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.

TSXV:MMY - Post by User

Monument Mining Ltd > Q4 earnings of $6.2M ?

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Sep 30, 2024 10:12pm

89 Views

Post# 36247642

RE:RE:RE:Q4 earnings of $6.2M ?

That is correct which annualized from 10,400 ounces sold of 12,100 ounces produced is $25 million US and $33 million CAD per year or about $0.10 per share in CAD.

Had we sold the full 12100 ounces in Q4, our net earnings would have been 15% higher or about 11.5. cents per share CAD on an annual basis.

So, we are trading at just 2 times net earnings with substantial production growth ahead.

This is a remarkable performance which justifies a share price about $0.60 per share .

Perhaps that promised dividend is not too far away..

<< Previous

Bullboard Posts

Next >>

This battery metals stock is on a path to the global stage