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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

Post by nozzpackon Sep 07, 2023 7:19am
123 Views
Post# 35623479

August in the books….10,000 ounces sold

August in the books….10,000 ounces sold
There were 6000 ounces in unsold concentrate left over from Q4 of 2023 that undoubtedly were sold in Q1 todate of this fiscal year beginning on July 1

But, going back to my previous post for Q1

.....and assuming   no increases in FP operating efficiency relative to Q4 of 2023 when it was just 70 % of breast Plate des
pite the fact that 99 % was the case at exit Q4

.....Or that recovery remained at 55 % despite the fact that it was at 68 % in June of 2023 .

Under such a conservative assumption , we would see Q1 production of at least 8400 ounces ( 4200 x 2.0 ).

At least , under the most severe of assumptions , another 4200 ounces of gold in concentrate would have been produced and sold so far in Q1 for total gold sales in Q1 for the first two months of about 10,000 ounces ( 6000 plus 4200 ) valued at about $22 million in CAD.

and still September production to contribute.

I feel very confident of my previous estimate of about 15000 ounces in sales in Q1..


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