Monument Mining Ltd. MMTMF

19,000 ounces Produced, 15000 ounces Sold

[nozzpack]

Imagine what this mine will do when fully tuned to capacity ..

tdate, the flotation plant has produced over 16,000 tonnes of concentrates at a grade of 37 grams per tonne gold.

( 16,000 tons times 1.2 ounces per ton = 19,000 ounces valued at $45 m in CAD


Shipments have been made to three separate buyers, and negotiations continue with several potential new customers.

To date, over 12,500 tonnes of concentrate have been delivered to Johor and Port Klang free zones.

( 12500 tons times 1.2 ounces per ton = 15,000 ounces worth $37 million in CAD


Export permits have been renewed with the relevant state authorities as required

. Transport of the latest delivery of 3,500 wet metric tonnes to Port Klang free zone has been completed with vessel to depart in mid-January, 2024.

( 3500 tons times 1.2 ounces per ton = 4200 ounces worth $11 m cad


Sale of a further 3,000 tonnes of concentrate currently available has been finalized, and shipment preparation of the concentrate to the port is in progre

3000 tons times 1.2 ounces per ton = 3600 ounces worth $9 milliin cad 

Add it all up.

We are coming along a bit slower than expected but we are well into robust cash flows and increasing our cash balance 

[ArtieFufkin]

When was the last time we had an unscheduled, detailed and upbeat release like this?  The whole vibe around that update is of a company that knows it's finally got all its ducks lined up and is growing in confidence. 

[Freddy1989Germa]

Correct, it seems that MMY finally knows where it is going with the right leadership.    And I also think the profitability study on Murchsion is very good because at least we know exactly what needs to be done and what costs MMY will incur.