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 Sep 19, 2023 1:36pm

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Post# 35643760

2900 ounces in Finished Goods Inventory exit March 2023

Inventory at that time was $10.9 million US

Finished goods included 400 ounces of gold bullion held in the metal accounts (June 30, 2022: 1,986 ounces) and 2,440 ounces of gold concentrate held at Selinsing site (June 30, 2022: nil ounces).

So, about 2900 ounces worth about $7 million CAD.

I assume the gold bullion which is oxide gold will be sold in Q4 but perhaps not all of the concentrate if any.

Nice little buffer..

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