Monument Mining Ltd V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. 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.

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Monument Mining Ltd > q2

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Comment by nozzpackon Mar 01, 2024 7:35am

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Post# 35908537

RE:q2

Production has stabilized at about 6800 ounces per quarter , still constrained by commissioning problems but now those seem to have been resolved.

Sales of about $14,5 million CAD are still substantially lagging priduction as we have a whopping 8200 ounces of concentrate in our inventory which is worth about $20 million cad.

Gross margin is 43% which is above average and should move over 50% when those 8200 ounces in inventory are sold .

AISC of $1175 US close to FS study of $1100.

Lots of other good development info in the report including Murchison .

Getting those 8200 ounces to market should be done in Q3 ...

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Advancing flagship Ishkõday Gold Project in Ontario