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 | |