Monarch Appoints Renaud Adams to Its Board of Directors
16 Mai 2022 - 1:35PM
MONARCH MINING CORPORATION
(“
Monarch” or
the “
Corporation”) (TSX: GBAR) (OTCQX:
GBARF) is pleased to announce the appointment of Renaud Adams
as a director of the Corporation effective June 30, 2022. Mr. Adams
will replace Christian Pichette, who is retiring from his position
of director.
“I would like to welcome Renaud Adams to
Monarch’s Board of Directors on the Board’s behalf,” said Michel
Bouchard, Chairman of the Board of Monarch. “We are delighted to
have someone of the caliber of Mr. Adams, who has a long record of
achievements in the mining industry, including the sale of Richmont
Mines to Alamos Gold. In addition to his strong mining engineering
technical skills, Mr. Adams has a strong grasp of the financial
markets, having served in executive management positions with major
mining companies for the past 15 years, including as Chief
Executive Officer for New Gold and for Richmont Mines, the previous
owner of the Beaufor Mine. We are confident that the addition of
Mr. Adams will support the success of our next phase of growth as
we get set to restart the Beaufor Mine and pursue the exploration
and development of our other promising projects, including McKenzie
Break, Swanson and Croinor Gold.”
“I would also like to thank Christian Pichette
for his many contributions during a very fruitful period that
included the purchase of the Richmont Mines Quebec assets, the sale
of Monarch Gold Corporation to Yamana Gold and the creation of
Monarch Mining,” added Mr. Bouchard. "We are grateful to have had
his assistance and knowledge during that phase of Monarch’s
development and growth and wish him a well-deserved
retirement.”
Renaud Adams has over 25 years of experience in
the mining industry and has been President and Chief Executive
Officer of New Gold Inc. since 2018. He was the President and Chief
Executive Officer of Richmont Mines Inc. from 2014 until the
company was sold to Alamos Gold in November 2017. During Mr. Adams’
time at Richmont Mines, production at the company’s principal mine
more than doubled, mineral reserves more than tripled, and costs
were reduced to make the Island Gold Mine in Ontario one
of the lowest cost operating underground mines in the Americas.
From 2011 to 2014, Mr. Adams was Chief Operating Officer at Primero
Mining Corporation, and prior to that he was with IAMGOLD
Corporation from 2007 to 2011, as the General Manager of the
Rosebel mine in Suriname and then the Senior Vice President,
Americas Operations. Prior to IAMGOLD, Mr. Adams held various
senior operations positions at mining operations located in the
Americas. Mr. Adams holds a Bachelor of Engineering degree in
Mining and Mineral Processing from Laval University in Quebec,
Canada.
About MonarchMonarch Mining
Corporation (TSX: GBAR) (OTCQX: GBARF) is a fully integrated mining
company that owns four projects, including the Beaufor Mine, which
has produced more than 1 million ounces of gold over the last
30 years. Other assets include the Croinor Gold, McKenzie
Break and Swanson properties, all located near Monarch’s wholly
owned 750 tpd Beacon Mill. Monarch owns 29,504 hectares (295 km2)
of mining assets in the prolific Abitibi mining camp that host a
combined measured and indicated gold resource of 478,982 ounces and
a combined inferred resource of 383,393 ounces.
Forward-looking statements The
forward-looking statements in this press release involve known and
unknown risks, uncertainties and other factors that may cause
Monarch’s actual results, performance and achievements to be
materially different from the results, performance or achievements
expressed or implied therein. Neither TSX nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX) accepts responsibility for the adequacy or accuracy of this
press release.
FOR
MORE INFORMATION: |
|
|
|
Jean-Marc LacostePresident and Chief Executive Officer |
1-888-994-4465jm.lacoste@monarchmining.com |
|
|
Mathieu SéguinVice President, Corporate Development |
1-888-994-4465m.seguin@monarchmining.com |
|
|
Elisabeth TremblayGeologist and Communication Manager |
1-888-994-4465e.tremblay@monarchmining.com |
www.monarchmining.com
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