Quebec injects $10.7m into Monarch to help reopen Beaufor gold mine

The Canadian province of Quebec has granted Monarch Mining (TSX-V: GBAR) a C$13.5 million (almost $11m) senior secured term loan agreement to help the company restart the Beaufor gold mine and Beacon mill, 20 km east of Val-d’Or.  The three-year term loan agreement with Investissement Quebec bears interest...