Monarch's crown slips on Davyhurst closure

MICHAEL Kiernan’s Monarch Gold has hit a major stumbling block from the “continued underperformance” of its Davyhurst operations, with the mine and plant now on care and maintenance as the company scrambles to keep its head above water.

Monarch's crown slips on Davyhurst closure Monarch's crown slips on Davyhurst closure Monarch's crown slips on Davyhurst closure Monarch's crown slips on Davyhurst closure Monarch's crown slips on Davyhurst closure

The company’s problems at Davyhurst first came to light late last year when Monarch remodelled its mine plan at the project after disappointing production figures.

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