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Monument Mining Ltd. V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.


TSXV:MMY - Post by User

Comment by nozzpackon Mar 01, 2024 7:35am
88 Views
Post# 35908537

RE:q2

RE:q2Production has stabilized at about 6800 ounces per quarter , still constrained by commissioning problems but now those seem to have been resolved.

Sales of about $14,5 million CAD are still substantially lagging priduction as we have a whopping 8200 ounces of concentrate in our inventory which is worth about $20 million cad.

Gross margin is 43% which is above average and should move over 50% when those 8200 ounces in inventory are sold .

AISC of $1175 US close to FS study of $1100.

Lots of other good development  info in the report including Murchison .

Getting those 8200 ounces to market should be done in Q3 ...


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