Post by
romara on Dec 23, 2023 1:17pm
A Christmas Present from Monument Mining
The below listed information has been taken from the latest MD&A of Monument Mining Limited. The paragraph breakdown, bold and Italic type is mine
Merry Christmas shareholders ....... Richard
1.2 Company Overview
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer and mining asset developer. The Company owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project portfolios, and a 20% interest in the Tuckanarra project Joint Venture (JV) as of September 30, 2023. 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. Murchison, comprised of the Burnakura
and Gabanintha projects, and the 20% free carrying interest in Tuckanarra, is located in the Murchison region, Western Australia (“WA”),
Australia.
Monument’s primary business activities include gold mining production and exploration.
The business strategy consists of four perspectives.
The shareholder perspective is to provide a satisfactory return to shareholders.
The growth perspective is to increase its mineral resource inventory to achieve long-term sustainable production.
The operational perspective is to maximize production
performance and efficiency and to enhance exploration success.
The financial perspective is to have effective budgetary and cost control,
maintain efficient operational excellence and improve the quality of assets by advancing exploration and evaluation projects to production.
The Company’s long-term goal is to become a sustainable dividend paying gold producer.
As a junior gold producer, Monument’s overall strategy is to build incremental gold Resources and Reserves through exploration,production expansion and disciplined acquisitions, as well as to build up market awareness in order for the market to reflect the Company’s value thus transforming the Company’s upside potential to benefit its shareholders.
The Company grows its value by developing gold assets and building up gold reserves that provide sustainable cash flow therefore creating value for shareholders that can be reflected in the market capitalization.
Our strategy is to focus on these three areas through exploration, expansion, and disciplined acquisitions.
The Company sets its near-term goals are summarized as follows:
Optimize sulphide gold concentrate production and mine development at Selinsing
Upgrade Murchison to a potential cornerstone gold project of the Company; and
Proceed with disciplined acquisition or corporate transaction to increase the Company’s market profile
Monument has an experienced management team with the demonstrated ability to advance projects from exploration to production, andeffectively and profitably operates producing mines.
The Company employs approximately 245 people and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees as well as for its neighboring
communities.
Monument’s Head Office is located in Vancouver, British Columbia, Canada. It operates through its subsidiaries in Pahang
State, Malaysia and Western Australia, Australia.