– CANADA, Saint-Sauveur-des-Monts – Monarch Mining Corporation (TSX: GBAR | OTC: GBARF) today announced the appointment of Renaud Adams to its Board of Directors effective June 30, 2022, to replace Christian Pichette, who is retiring from the Board.
“I would like to welcome Renaud Adams to Monarch’s Board of Directors on the Board’s behalf. 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 CEO for New Gold and for Richmont Mines, the previous owner of the Beaufor Mine,” said Board Chairman, Michel Bouchard.
He added: “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.”
About Renaud Adams
Renaud Adams has over 25 years of experience in the mining industry and has been President and CEO of New Gold Inc. since 2018. He was the President and CEO 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 COO at Primero Mining Corporation, and before that, he was with IAMGOLD Corporation from 2007 to 2011, as GM of the Rosebel mine in Suriname and then the SVP, Americas Operations. Before 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 Monarch
Monarch Mining Corporation 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.
For more information: https://www.monarchmining.com/
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