Monarques Gold Corporation announced production results for the second quarter ended December 31, 2017. For the quarter, the company produced 5,444 ounces of gold in second quarter of 2018, a 62% increase over the 3,380 ounces produced in the prior quarter by the previous owner, and a 16% increase over the quarterly average of 4,715 ounces produced during the prior nine-month period. The corporation recorded revenue of $10.3 million in the second quarter based on an average gold price of $1,612 per ounce (USD 1,268) and 5,444 ounces sold combined with toll milling activities.