Monument Mining Ltd. V.MMY

Monument Achieves Commercial Production

[Betteryear2]

VANCOUVER, British Columbia, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to announce that commercial production has been achieved at the Selinsing Gold Mine in Malaysia that has operated 30 days consecutive production of gold concentrate at 90% of designed capacity.

Monument Achieves Commercial Production at Selinsing Gold (globenewswire.com)

[nozzpack]

Very QUICKLY, looks like about 7800 ounces produced in Q1. Still some problems impairing recovery rates othewise , production would have exceeded 10000 ounces. So we are getting there with Q2 perhaps hitting 12000 ounces of production.... More later

[romara]

Yes.... if it's 10,000 oz Au per quarter..... that close to 100 milion CAD per anum gross proceeds ..... this "whine" is getting better by the day. .... Richard

[nozzpack]

So, the residual problem is that they were still mixing and processing lower grade transition ore with oxides that resulted in a 61.4 % recovery . Breast plate is about 83% recovery which is 33 % higher than 61.4 % and would have increased concentrate contained gold production to about 10,500 ounces . That ain't too bad at this stage of the game. They now have the new mining fleet fully

[Freddy1989Germa]

Hello, I also wanted to get in touch briefly. We here in Germany are looking forward to the quarterly figures next week, perhaps as early as Monday) In any case, the report sounds very good. I bought another 85,000 shares on the Friday before the report came out and had to go through the TSX. In Frankfurt and Co stocks were available and apparently tried to buy for 2 days.

[nozzpack]

Sounds good Freddy. You will do very well..