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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 Sep 30, 2024 11:40am
663 Views
Post# 36246877

Q4 …..Finally

Q4 …..FinallyAlmost everything is close to bench mark forecast with grades above, recovery at 82% versus 87% expected, updated / replaced/ modified processing lines moving very close to full capacity , the Breakeven at $1175 almost spot of forecast of $1115 US and gold production at 12,000 ounces versus about 14,000 ounces expected.

We sold just 10,000 ounces so the pace of concentrate sales needs a little adjustment relative to production

Free cash flow in Q4 was $7 million cad or about $28 million cad per year annualized.

Thats about 8.0 cents per share.
Peer trading multiple for juniors  is about 7.5 times free cash flow which converts to a target in excess of $0.50 per share .

Its been a long wait but we are finally hitting close to full stride of over 55,000 ounces per year with no debt and a growing cash balance .

Q4 annualized was close to $100 million cad in annual revenues on 10,000 ounces of sales heading for $175 million cad in this current fiscal year.

And we have those very valuable Mur hison assets for possible Spinout..

GLTA
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