CAMPBELL, CA, July 24, 2013 /PRNewswire/ Monarchy Resources, Inc., (Monarchy) (OTCBB: MONK) today announced that the company has provided guidance of its first portfolio company New World Metals S.A.P.I. de C.V., (NWM)
On July 9th, 2013 Monarchy Resources, Inc., announced that the company increased Monarchys ownership stake in NWMs to 45%.
In 2013, NWM began the process of acquiring a 250-ton per day processing plant. The first stage of the processing plant has an expected 4th calendar quarter completion date. In the past NWM has sold its precious metals concentrate to other processors in the region at steep discounts of nearly 50% in an effort to generate revenue on its ore. New World Metals is now stockpiling its ore until the completion of the plant to maximize its profits.
Steve Staehr, CEO of Monarchy says, NWM has is working hard on a daily basis stockpiling its ores and we look forward to monetizing the efforts once the processing plant is in place for 4th quarter of this year. Steve continues to say, The success of Monarchys business model is predicated on investing into mining companies that are in production or near production. In the case of NWM, they are in production with approximately 23 full time employees. This final stage of processing will now provide both NWM and Monarchy with higher returns for its vested time and money.
Upon on the completion of this initial plant, past assays and past concentrate sales it is estimated by NWM could generate gross profit of $75,000 USD per day. Based on Monarchys ownership in NWM these estimates could generate nearly $8 million USD of net annual revenue to Monarchy. Current inventory is 8,500 tons of ore.
The following chart displays the daily anticipated earnings of the initial processing plant estimated to be in production for 4th quarter 2013:
About Monarchy Resources
Monarchy Resources (Monarchy) engages in a variety of investments in historically significant, mining claims and mining real estate world-wide with mineral reserves primarily consisting of precious metals. Monarchy takes a minority, non-operated position in precious metal mining projects. We combine experienced management, low overhead and capital towards promising strategic acquisitions. We allow operators to remain focused on their operated interests and in return Monarchy receives revenue share of the profits from such participation. Monarchys non-operated position continues to gain momentum as Monarchy partners with more operators and land professionals. tool.
About New World Metals
New World Metals Corporation (NWM) is a 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 200 tons per day. As of 2013 the company is in the process of acquiring a 250-ton per day processing plant. They will expand their mine production to 360 ton-per-day within two years.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including the Companys beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic funding and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Companys filings with the Securities and Exchange Commission, including its most recent Forms 10-K and 10-Q. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.
