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Monarques secures another processing contract for Camflo gold mill

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Monarques secures another processing contract for Camflo gold mill

Monarques Gold Corp. said Dec. 7 that it secured another custom milling contract for its Camflo gold mill in Quebec.

Under the deal, Ressources Nottaway Inc. will process at least 15,000 tonnes of ore per month in 2018 from its Vezza gold mine for a minimum of 180,000 tonnes in the whole year at Camflo.

Monarques President and CEO Jean-Marc Lacoste said the contract will provide the company with stable revenue flow from the Camflo mill in 2018.

The company acquired the Camflo mill as part of an asset purchase deal with Richmont Mines Inc. in September.

Previously, Monarques entered into custom milling contracts with Wallbridge Mining Co. Ltd. and Eldorado Gold Corp.