Monument Mining Ltd. V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

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.

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Monument Mining Ltd.

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Post by nozzpackon Apr 05, 2023 6:04pm

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Post# 35382040

Q3 Profuction

As of Feb. 28, 2023, Ore mined includes approximately 93,000 tonnes of sulphide ores and 61,000 tonnes of oxide ores.

At 2.02 gms per ton , the 93,000 tons of sulphides contained about 6000 ounces of gold which @90% recovery converts to about 5400 ounces within concentrate

As at March 23/22 ,they had approximately 75,000 tonnes of sulphide ore in stockpile or around one month's supply for the processing plant.

This ore would have contained about 5000 ounces of sulphide gold .
Approximatly 18000 tons of this ore could have been processed in the last week of March which would have recovered another 1000 ounces of gold within concentrate .

So, very roughly, in Q3 ending in March 2022, up to 6000 ounces of gold within concentrate could have been produced for sale.

At $2500 cad per ounce, gross revenues would be about $15 million cad less $1.5 million for smelting which nets about $13 million cad in revenues for Q3.