TSXV:MMY - Post Discussion
Post by
sdhaka on Jul 17, 2024 1:48pm
Exciting Times Ahead for Monument Mining Ltd.
Hey everyone, The gold market is really heating up, with spot prices hitting $2,467.04! It's no surprise we're seeing so much interest in gold, especially with strong GDP growth, lower interest rates, and ongoing economic uncertainties driving this momentum. Given the Fed's policies and geopolitical tensions, I'm feeling bullish about our prospects.
Monument Mining is well-positioned to capitalize on this surge. The Selinsing gold mine is transitioning to higher-grade sulfide materials, potentially extending the mine’s life by up to 14 years and significantly boosting annual production.
Some key highlights that have me particularly excited:
- FY2024 (9M) gold production up 225% YoY.
- Cash costs reduced from $1,536 to $878/oz.
- Positive net income and free cash flows.
- $23M in working capital with no debt.
- MMY is trading at 0.5x forward EBITDA, while the sector average is 4 oz.
- Positive net income and free cash flows.
- $23M in working capital and no debt.
- Trading at 0.5x forward EBITDA vs. the sector average of 4.4x.
Given these strong fundamentals, I believe we're on track for record production and EPS in FY2024 and FY2025. It's an exciting time to be an investor in MMY! For those who want a deeper dive into Monument Mining’s potential and the current gold market dynamics, be sure to check out the full report: https://www.researchfrc.com/content/reports/post/111/anticipating-record-gold-production-and-eps
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