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Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

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

Post by nozzpackon Dec 10, 2024 10:23am
124 Views
Post# 36354573

Gold Recovery Significantly affects Cash Flows

Gold Recovery Significantly affects Cash FlowsIn Q1, Mmy mined 10,500 ounces but because recovery was just above 76%, only 8059 ounces were recovered to be sold.

However, our mining costs are based on ounces mined, not ounces produced.

Q2 recovery looks to be in the 87% range.

Had that been the case in Q1, 9200 ounces would have been recovered for sale and our cash costs significantly lower.

In summary, the financial metrics for Q2 will be a substantive gain relative to Q1 in addition to gold sales..


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