MONK Outlines Ambitious 2014 MONK showed why
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MONK Outlines Ambitious 2014
MONK showed why it is a company worthy of attention when it released a letter to shareholders mid- January. The company provided a solid recap of 2013 highlights and made it clear that “we firmly believe that 2014 will bring a number of significant achievements for our company which will validate our choice to focus on developing our Mexican mining interests.”
The letter further stated that MONK invests in historically significant mining claims and mining interests with mineral reserves primarily consisting of precious metals. Through 2013, Monarchy Resources took increasing interest in producing gold and silver opportunities in Mexico.
In 2013, the Company acquired an initial 45% interest in New World Metals, a Mexican-based mineral development, ore processing and refining company focusing on expanding its production of gold and silver in Chihuahua, Mexico. NWM has three operational mines currently producing approximately 90 tons per day.
The letter stated that over the course of 2013, MONK accomplished the following:
• Acquired 45% interest in New World Metals
• Made deposit on a 100 ton per day ore processing mill
• Stockpiled over 8000 tons of ore at its three mine locations
• Pumped the La Luna Mine free of water and lowered shaft by 7 meters
• Made major repairs and upgrades to structure at Morelos Mine
• Lowered shaft by 8 meters and began production at the Peneto Mine
• Featured on MoneyTV with Donald Baillargeon
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