Caisse de depot et placement du Quebec (CDPQ) agreed to buy a 3% net smelter return royalty on gold production at the Beaufor mine for C$5 million (US$3.6 million), according to an announcement from Monarch Gold Corporation in Montreal.
Monarch Gold plans on taking on an extensive 42,500-meter drilling program at the mine and will incorporate artificial intelligence technologies to target selections for its next drilling program using advanced analytics.
The end goal, officials said, is to restart gold production at Beaufor within the next 12 to 18 months in . . .
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