Monument Mining Ltd V.MMY

Financial Results - 2nd Quarter

[romara]

This what it is all about....

"FINANCIAL RESULTS

First quarter financial results

• Q1 gold sales generated revenue of $6.91 million for 4,607oz gold sold from 3,719 dry matrix tons (DMT) of gold concentrates at the average realized gold price of $1,939/oz (Q1 FY2023: revenue of $0.71 million for 400oz of gold bullion sold at the average realized price at $1,772 per ounce).
• Mining operations before non-cash amortization and depreciation generated a gross margin of $3.01 million, an increase of 49 times from $0.06 million in Q1 FY2023.
• The cash cost from the sulphide flotation gold production was $847/oz (Q1 FY2023:N/A)."

From the NR, 2nd Quarter Financials MMY dated 30 Nov. 2023

....   Richard

[deiwel]

the aisc cost are calculated on sold gold and not on produce, so need to be also fewer, i  see in q report

[nozzpack]

That is correct . Q2 revenues are going massive..  

[deiwel]

As in her news they calculate the Aisc per ounce sold and not produced.i just check again

[deiwel]

[deiwel]

npv with 600 aisc

[deiwel]

[nozzpack]

Thank you C. That fact that the AISC was actually just $627 US per ounce in Q1 of F2024 based on Q1 production rather than Q1 sales is quite impressive . We are very well situated to become a veritable cash cow not only in this quarter but also increasingly so going forward . If POG is sustained in the $2000 level, it's not too difficult arrive at a target of $0.75..

[deiwel]

mmy no spam https://twitter.com/GoldForecast/status/1731742093616271788?s=20

[SilverNS]

Hey Nozz - I want a dollar