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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 26, 2023 7:14am
140 Views
Post# 35653930

Producing 8500 ounces per Quarter in last Comm Month

Producing 8500 ounces per Quarter in last Comm MonthIt appears no one really reads the details contained in the recent NR which states..


The throughput of the sulphide gold treatment plant achieved 90 per cent of design capacity for the 30-day period up to Aug. 16, 2023, thereby achieving the requirement for commercial production.
Mill availability during this period was 94 per cent and flotation mass pull was acceptable at 3.4 per cent versus design of 3.5 per cent.

As a result concentrate  production was at 79 tonnes per day in line with the designed protocol, considered satisfactory given the variability of the transition ore processed.

Thats 2400 tons of concentrate per the last month of commissining or about 7200 tons per quarter which @1.2 ounces per ton is 8500 ounces per and 34000 ounces per year rate.

Note the last statement..


...given the variability of the transition ore processed.

That tells you a lot .


We are now producing out of stored Inventory
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