# Monarch Gold Reports Its Fourth Quarter Results for Fiscal 2020 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/monarch-gold-reports-its-fourth-quarter-results-for-fiscal-2020--639d131c-df06-49c3-887f-cce3417cca6a Original source: https://money.tmx.com/en/quote/MQR/news/7969055538723665/monarch-gold-reports-its-fourth-quarter-results-for-fiscal-2020 Publisher: tmx Original announcement: 2020-09-24T22:59:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Monarch Gold Corporation - Ticker: MQR - Exchange: TSX - Region: Quebec, Canada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Other - Extracted: 2026-09-18 11:17:08 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Monarch Gold reported strong fiscal 2020 results, highlighted by a significant gain on the disposal of non-core assets and a substantial increase in net earnings compared to 2019. While operational revenue was zero for the quarter, the company strengthened its balance sheet and continues to advance its flagship Wasamac project through the permitting stage. Reasoning: The company reported a strong fiscal year driven by asset disposals and a recovery in the gold market, despite having no operational revenue for the quarter. - Positive factor: Strong net earnings growth year-over-year - Positive factor: Significant gain on disposal of non-financial assets - Positive factor: Strong cash position including investments - Positive factor: Progress on flagship Wasamac project permitting - Negative factor: Zero revenue reported for the current quarter Facts used in scoring: 2 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The company mentions exploring Barrick Gold's old mine \(Camflo\) and assessing Glencore's Kidd concentrator for use. Evidence · text > assessing the option of using an existing mill for production, such as Glencore's Kidd concentrator ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/monarch-gold-reports-its-fourth-quarter-results-for-fiscal-2020--639d131c-df06-49c3-887f-cce3417cca6a#fact-resource-facts-0) Wasamac · gold #### Identity - Project: Wasamac - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: MQR #### Resource scope - Estimate type: resource - Resource group id: resource:cd853c4ed8ecc5bfd5d1 #### Resource Data - Category: indicated - Contained Metal: 2.6 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2020-09-24T00:00:00.000Z Reasoning: The document restates existing resource figures for the Wasamac deposit. - Positive factor: Large gold resource established Evidence · text > Wasamac deposit \(measured and indicated resource of 2.6 million ounces of gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/monarch-gold-reports-its-fourth-quarter-results-for-fiscal-2020--639d131c-df06-49c3-887f-cce3417cca6a#fact-resource-facts-1) Wasamac · gold #### Identity - Project: Wasamac - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: MQR #### Resource scope - Estimate type: reserve - Resource group id: resource:cc510488ccc6d98055fa - Deposit or zone: Wasamac #### Resource Data - Category: probable - Contained Metal: 1.8 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2020-09-24T00:00:00.000Z Reasoning: The document restates existing reserve figures for the Wasamac deposit. - Positive factor: Significant reserve base established Evidence · text > which includes proven and probable reserves of 1.8 million ounces of gold #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.