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$Pelangio Exploration (TSXV:PX) $Gold: A Journey With Idris Elba
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$doradon Thanks - GOD'S $Gold On Fire - $NEWS - $Monument Reports Second Quarter Fiscal 2023 ("Q2
FY2023") Results
March 1, 2023
View PDF
Gross Revenue of US$5.87 Million and Cash Cost of US$1,507/Oz
Vancouver, B.C., March 1, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its production and financial results for the
second quarter of fiscal 2023 and the six months ended December 31, 2022.
All amounts are expressed in United States dollars (“US$”) unless otherwise indicated
(refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, “I am pleased to report during the second
quarter our Selinsing Gold Mine has filtered first gold concentrates with completion of
dry/wet flotation plant commissioning.
The ramp up period commenced subsequent to the second quarter yet to bring the project
to commercial production.”
Second Quarter Highlights:
https://monumentmining.com/news-media/news/2023/monument-reports-second-quarter-fiscal-2023-q2-fy2023-results/
Gold Production @ Low Cost & Very Undervalued Bargain - Thanks -
WELL; Monument Mining OWN & HAVE 3 GOLD MILLS NOW - And )
Selinsing have One BIOX and One New SULPHIDE MILL - )
Well Monument Mining have produced 1000 Gold Bars - )
and the next 1000 Gold Bars should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
RE: NEWS - Monument Mining President and CEO Cathy Zhai
commented, “During commissioning we have identified some
bottlenecks and are working with Mincore to fix them.
Up to date the flotation plant has delivered saleable concentrate of approximately
1,707 dry tonnes at 35.12 g/t Au with gold content of 1,928 troy ounces. )
Figure 2. Plant Inspection
https://www.globenewswire.com/news-release/2023/02/27/2616400/0/en/Monument-Progresses-Flotation-Commissioning-at-Selinsing.html
As of February 22nd, 2023, a total of 1,707 dry metric tonnes of gold concentrate have been
produced with an average gold grade of 35.12 g/t Au (1,928 troy ounces).
A fast Production Gold Au Estimate DD by a Monument Mining Investor: -
Ex.gracia -
Scoping of concentrate Production…52,000 ounces
We have some very interesting tidbit provided in todays NR which can be combined with
FS information to scope out annual concentrate production
...950,000 tons of mill feed per year ( about 3000 tpd )
....Mass pull of 5% ( ie 100 tons of ore is concentrated by a factor of 20 to 5 tons of
concentrate )
..head .grade of 1.95 gms per ton ( oxides removed )
....recovery of 85%
So , we have 1.95 gms/ ton. X 20 X 85 % = 35 gms per ton which is spot on the
performance reported today.
950,000 tons of head feed is concentrated by a factor of 20 ( ie Mass pull of 5% ) to 47000
tons of concentrate containing 1.1 ounces of gold per ton .
This computes to about 52,000 ounces of gold per year contained within 47000 tons of gold
concentrate
The Feasability Study included Biox and also oxides .
It quoted 60.000 ounces per year in the initial years of production .
So, removing the oxides from the mill feed and 53,000 ounces of sulphide gold produced
per year seems quite good and meets breast plate production rates.
Reducing production by about 10 % for smelting and transportation costs and our net gold
sales will be about 48,000 ounces per year which at current POG of $2259 CAD per ounce
will result in about $105 million CAD in annual revenues.
The FSR analyst report calculated a 30% cash flow margin which is just over $30 million
CAD per year.
As we have nearly $45 million US in forward non capital tax loss pools to offset income
taxes, that amount ($30 m CAD ) is essentially free cash flows.
There will be need for sustaining capital , so remove $5 million for that and we have about
$25 million or about $0.08 per share in free cash flows or equivalently in the absence of
taxes, net earnings
This gets us to about book value of $0.48 per share at a very modest 6 times annual
earnings
So todays NR provided an excellent insight into our FP production outlook .
As importantly , it confirms and conforms quite well with the 2019 Feasability Study which is
quite reassuring.
Considering that we have over $75 million in asset value in our Murchison
Project, Monument is now a screaming buy.
" As of February 22, 2023, a total of 1,707 tonnes of flotation concentrate have been
produced at an average grade of 35.12 g/t Au...1928 ounces of gold"
Comment on this Post
(All time best to make your own DD)
Welcome ; Can we produce/ sell 10,000 ounces in Q3
Q3 is this quarter ending March 31/23.
We have 30 days in March to do so .
Head feed is 3000 tons per day, so if all goes well, we should
produce 90,000 tons of ore in March.
With a mass pull of 5%, that will result in about 4500 tons of
concentrate , containing 1.1 ounces per ton which is
about 5000 ounces of gold.
We have already produced 1829 ounces to date during ramp it ,
up to a week or so ago.
Now, we have ....recalling from memory ..about 3000+ ounces of
bullion in Inventory that was saved from Q2 and
Q3 production in F22..
So, with breast plate production of about 5000 ounces for
March....if no more significant hiccups.. and
nearly 2000 ounces in the bag already ,
along with over 3000 ounces of bullion in our vaults,
we could see up to 10,000 ounces sold in Q3...?..if
all going good -
About $23 million in gross sales .
The FSR projected 22,000 ounces in F 2023.
That looks reasonably certain right now....if ramp up proceeds
without any major hiccups.
This is the best news we have had - so.. more Great PR NEWS
this week at PDAC should be made -
Company Profile & Information (TSXV:MMY)
Contact Information
Address
1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6
Telephone
+1 604 638-1661
Website
http://www.monumentmining.com
Fax
+1 604 638-1663
Email
info@monumentmining.com
Details
CEO
Cathy Zhai
Issue Type
Common Stock
ISOCFI
ESVUFR
Auditor
GRANT THORNTON LLP
Last Audit
Unqualified Opinion
Well we have produced 1000 Gold Bars - )
and the next 1000 should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
Watch; China just SHOCKED the world and the U.S. is in real trouble | Redacted with Clayton Morris Redacted
1.42M subscribers
DDhawk LOVE MUST WATCH LIVE: PRESIDENT DONALD J. TRUMP HOLDS SAVE AMERICA RALLY IN LATROBE, PA – 11/5/22
by RSBN
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Saturday, November 5, 2022: Join the RSBN broadcast crew LIVE from Latrobe,
PA for all day coverage of President Donald J. Trump’s SAVE AMERICA rally.
President Donald J. Trump, 45th President of the United States of America, will
hold a rally in Latrobe, Pennsylvania on Saturday, November 5, 2022, at 7:00PM EDT.
Saturday, November 5, 2022, at 7:00PM EDT
GOLD SURGES $55: Nomi Prins Says China & Russia Will Use Their Massive Gold Hoards To Form A New Currency
November 05, 2022
https://kingworldnews.com/gold-surges-55-nomi-prins-says-china-russia-will-use-their-massive-gold-hoards-to-form-a-new-currency/
BOMBSHELL: Dr. David E. Martin Gives Explosive Jaw Dropping Info!
Patriots Base Published November 4, 2022
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Derek Johnson: Intel: Law & Order, Trump, Midterm - What's Next?
Patriots Base Published November 3, 2022
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Situation Update: Worldwide Military Coups Activated! DOD Law Of War Activated!
Patriots Base Published November 3
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KICK1 or anyone; please; what about; The Great Unwind II
Nov 2, 2022
·
Alasdair Macleod
With price inflation rising out of control and interest rates rising strongly, the trading
environment for commercial banks has fundamentally changed.
With bad debts looming and bond prices in entrenched downtrends,
procrastination is now the enemy of bankers.
We are at the beginning of The Great Unwind, and this article elaborates on my
first article for Goldmoney on the subject published here.
https://www.goldmoney.com/research/the-great-unwind-1?gmrefcode=gata
Aris Mining Corporation (Aris Mining) (TSX: ARIS) (OTCQX: TPRFF)
Low Bargain Close -
We should see the 3Q earnings report next month. I am hoping for a definitive
gold production forecast for 2023 and 2024.
Marmato underground operations and the mill capacity up grade at Segovia
from 1500 to 2000 tpd, are near term
drivers for the company.[/b[
b]Aris Mining appoints Mónica de Greiff as a member of the Board of Directors
October, 04, 2022
VANCOUVER, BC, Oct. 4, 2022 /PRNewswire/ -
Aris Mining Corporation (Aris Mining) (TSX: ARIS) (OTCQX: TPRFF) announces
that, effective October 1, 2022, Mónica de Greiff was appointed as an
independent member of the Board of Directors, and as Chair of the Sustainability
Committee of the Board.
ARIS Mining (CNW Group/Aris Mining Corporation)
Mónica de Greiff was a member of the GCM Mining board of directors from 2018 to 2020, when she left to accept the position of Colombian Ambassador to Kenya. She has held positions in both the public and private sectors, including as Minister of Justice for the Republic of Colombia and Vice Minister of Mines and Energy. Ms. de Greiff is also a former member of the Board of Directors of the United Nations Global Compact, the world's largest corporate sustainability initiative.
Ian Telfer, Chair of Aris Mining, stated "I am delighted to welcome Mónica to our Board of Directors. She brings considerable experience within Colombia and in the highly valued and important area of sustainability. We look forward to her contributions to our business as we continue to grow and enhance our commitment towards ESG."
About Aris Mining
Aris Mining is a Canadian company led by an executive team with a track record
of creating value through building globally relevant mining companies.
In Colombia, Aris Mining operates several high-grade underground mines at its
Segovia Operations and the Marmato Mine, which together produced 230,000
ounces of gold in 2021.
Aris Mining also operates the Soto Norte joint venture, where environmental
licensing is advancing to develop a new underground gold, silver and copper
mine. In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper
project with expected average gold production of 225,000 per year over the life of
mine. Aris Mining plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Aris Mining promotes the formalization of small-scale mining as this process
enables all miners to operate in a legal, safe and responsible manner that protects
them and the environment.
Additional information on Aris Mining can be found at
http://www.aris-mining.com
and www.sedar.com.
https://www.aris-mining.com/operations/operating-mines/segovia/overview/default.aspx
https://www.aris-mining.com/investors/events-and-presentations/default.aspx
https://www.aris-mining.com/news/news-details/2022/Aris-Mining-appoints-Mnica-de-Greiff-as-a-member-of-the-Board-of-Directors/default.aspx
CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/aris-mining-appoints-monica-de-greiff-as-a-member-of-the-board-of-directors-301640112.html
SOURCE Aris Mining Corporation
VIEW ALL NEWS
GCM Mining Corp. (formerly Gran Colombia Gold)
(TSX: GCM / OTCQX: TPRFF)
Accretive Acquisition to Drive Valuation Higher
BUY
https://www.researchfrc.com/wp-content/uploads/2022/08/GCM-Aug-2022-Update-1.pdf?vgo_ee=TMO54WfXmKl1gA%2FTEb1O1%2FlMy%2BOWWuyaZunZiCXh6gI%3D
Current Price: C$3.35
Fair Value: C$10.09
Risk: 3
GCM Mining Corp. PowerPoint Presentation
https://s28.q4cdn.com/389315916/files/doc_downloads/2022/07/Aris-Gold-GCM-presentation-25-July-2022.pdf
$In GOD We Trust - Real Money - AU Safety 6000yrs )
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
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GOLD STANDARD; THE REAL LEGAL MONEY:
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https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.America