Emerging gold mining company Monarch Gold on Wednesday filed a project notice with the Quebec government for its Wasamac project, marking the first step in the mining permit application process, which generally takes 18 to 24 months.
Located about 15 km west of Rouyn-Noranda in the Abitibi-Témiscamingue region, Wasamac is forecast to produce an average of 142 000 oz/y over an 11-year mine life at an all-in sustaining cost of C$826/oz.