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Monument Considering Monetizing its satellite deposits
Discussion
by nozzpack on Oct 24, 2024
Monument Considering Monetizing its satellite deposits
Not at all surprised by this .Rubber Hill for example has tremendous promise for oxide resources.
Peranghi is yet another.
We have a 1 million ton per year oxide mill which is in care and maintenance .
So, why not invest $5 million to increase our upstream ball mills/ crushing capacity so
that oxide ore mining can resume by reopening the Selinsing mill.
Its nice to see that Dato sees the much larger picture..
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com/
Thanks Bob... glta
Love to hear news like this. Thank you NYBob.
Very Very Substantial Drilling News from ODY
Remember that these deposits are orogenic in origin...Quartz veins and stockworks ( vein swarms ).
All of the orogenics that I am aware of locally,,.V Lake and Queensway of NFG have gold nodes at
1000 meters or deeper.
Not too far from Turkie is the best known orogenic gold mine.
It took them nearly 75 years but about 8 years ago they discovered the 2 ounce per ton Eagle and
Swan nodes of Fosterville which made many of us rich.....owning Kirkland Lake.
So very high probability is on our side that gold discoveries at Turkie deeps will reach 1000 meters or
more....and this applies to other of our Murchison deposits.
None of these have been drilled deeper than 150 meters .
So , hold tight hand buy on weakness,,
Comment by nozzpackon Oct 24, 2024 4:18pm
9 Views Post# 36280927
Joint Venture Partner Ody
https://stocknessmonster.com/announcements/ody.asx-6A1222188/
Stock Screener: Ep. 431: Monument Mining (MMY.V): Spectacular Grades
Stock Screener: Ep. 431: Monument Mining (MMY.V): Spectacular Grades
NYBob what would now be the fair value / share Canadian since gold prices have had a nice runup since this was written? Guessing maybe from $0.51/CA to about $0.66/CA?
Take a look at charts on ERLFF and fgovf. We could be next in line for hockey stick pop.
T
Monument Reports Fourth Quarter and Fiscal 2024 Results
September 30 2024 - 11:00AM
https://ih.advfn.com/stock-market/TSXV/MMY/stock-news/94634735/monument-reports-fourth-quarter-and-fiscal-2024-re
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its annual financial results for the year ended June 30, 2024 (“Fiscal 2024” or “FY 2024”). All amounts are in United States dollars unless otherwise indicated (refer to www.sedar.com for full financial results).
Cathy Zhai, the President and CEO commented, “Fiscal year 2024 was a remarkable year for the Company. The gold production generated $51.42 million gross revenue with net earnings of $6.44 million, or $0.02 per share contrary to net loss of ($6.27) million, or ($0.2) per share last year. $14 million cash flow with $10.86 million on hand and a healthy working capital of $20.55 million has turned around the Company to a much stronger financial position. The operation is sustainable and we are ready to move forward with further corporate development.”
Ms. Zhai further added: “The Company is assessing the potential production restart at the Murchison Gold Project while gold prices are at record high, and capitalizing its effort on resource expansion, market growth and returning to our shareholders.”
Fiscal Year 2024 Highlights:
Heathy cash flow, stable production: a net cash of $14.39 million generated from FY 2024 production compared to $0.12 million in FY 2023, increasing the cash balance to $10.86 million as of FY 2024 from $5.96 million at of FY 2023.
Working capital increased 109% to $20.55 million at the end of FY 2024 from $9.82 million at the end of FY 2023
Net profit positive: $6.44 million for FY 2024, or $0.02 per share, compared to a net loss of $6.27 million for FY 2023, or ($0.02) per share;
Significant increase in gross margin by 14 times: $24.83 million for FY 2024 compared to $1.75 million in FY 2023;
2024 production performance:
31,542 ounces of gold produced (FY 2023: 10,775 ounces);
30,713 ounces of gold sold at a record average realized price of $2,116 per ounce for gross revenue of $51.42 million (FY 2023: 7,060 ounces sold at an average realized price of $1,824 per ounce for gross revenue $12.39 million);
Cash cost per ounce sold of $866 per ounce (FY 2023: $1,507 per ounce);
A decrease of 32% in all in sustaining cost to $1,173/oz in FY 2024 compared to $1,722/oz in FY 2023.
Fourth Quarter Production Highlights:
Gold concentrate production improved during the three months ended June 30, 2024 (“Q4 FY2024”), with a total of 12,003 ounces of gold produced;
10,413 oz gold sold at an average realized price of $2,295/oz for $18.60 million (Q4 FY2023: 1,910 oz gold sold for $3.18 million in total including 1,148 oz at $1,949/oz for $1.74 million from gold concentrate sales and 762 oz at $1,883/oz for $1.44 million from gold bullion sales);
Cash cost per ounce for gold concentrate sold at $842/oz (Q4 FY2023: $917/oz);
AISC decreased to $1,183/oz (Q4 FY2023: $1,567/oz).
Fourth Quarter and Fiscal Year 2024 Production and Financial Highlights
https://ih.advfn.com/stock-market/TSXV/MMY/stock-news/94634735/monument-reports-fourth-quarter-and-fiscal-2024-re
GOD BLESS
wow Great work)
Fourth Quarter Production Highlights:
Gold concentrate production improved during the three months ended June 30, 2024 (“Q4 FY2024”), with a total of 12,003 ounces of gold produced;
10,413 oz gold sold at an average realized price of $2,295/oz for $18.60 million (Q4 FY2023: 1,910 oz gold sold for $3.18 million in total including 1,148 oz at $1,949/oz for $1.74 million from gold concentrate sales and 762 oz at $1,883/oz for $1.44 million from gold bullion sales);
Cash cost per ounce for gold concentrate sold at $842/oz (Q4 FY2023: $917/oz);
AISC decreased to $1,183/oz (Q4 FY2023: $1,567/oz).
https://ceo.ca/[@ userid=2024]-results
Should we be expecting the Q4 results soon?
Very interesting. Here's to hoping them big success. Thanks NYBob.
Joint Venture Partner Ody
https://stocknessmonster.com/announcements/ody.asx-6A1222188/
Post by Freddy1989Germaon Aug 27, 2024 9:17am
Very true, but I would feel better seeing the share prices in the US and Canada on a nice, gradual incline.
Well, it doesn't matter, we all know the value of the company, so I continue to buy whenever money is available.
Some day the world will realize what an undervalued company this is by increasing the share price to a more realistic level.
Report out 0.51 fair value -
https://cdn-ceo-ca.s3.amazonaws.com/1j8gklp-Monument%20Mining%20-%20July%202024%20-%20Update-1.pdf
Let's see how the gold price continues to develop Bank of America assumes 2600 to 3000 dollars in 2025 - MMY should earn very well
and the company has 0 debt and a cash position, which I think is good.
Wow, What statements from BASHERS again -
When are you a real mining company did you realize that $MMTMF / $MMY is selling gold every quarter and
increasing their production? almost 9000 ounces -
but around 9000 ounces per quarter; you are of course not a real gold mining company
There will probably be no further dilution
Who said I was talking about Australian penny stocks?
What you don't understand is that management does what it wants, it doesn't care what you want -
that's always been the case.
The current focus is on ramping up Selinsing
the company has been in production since 2009 long enough to sell gold for a “real mining” company.
But you will also learn that you don't achieve anything with these activist wishes,
you do it in other ways to get ahead with MMY, which has been done.
1,000th Gold Bar Produced at Selinsing Gold Mine - October 2019
https://monumentmining.com/videos/
$Monument Reports Third Quarter Fiscal 2024 (“Q3 FY2024”) Results
May 28, 2024, News Release
View PDF
Revenue of US$14.91 Million and Cash Cost of US$882/Oz
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (MMTMF) “Monument” or the “Company” today announced
its third quarter of fiscal 2024 production and financial results for the three and nine months ended March 31, 2024.
All amounts are expressed in United States dollars (“US$”) unless otherwise indicated
(refer to www.sedar.com for full financial results).
https://monumentmining.com/news-media/news/2024/monument-reports-third-quarter-fiscal-2024-q3-fy2024-results/
https://monumentmining.com/videos/
https://monumentmining.com/news-media/photo-gallery/
We have a solid balance sheet and no debt .
And we have 8,179 ounces of gold concentrate held at Selinsing site in our inventory awaiting sales
....that's about $24 milllion CAD entering our bank account over the next quarter or so.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174422992
Thanks NYBob. Maybe the share price will get going in this next quarter?
$Monument Reports Third Quarter Fiscal 2024 (“Q3 FY2024”) Results
May 28, 2024, News Release
View PDF
Revenue of US$14.91 Million and Cash Cost of US$882/Oz
$Monument Mining Limited (MMTMF) (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced
its third quarter of fiscal 2024 production and financial results for the three and nine months ended March 31, 2024.
All amounts are expressed in United States dollars (“US$”) unless otherwise indicated
(refer to www.sedar.com for full financial results).
https://monumentmining.com/news-media/news/2024/monument-reports-third-quarter-fiscal-2024-q3-fy2024-results/
https://monumentmining.com/videos/
https://monumentmining.com/news-media/photo-gallery/
We have a solid balance sheet and no debt .
And we have 8,179 ounces of gold concentrate held at Selinsing site in our inventory awaiting sales
....that's about $24 milllion CAD entering our bank account over the next quarter or so.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174422992
Monument Reports Third Quarter Fiscal 2024 (“Q3 FY2024”) Results
May 28, 2024, News Release
View PDF
Revenue of US$14.91 Million and Cash Cost of US$882/Oz
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced
its third quarter of fiscal 2024 production and financial results for the three and nine months ended March 31, 2024.
All amounts are expressed in United States dollars (“US$”) unless otherwise indicated
(refer to www.sedar.com for full financial results).
https://monumentmining.com/news-media/news/2024/monument-reports-third-quarter-fiscal-2024-q3-fy2024-results/
https://monumentmining.com/videos/
https://monumentmining.com/news-media/photo-gallery/
Thank you Freddy1989. This helps us know-nothings to partially understand.
Here are the figures for the other producers so that you can perhaps put this into perspective a little better. Posts here often.
Mako Mining: The Company reported US$0.08 in earnings per share (EPS) during the quarter, while selling 9,267 oz of gold at $1,043 All-In Sustaining Cost ("AISC") ($/oz sold (1) (2)).
Jaguar Mining Gold production for the quarter was 16,177 ounces with 15,692 gold ounces sold, at cash operating costs¹ of $1,167 per ounce of gold sold and all-in sustaining costs¹ of $1,608 per ounce of gold sold. Realized gold prices were $2,076 per ounce.
Kinross Gold
Production cost of sales1, 2 of $982 per Au eq. oz. sold and all-in sustaining cost2, 3 of $1,310 per Au eq. oz. sold, both of which are in line with Q1 2023.
Barrick Gold AISC ($/oz)6 1,474 Dollar Q1 2024
Resolute Mining Ltd AISC bei 1.487 USD
Newmont Mining All-In Sustaining Costs (AISC) per ounce of $1,439
Agnico Eagle AISC 1190$/oz USD
Eldorado Gold AISC 1262 US Dollar
Silver Lake Gold AISC 1.522 AUD 998 USD
Sibanye Stillwater AISC 1.335 US$/2Eoz
Robex Resources: Gold production reached 51,827 ounces, at the high end of guidance for the year, with all-in sustaining costs (“AISC”) per ounce of gold sold1 of C$1,285, down 12% from 2022. This is USD 942.77
Westgold Q3 FY24 gold production of 52,100oz Au @ AISC of
$2,492/oz wobei man sagen muss in AUD das sind 1659,22 USD
Evolution Mining Gold production up 15% to 185,252 ounces of gold at a 9.6% lower All-in Sustaining Cost
(AISC)2 of $1,464 per ounce (US$963/oz)3
Northern Star Gold sold totalled 401koz at an AISC of A$1,844/oz (US$1,213/oz)
Monument Mining produced 5,488 ounces of gold (Q3 2023: 2,412 ounces);
- 8,727 ounces of gold sold at a record average realized price of $2,097
Gold production to 19,539 ounces at cash costs of $878 per ounce and AISC of $1,168 per ounce (YTD FY 2023: total of 6,003 ounces of gold
ounces of gold, of which 2,440 ounces from gold concentrate production and 3,563 ounces from gold bullion production at a cash cost
of $1,536 per ounce and AISC of $1,779 per ounce).
Now this concerns K 92, maybe, not MMTMF.
I sincerely hope that all is well. The brief article that I saw did not mention ant town/city names in the immediate area.
bigone, thanks, welcome back. 😊
but I haven't found any info about a landslide near to Monument
property? I also hope that all is safe around Monument.
Maybe an updated company news release soon if anything
bad has happen?
Post by nozzpack on May 27, 2024 10:20am
Q2 for Reference
In USD..
POG...............$1946
Revenue.........$11 million
Production ......6800 ounces
Gross Margin.....47%
Cash cost ......$894 per ounce
I think we have an excellent chance of Doubling Q2 revenues ..
ENJOY -
https://x.com/reinvest131/status/1734948033555497058
I blew it. This was not MMTMF, but K 92. Extremely sorry about the mistake.
NYBob, Was the massive landslide near to the Monument property? Has the site had any disruptions? I read that rescue operations were being inhibited by tribal warfare, also. Hope that all is safe around Monument. Maybe an updated company news release soon?
Thanks again NYBob. We appreciate all the info that you share on Monument and others.
The BRICS are moving so quickly!
If that is what it takes, all the better. Thanks for calming me.
The more volatility the better - often the higher it will FLY!
IMO!
$Monument Mining: Commercial Production in 2023 Established, More Exploration at Murchison
Swiss Resource Capital AG
30.2K subscribers
12 years in the making. $GLD 🥇
— TrendSpider (@TrendSpider) March 3, 2024
Weekly newsletter out tomorrow, sign up for free.
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NYBob gold price is up. Monument share price has been going down. Bad news of some type lately?
Anyone have any thoughts on the 500 shares every three minutes happening now, actually past couple hours, on MMY? Would love to know the significance.
T
$Monument Mining Ltd $MMY $MMTMF Break out Day
More will be coming our way.
Take the production metrics from Q2 , note
the substantial concentrate ounces in Inventory and
add the fact that sales and production streams are now
nearly free of dams and you expose a $0.50 stock.
To say nothing about whether the value of our Murchison assets might begin to be unlocked ....
Thanks so much for sharing NYBob.
Have a very Happy St. Patrick's Day everyone.
$Monument Mining Ltd, a BB message today said; $29 million cad in Cash and cash equivalents
8200 ounces of gold in concentrate in inventory proceeding through the sales lines,
valued at current POG $22 million and $5.5 m US in cash worth $7.0 million cad
for a total of $29 million cad in liquidity available to pay for
operational expenses along with rapidly increasing cash flows .
So, we are fully fundable for expenses related to resumption of production at Burnakura mill...
...including a capital upgrade of the mill to 600,000 tons per year , including also grade control and
configuration of mining benches as part of the FS for the new high grade open pit at Turnakura.
....... noting that ODY pays 80% of most of these capital development costs
Post by nozzpackon Mar 05, 2024 1:53pm ...Post# 35916215
$NEWS - Is Gold Setting Up for a Huge, Once in a Generation, Rally?
By Chris Vermeulen
Is there a generational opportunity coming to get into gold?
12 years in the making. $GLD 🥇
— TrendSpider (@TrendSpider) March 3, 2024
Weekly newsletter out tomorrow, sign up for free.
📬 https://t.co/QzvevHvbNs pic.twitter.com/KmlPSJVegT
💰🐄.. i like the sound of that...
It would seem that some day this could become a cash cow with more investors realizing the value.
Stock Screener: Ep. 390: $Monument Mining (MMY.V): Q2 Fiscal 2024 Earnings
Albert S
6.9K
12 years in the making. $GLD 🥇
— TrendSpider (@TrendSpider) March 3, 2024
Weekly newsletter out tomorrow, sign up for free.
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