inc., Wesdome Gold Mines, IAMGOLD Corporation, Alamos Gold, Argonaut Gold and Equinox Gold. Broad incumbents are Agnico Eagle Mines and Eldorado Gold. O3 Mining is listed as a regional player. Gold Royalty Corp. is listed as an others.
Does Monarch Mining have an API?
No public API is recorded for Monarch Mining.
What industry is Monarch Mining in?
Monarch Mining's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.