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. > Detailed Data Incorporated F2023/24 Production

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Post by nozzpackon Aug 02, 2023 9:35am

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Post# 35568650

Detailed Data Incorporated F2023/24 Production

I have examined the documented production statistics as of the latest report which was June 18 2023 .
Viz
1....The concentrate shed was expected to be completed by mid-June and will hold enough capacity for over 4,500 tonnes of concentrate, or one month's production ( 54000 tons per year.)

2... Quarterly mining rates of 80,000 tons mined were reached in May 2023

3....Quarterly Mining rate was expected to reach 240,000 tonnes of ore in 6 months .

4...The arrival of the new mining fleet will help enhance the mining rates.

5.. the FP plant was at 99 % of capability in Late June

6. By May 30 2023 the flotation plant had produced approximately 3,450 dry metric tonnes (DMT) of concentrate with an average gold grade of 36.2 g/t [1.165 oz per ton grams per tonne], containing 4,015 troy ounces of gold.

7..5000 tons of concentrate had been produced by June 18 2023 but less than 500 tons had been sold .

8..I assume that 4500 tons of concentrate containing 5300 ounces of gold were carried over for sale in F2023/24 whuch started July 1 2023

9..I assume generously 3 month shutdown for Monsoons but wil check CNMC to see if this is too much .

10.. to avoid Monsoon mining shutdown beyond 2023/24 , Monument will have to build a mining stockpile of about 240,000 tons in excess of quarterly production needs ( 240,000 tons or 3 months production

11..POG is assumed to average $1850 US = $2500 CAD

12..Based on my calculatins , Q1 of 2023/24 will have 8300 ounces of gold to sell, including 5300 ounces carried over from F22/23 ( point #8 ).

13..Q1 will therefore be huge quarter, generating $21 million CAD in Revenues

GLTA

Month	Tons Mined	Mass Pull	Concentrate (tons)	Grade ( oz )	Ounces Produced

2023 July	134000	0.019	2550	1.165	3000
August	161000	0.019	3060	1.165	3550
September	183000	0.019	3480	1.165	4050
October	215000	0.019	4080	1.165	4750
November	240000	0.019	4560	1.165	5300
December	240000	0.019	4560	1.165	5300
2024 January	240000	0.019	4560	1.165	5300
February	240000	0.019	4560	1.165	5300
March	240000	0.019	4560	1.165	5300
April	240000	0.019	4560	1.165	5300
May	240000	0.019	4560	1.165	5300
June	240000	0.019	4560	1.165	5300

total	2613000				57750

3 m Monsoon Shutdown					13500
2023 Carryover					5300
F2024 Net Production					49550
POG=$2450 CAD					$122 M CAD