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Monument Mining Ltd $MMY $MMTMF - Production of 6000 ounces for Q4…this quarter
Feed grade is now on target at 1.98 gms per ton.
Selinsing Flotation Plant
Recovery should be around 85% which was achieved on some days in June when forecast grades of
newly mined transition and fresh ore were processed.
Flotation recovery has shown a steady improvement in June although an average of 68-per-cent
recovery month to date was caused by some poorly performing old transition ore processed at the
start of the month.
With two weeks remaining in June as of the operational date of this report, we have an excellent
chance to reach 6000 ounces, with 5000 ounces in the bag.
As of this report progress report, it looks like we should hit full stride in early July including much
higher recoveries to forecast normal levels ,due to higher feed grades from freshly mined ore.
Is so, we should hit forecast productiin of about 15000+ ounces in Q1 of F24 which begins July 1 of
2023...........4500 tons of concentrate per month @ 1.2 ounces per ton times 3 months = 16200
ounces generating close to $35 million cad in revenues.
Fair value market cap in the $200 million range which is about $0.60 per share which assumes that the
150,000 ounces of Inferred sulphides will be converted to economic ore.....an almost certain bet..
Post by nozzpackon Jun 24, 2023
RE: Monument Begins Gold Concentrate Shipments at Selinsing Gold Mine
News..Close to Being Fully Commissioned ..60000 Ounces -
Figure 3: Selinsing Flotation Plant
So, 5000 tons of Concentrate averaging 1.2 ounces per ton = 6000 ounces are now being delivered
as part of the offtake agreement ......about $13 milion in USD .
99 % breast plate in June./month
We shall soon be at planned 4500 tons per month containing 1.2 ounces = 5400 ounces===which is
over 60,000 ounces per years
Monument Mining begins Au concentrate shipments
Figure 2. Concentrate Shipment at Weighbridge
2023-06-23 12:22 ET - News Release
Ms. Cathy Zhai reports
MONUMENT BEGINS GOLD CONCENTRATE SHIPMENTS AT SELINSING GOLD MINE
Monument Mining Ltd. has begun the first gold concentrate shipments and sales from the newly
constructed flotation plant at the Selinsing gold mine.
President and chief executive officer Cathy Zhai commented: "This is a momentous occasion for us as
we begin to ship and sell gold concentrates from the flotation plant.
The initial offtake of 2,000 dry metric tonnes (DMT) of concentrate from Selinsing marks the beginning
of a gold concentrate revenue stream and restores our operating cash flow.
We would like to give thanks to our hard-working operation teams, backroom administration support
personnel and our business partners to make this happen."
Gold concentrate shipments and sales
Significant interest has been received from potential buyers of the Selinsing gold concentrate.
All export and transport permits have been received and the first truckloads of concentrate were shipped from the Selinsing warehouse on June 18, 2023, to Johor Free Trade Zone.
To date 490 DMT of concentrate have been dispatched out of an initial offtake of 2,000 DMT.
Weighing, sampling and moisture determination of the delivered concentrate are being conducted at the Johor Free Trade Zone by an appointed internationally recognized survey company.
An additional 3,000 DMT of concentrate are currently available for sale.
The company intends after a trial shipment to gradually increase the number of trucks to speed up the logistic process in selling backlogged product.
In the future concentrates will be shipped to buyers on a routine basis. The backlog was caused by a lengthy initial administrative process for obtaining all relevant permits and organizing logistics. Over the past six months, the company has built a logistic team and sales chain at the Selinsing project.
Commercial production update
The flotation plant operation is improving with up to 99 per cent of design capacity achieved during June, 2023, and overall 83-per-cent capacity achieved for the 30-day period up to June 17, 2023.
Torn filter cloths remained an issue with new cloths still awaited from the filter press supplier McLanahan. New HDPE (high-density polyethylene) pipework was received to upgrade the concentrate thickener underflow pipeline. A similar upgrade was planned for the flotation cleaner concentrate pipeline which emerged as a bottleneck with increasing flotation mass pull.
Flotation recovery has shown a steady improvement as increasing proportions of newly mined transition and fresh ore were processed. Daily recoveries in excess of 80 per cent have been recorded during June, 2023, although an average of 68-per-cent recovery month to date was caused by some poorly performing old transition ore processed at the start of the month.
Construction of the concentrate shed continued with the main roof completed and the perimeter concrete wall approximately 50 per cent done. Work continued extending the lean-to roof to the filter press building. The bagging system has been prepared for shipping to Malaysia.
Mining update
Mining of Buffalo Reef stage 1 BRC2 and BRC3 pits continued with both transition and fresh ore delivered to the ROM pad and maintained around one month supply of ore feed to the flotation processing plant. A new drill rig was delivered in June, 2023, with nine grade control drilling rigs now operational; a 10th unit is scheduled for delivery in August, 2023. The mining operation is aiming to achieve and maintain a three-month supply of ore at the ROM.
Construction of the explosive's depot progressed well with delivery of the bulk emulsion gassing container and the connection to mains power completed. This is to remove dependency on explosives delivery from the sole dominant supplier in the country due to its shortfall of trucks over the past several months. The isotainer storage tanks are due for delivery in late June, 2023, and the explosives depot will be commissioned in early July, 2023.
Work started on the conversion of the old core shed to an expanded sample preparation facility capable of processing up to 700 grade control samples per day, which will remove another major bottleneck in the mining cycle.
Risks
Other operation risks in related to mining and processing processes are under continuous evaluation to improve the performance.
by nozzpackon Jun 23, 2023
Monument Begins Gold Concentrate Shipments at Selinsing Gold Mine
June 23, 2023
https://monumentmining.com/news-media/news/2023/monument-begins-gold-concentrate-shipments-at-selinsing-gold-mine/
View PDF
Vancouver, B.C., June 23, 2023,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is
pleased to announce the first gold concentrate shipments and sales from the newly constructed
flotation plant at the Selinsing Gold Mine.
President and CEO Cathy Zhai commented, “This is a momentous occasion for us as we begin to ship
and sell gold concentrates from the flotation plant. The initial offtake of 2,000 dry metric tonnes
(“DMT”) of concentrate from Selinsing marks the beginning of a gold concentrate revenue stream and
restores our operating cash flow. We would like to give thanks to our hard-working operation teams,
backroom administration support personnel and our business partners to make this happen.”
Figure 1. Loading Concentrate for Transport
Figure 2. Concentrate Shipment at Weighbridge
Gold Concentrate Shipments and Sales
Significant interest has been received from potential buyers of the Selinsing gold concentrate. All
export and transport permits have been received and the first truckloads of concentrate were shipped
from the Selinsing warehouse on June 18th, 2023 to Johor Free Trade Zone. To date 490 DMT of
concentrate have been dispatched out of an initial offtake of 2,000 DMT. Weighing, sampling and
moisture determination of the delivered concentrate is being conducted at the Johor Free Trade Zone
by an appointed internationally recognized survey company.
An additional 3,000 DMT of concentrate is currently available for sale.
The Company intends after a trial shipment to gradually increase the number of trucks to speed up
the logistic process in selling backlogged product. In the future concentrates will be shipped to buyers
on a routine basis.
The backlog was caused by a lengthy initial administrative process for obtaining all relevant permits
and organizing logistics.
Over the last six months, the Company has built a logistic team and sales chain at the Selinsing
Project.
Commercial Production Update
The flotation plant operation is improving with up to 99% of design capacity achieved during June
2023, and overall 83% capacity achieved for the 30 day period up to June 17th 2023.
Torn filter cloths remained an issue with new cloths still awaited from the filter press supplier
McLanahan. New HDPE pipework was received to upgrade the concentrate thickener underflow
pipeline.
A similar upgrade was planned for the flotation cleaner concentrate pipeline which emerged as a
bottleneck with increasing flotation mass pull.
Figure 3: Selinsing Flotation Plant
Flotation recovery has shown a steady improvement as increasing proportions of newly mined
transition and fresh ore were processed. Daily recoveries in excess of 80% have been recorded
during June 2023, although an average of 68% recovery month to date was caused by some poorly performing old transition ore processed at the start of the month.
Construction of the concentrate shed continued with the main roof completed and the perimeter concrete wall approximately 50% done. Work continued extending the lean-to roof to the filter press
building. The bagging system has been prepared for shipping to Malaysia.
Mining Update
Mining of Buffalo Reef Stage 1 BRC2 and BRC3 pits continued with both transition and fresh ore
delivered to the ROM pad and maintained around one month’s supply of ore feed to the flotation
processing plant.
A new drill rig was delivered in June 2023 with nine grade control drilling rigs now operational; a tenth
unit is scheduled for delivery in August 2023.
The mining operation is aiming to achieve and maintain a three-month supply of ore at the ROM.
Construction of the explosive’s depot progressed well with delivery of the bulk emulsion gassing
container and the connection to mains power completed. This is to remove dependency on explosives
delivery from the sole dominant supplier in the country due to their shortfall of trucks over the past
several months.
The isotainer storage tanks are due for delivery in late June 2023 and the explosives depot will be
commissioned in early July 2023.
Work started on the conversion of the old core shed to an expanded sample preparation facility
capable of processing up to 700 grade control samples per day, which will remove another major
bottleneck in the mining cycle.
Risks
Other operation risks in related to mining and processing processes are under continuous evaluation
to improve the performance.
The Company closely monitors uncontrollable risk factors with building and operation of the flotation
plant including but not limited to: change of market conditions, change of gold prices, operation risks
including critical parts shortages which may cause a longer than expected ramp up period, and
changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same
region.
The Company employs approximately 200 people in both regions and is committed to the highest
standards of environmental management, social responsibility, and health and safety for its
employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at
https://www.monumentmining.com
or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102
rcushing@monumentmining.com
New development to increase production from our Floatation Plant ....
With respect to the construction of the Biox Plant and in order to reduce the initial capital investment,
the Company now plans to develop the Selinsing Sulphide Project through a two stage de-risking
process:
....Stage 1 construction of a flotation plant that was originally designed to deliver sulphide gold
concentrates as a semi product for further BIOX® leaching process.
.....Under the new approach, the flotation plant will be modified to produce higher grade saleable gold
concentrates, the cash generated from which may be used to fund upgrading of the BIOX® leaching
plant.
This is an excellent move to modify the FP to produce a higher grade gold concentrate .
This will maximize and front load our profitability, both from increased production volumes and higher
grade concentrate relative to head grade
( ie higher recovery rates ).
In other words, Mass pull will be enhanced which will result in a concentrate weighing less but
containing more gold.
I would say that Dato is once again exercising his substantial background in mining experience around
the world and introducing those efficiency activities to make Selinsing as profitable as possible .
We are in good hands,,
There is a lot going on on the Monument Mining website very interesting explanation
nozzpack thanks
https://monumentmining.com/projects/selinsing-gold-portfolio/development/
https://monumentmining.com/projects/selinsing-gold-portfolio/exploration/
https://monumentmining.com/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/site/assets/files/4327/2023-03-02-cp-mmy.pdf
https://monumentmining.com/news-media/photo-gallery/
Comment on this Post
God Bless
Amen
Bullish
RE: Monument Begins Gold Concentrate Shipments at Selinsing Gold Mine
News..Close to Being Fully Commissioned ..60000 Ounces -
Figure 3: Selinsing Flotation Plant
So, 5000 tons of Concentrate averaging 1.2 ounces per ton = 6000 ounces are now being delivered
as part of the offtake agreement ......about $13 milion in USD .
99 % breast plate in June./month
We shall soon be at planned 4500 tons per month containing 1.2 ounces = 5400 ounces===which is
over 60,000 ounces per years
Monument Mining begins Au concentrate shipments
Figure 2. Concentrate Shipment at Weighbridge
2023-06-23 12:22 ET - News Release
Ms. Cathy Zhai reports
MONUMENT BEGINS GOLD CONCENTRATE SHIPMENTS AT SELINSING GOLD MINE
Monument Mining Ltd. has begun the first gold concentrate shipments and sales from the newly
constructed flotation plant at the Selinsing gold mine.
President and chief executive officer Cathy Zhai commented: "This is a momentous occasion for us as
we begin to ship and sell gold concentrates from the flotation plant.
The initial offtake of 2,000 dry metric tonnes (DMT) of concentrate from Selinsing marks the beginning
of a gold concentrate revenue stream and restores our operating cash flow.
We would like to give thanks to our hard-working operation teams, backroom administration support
personnel and our business partners to make this happen."
Gold concentrate shipments and sales
Significant interest has been received from potential buyers of the Selinsing gold concentrate.
All export and transport permits have been received and the first truckloads of concentrate were shipped from the Selinsing warehouse on June 18, 2023, to Johor Free Trade Zone.
To date 490 DMT of concentrate have been dispatched out of an initial offtake of 2,000 DMT.
Weighing, sampling and moisture determination of the delivered concentrate are being conducted at the Johor Free Trade Zone by an appointed internationally recognized survey company.
An additional 3,000 DMT of concentrate are currently available for sale.
The company intends after a trial shipment to gradually increase the number of trucks to speed up the logistic process in selling backlogged product.
In the future concentrates will be shipped to buyers on a routine basis. The backlog was caused by a lengthy initial administrative process for obtaining all relevant permits and organizing logistics. Over the past six months, the company has built a logistic team and sales chain at the Selinsing project.
Commercial production update
The flotation plant operation is improving with up to 99 per cent of design capacity achieved during June, 2023, and overall 83-per-cent capacity achieved for the 30-day period up to June 17, 2023.
Torn filter cloths remained an issue with new cloths still awaited from the filter press supplier McLanahan. New HDPE (high-density polyethylene) pipework was received to upgrade the concentrate thickener underflow pipeline. A similar upgrade was planned for the flotation cleaner concentrate pipeline which emerged as a bottleneck with increasing flotation mass pull.
Flotation recovery has shown a steady improvement as increasing proportions of newly mined transition and fresh ore were processed. Daily recoveries in excess of 80 per cent have been recorded during June, 2023, although an average of 68-per-cent recovery month to date was caused by some poorly performing old transition ore processed at the start of the month.
Construction of the concentrate shed continued with the main roof completed and the perimeter concrete wall approximately 50 per cent done. Work continued extending the lean-to roof to the filter press building. The bagging system has been prepared for shipping to Malaysia.
Mining update
Mining of Buffalo Reef stage 1 BRC2 and BRC3 pits continued with both transition and fresh ore delivered to the ROM pad and maintained around one month supply of ore feed to the flotation processing plant. A new drill rig was delivered in June, 2023, with nine grade control drilling rigs now operational; a 10th unit is scheduled for delivery in August, 2023. The mining operation is aiming to achieve and maintain a three-month supply of ore at the ROM.
Construction of the explosive's depot progressed well with delivery of the bulk emulsion gassing container and the connection to mains power completed. This is to remove dependency on explosives delivery from the sole dominant supplier in the country due to its shortfall of trucks over the past several months. The isotainer storage tanks are due for delivery in late June, 2023, and the explosives depot will be commissioned in early July, 2023.
Work started on the conversion of the old core shed to an expanded sample preparation facility capable of processing up to 700 grade control samples per day, which will remove another major bottleneck in the mining cycle.
Risks
Other operation risks in related to mining and processing processes are under continuous evaluation to improve the performance.
by nozzpackon Jun 23, 2023
Monument Begins Gold Concentrate Shipments at Selinsing Gold Mine
June 23, 2023
https://monumentmining.com/news-media/news/2023/monument-begins-gold-concentrate-shipments-at-selinsing-gold-mine/
View PDF
Vancouver, B.C., June 23, 2023,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is
pleased to announce the first gold concentrate shipments and sales from the newly constructed
flotation plant at the Selinsing Gold Mine.
President and CEO Cathy Zhai commented, “This is a momentous occasion for us as we begin to ship
and sell gold concentrates from the flotation plant. The initial offtake of 2,000 dry metric tonnes
(“DMT”) of concentrate from Selinsing marks the beginning of a gold concentrate revenue stream and
restores our operating cash flow. We would like to give thanks to our hard-working operation teams,
backroom administration support personnel and our business partners to make this happen.”
Figure 1. Loading Concentrate for Transport
Figure 2. Concentrate Shipment at Weighbridge
Gold Concentrate Shipments and Sales
Significant interest has been received from potential buyers of the Selinsing gold concentrate. All
export and transport permits have been received and the first truckloads of concentrate were shipped
from the Selinsing warehouse on June 18th, 2023 to Johor Free Trade Zone. To date 490 DMT of
concentrate have been dispatched out of an initial offtake of 2,000 DMT. Weighing, sampling and
moisture determination of the delivered concentrate is being conducted at the Johor Free Trade Zone
by an appointed internationally recognized survey company.
An additional 3,000 DMT of concentrate is currently available for sale.
The Company intends after a trial shipment to gradually increase the number of trucks to speed up
the logistic process in selling backlogged product. In the future concentrates will be shipped to buyers
on a routine basis.
The backlog was caused by a lengthy initial administrative process for obtaining all relevant permits
and organizing logistics.
Over the last six months, the Company has built a logistic team and sales chain at the Selinsing
Project.
Commercial Production Update
The flotation plant operation is improving with up to 99% of design capacity achieved during June
2023, and overall 83% capacity achieved for the 30 day period up to June 17th 2023.
Torn filter cloths remained an issue with new cloths still awaited from the filter press supplier
McLanahan. New HDPE pipework was received to upgrade the concentrate thickener underflow
pipeline.
A similar upgrade was planned for the flotation cleaner concentrate pipeline which emerged as a
bottleneck with increasing flotation mass pull.
Figure 3: Selinsing Flotation Plant
Flotation recovery has shown a steady improvement as increasing proportions of newly mined
transition and fresh ore were processed. Daily recoveries in excess of 80% have been recorded
during June 2023, although an average of 68% recovery month to date was caused by some poorly performing old transition ore processed at the start of the month.
Construction of the concentrate shed continued with the main roof completed and the perimeter concrete wall approximately 50% done. Work continued extending the lean-to roof to the filter press
building. The bagging system has been prepared for shipping to Malaysia.
Mining Update
Mining of Buffalo Reef Stage 1 BRC2 and BRC3 pits continued with both transition and fresh ore
delivered to the ROM pad and maintained around one month’s supply of ore feed to the flotation
processing plant.
A new drill rig was delivered in June 2023 with nine grade control drilling rigs now operational; a tenth
unit is scheduled for delivery in August 2023.
The mining operation is aiming to achieve and maintain a three-month supply of ore at the ROM.
Construction of the explosive’s depot progressed well with delivery of the bulk emulsion gassing
container and the connection to mains power completed. This is to remove dependency on explosives
delivery from the sole dominant supplier in the country due to their shortfall of trucks over the past
several months.
The isotainer storage tanks are due for delivery in late June 2023 and the explosives depot will be
commissioned in early July 2023.
Work started on the conversion of the old core shed to an expanded sample preparation facility
capable of processing up to 700 grade control samples per day, which will remove another major
bottleneck in the mining cycle.
Risks
Other operation risks in related to mining and processing processes are under continuous evaluation
to improve the performance.
The Company closely monitors uncontrollable risk factors with building and operation of the flotation
plant including but not limited to: change of market conditions, change of gold prices, operation risks
including critical parts shortages which may cause a longer than expected ramp up period, and
changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same
region.
The Company employs approximately 200 people in both regions and is committed to the highest
standards of environmental management, social responsibility, and health and safety for its
employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at
https://www.monumentmining.com
or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102
rcushing@monumentmining.com
New development to increase production from our Floatation Plant ....
With respect to the construction of the Biox Plant and in order to reduce the initial capital investment,
the Company now plans to develop the Selinsing Sulphide Project through a two stage de-risking
process:
....Stage 1 construction of a flotation plant that was originally designed to deliver sulphide gold
concentrates as a semi product for further BIOX® leaching process.
.....Under the new approach, the flotation plant will be modified to produce higher grade saleable gold
concentrates, the cash generated from which may be used to fund upgrading of the BIOX® leaching
plant.
This is an excellent move to modify the FP to produce a higher grade gold concentrate .
This will maximize and front load our profitability, both from increased production volumes and higher
grade concentrate relative to head grade
( ie higher recovery rates ).
In other words, Mass pull will be enhanced which will result in a concentrate weighing less but
containing more gold.
I would say that Dato is once again exercising his substantial background in mining experience around
the world and introducing those efficiency activities to make Selinsing as profitable as possible .
We are in good hands,,
There is a lot going on on the Monument Mining website very interesting explanation
nozzpack thanks
https://monumentmining.com/projects/selinsing-gold-portfolio/development/
https://monumentmining.com/projects/selinsing-gold-portfolio/exploration/
https://monumentmining.com/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/site/assets/files/4327/2023-03-02-cp-mmy.pdf
https://monumentmining.com/news-media/photo-gallery/
Comment on this Post
God Bless
Amen
Bullish
Monument Begins Gold Concentrate Shipments at Selinsing Gold Mine
June 23, 2023
https://monumentmining.com/news-media/news/2023/monument-begins-gold-concentrate-shipments-at-selinsing-gold-mine/
View PDF
Vancouver, B.C., June 23, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce the first gold concentrate shipments and sales from the newly constructed flotation plant at the Selinsing Gold Mine.
President and CEO Cathy Zhai commented, “This is a momentous occasion for us as we begin to ship and sell gold concentrates from the flotation plant. The initial offtake of 2,000 dry metric tonnes (“DMT”) of concentrate from Selinsing marks the beginning of a gold concentrate revenue stream and restores our operating cash flow. We would like to give thanks to our hard-working operation teams, backroom administration support personnel and our business partners to make this happen.”
Figure 1. Loading Concentrate for Transport
Figure 2. Concentrate Shipment at Weighbridge
Gold Concentrate Shipments and Sales
Significant interest has been received from potential buyers of the Selinsing gold concentrate. All export and transport permits have been received and the first truckloads of concentrate were shipped from the Selinsing warehouse on June 18th, 2023 to Johor Free Trade Zone. To date 490 DMT of concentrate have been dispatched out of an initial offtake of 2,000 DMT. Weighing, sampling and moisture determination of the delivered concentrate is being conducted at the Johor Free Trade Zone by an appointed internationally recognized survey company.
An additional 3,000 DMT of concentrate is currently available for sale. The Company intends after a trial shipment to gradually increase the number of trucks to speed up the logistic process in selling backlogged product. In the future concentrates will be shipped to buyers on a routine basis. The backlog was caused by a lengthy initial administrative process for obtaining all relevant permits and organizing logistics. Over the last six months, the Company has built a logistic team and sales chain at the Selinsing Project.
Commercial Production Update
The flotation plant operation is improving with up to 99% of design capacity achieved during June 2023, and overall 83% capacity achieved for the 30 day period up to June 17th 2023. Torn filter cloths remained an issue with new cloths still awaited from the filter press supplier McLanahan. New HDPE pipework was received to upgrade the concentrate thickener underflow pipeline. A similar upgrade was planned for the flotation cleaner concentrate pipeline which emerged as a bottleneck with increasing flotation mass pull.
Figure 3: Selinsing Flotation Plant
Flotation recovery has shown a steady improvement as increasing proportions of newly mined transition and fresh ore were processed. Daily recoveries in excess of 80% have been recorded during June 2023, although an average of 68% recovery month to date was caused by some poorly performing old transition ore processed at the start of the month.
Construction of the concentrate shed continued with the main roof completed and the perimeter concrete wall approximately 50% done. Work continued extending the lean-to roof to the filter press building. The bagging system has been prepared for shipping to Malaysia.
Mining Update
Mining of Buffalo Reef Stage 1 BRC2 and BRC3 pits continued with both transition and fresh ore delivered to the ROM pad and maintained around one month’s supply of ore feed to the flotation processing plant. A new drill rig was delivered in June 2023 with nine grade control drilling rigs now operational; a tenth unit is scheduled for delivery in August 2023. The mining operation is aiming to achieve and maintain a three-month supply of ore at the ROM.
Construction of the explosive’s depot progressed well with delivery of the bulk emulsion gassing container and the connection to mains power completed. This is to remove dependency on explosives delivery from the sole dominant supplier in the country due to their shortfall of trucks over the past several months. The isotainer storage tanks are due for delivery in late June 2023 and the explosives depot will be commissioned in early July 2023.
Work started on the conversion of the old core shed to an expanded sample preparation facility capable of processing up to 700 grade control samples per day, which will remove another major bottleneck in the mining cycle.
Risks
Other operation risks in related to mining and processing processes are under continuous evaluation to improve the performance.
The Company closely monitors uncontrollable risk factors with building and operation of the flotation plant including but not limited to: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
New development to increase production from our Floatation Plant ....
With respect to the construction of the Biox Plant and in order to reduce the initial capital investment,
the Company now plans to develop the Selinsing Sulphide Project through a two stage de-risking
process:
....Stage 1 construction of a flotation plant that was originally designed to deliver sulphide gold
concentrates as a semi product for further BIOX® leaching process.
.....Under the new approach, the flotation plant will be modified to produce higher grade saleable gold
concentrates, the cash generated from which may be used to fund upgrading of the BIOX® leaching
plant.
This is an excellent move to modify the FP to produce a higher grade gold concentrate .
This will maximize and front load our profitability, both from increased production volumes and higher
grade concentrate relative to head grade
( ie higher recovery rates ).
In other words, Mass pull will be enhanced which will result in a concentrate weighing less but
containing more gold.
I would say that Dato is once again exercising his substantial background in mining experience around
the world and introducing those efficiency activities to make Selinsing as profitable as possible .
We are in good hands,,
There is a lot going on on the Monument Mining website very interesting explanation
nozzpack thanks
https://monumentmining.com/projects/selinsing-gold-portfolio/development/
https://monumentmining.com/projects/selinsing-gold-portfolio/exploration/
https://monumentmining.com/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/site/assets/files/4327/2023-03-02-cp-mmy.pdf
https://monumentmining.com/news-media/photo-gallery/
Comment on this Post
God Bless
Amen
Bullish
New development to increase production from our Floatation Plant ....
With respect to the construction of the Biox Plant and in order to reduce the initial capital investment,
the Company now plans to develop the Selinsing Sulphide Project through a two stage de-risking
process:
....Stage 1 construction of a flotation plant that was originally designed to deliver sulphide gold
concentrates as a semi product for further BIOX® leaching process.
.....Under the new approach, the flotation plant will be modified to produce higher grade saleable gold
concentrates, the cash generated from which may be used to fund upgrading of the BIOX® leaching
plant.
This is an excellent move to modify the FP to produce a higher grade gold concentrate .
This will maximize and front load our profitability, both from increased production volumes and higher
grade concentrate relative to head grade
( ie higher recovery rates ).
In other words, Mass pull will be enhanced which will result in a concentrate weighing less but
containing more gold.
I would say that Dato is once again exercising his substantial background in mining experience around
the world and introducing those efficiency activities to make Selinsing as profitable as possible .
We are in good hands,,
There is a lot going on on the Monument Mining website very interesting explanation
nozzpack thanks
https://monumentmining.com/projects/selinsing-gold-portfolio/development/
https://monumentmining.com/projects/selinsing-gold-portfolio/exploration/
https://monumentmining.com/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/site/assets/files/4327/2023-03-02-cp-mmy.pdf
https://monumentmining.com/news-media/photo-gallery/
Comment on this Post
Bullish
BULLISH
There is a lot going on on the Monument Mining website very interesting explanation
https://monumentmining.com/projects/selinsing-gold-portfolio/development/
https://monumentmining.com/projects/selinsing-gold-portfolio/exploration/
Comment on this Post
fink Welcome To MMY Gold Producer Bargain;
Monument Mining Limited (TSX-V: MMY) (MMTMF) and (FSE: D7Q1)
Very Positive News Release
For example, among others ..
• Off take agreements were secured for ramp-up production with competitive commercial terms.
• The first batch of gold concentrate production of 2,000 Dry Metric Tonne (“DMT”) is ready for sale subsequent to the Q3.
• Export permits were granted to multiple buyers in May 2023 subsequent to Q3, shipments are underway.
• Q3 gold bullion production:
- 104 ounces of gold was cleaned up and poured from the gold in circuit;
- 1,400 ounces (“oz”) of gold bullion sold for $2.63 million (Q3 FY2022: 3,270oz for $6.16 million);
- Average quarterly gold price realized at $1,878/oz (Q3 FY2022: $1,911/oz excluding gold
prepaid delivery);
Selinsing sulphide flotation plant has begun its ramp up production phase, during which
major issues were identified and addressed through an action plan.
• New mining fleet arrived to enhance mining rates.
- 2,107 dry metric tonnes (“DMT”) of gold concentrate produced containing 2,412 ounces of gold (Q3 FY2022: nil ounce
-90% recovery of rougher
-mass pull cut in half ( gold content is twice as high )
--Gold grade spot on forecast
-early Concentrate production indices on track for forecast 55,000 ounces in F2024
-balance sheet remains pristine with only modest capital costs of $2 m remaining
--working capital remains very strong covering 70% of our market cap and no debt
So, we are in excellent shape .
Let there be no doubt .......55000 ounces of gold production in F2024 will get us to fair value above $0.40 CAD
by nozzpack
- - - -
Watch - Monument Mining Limited (TSX-V: MMY) (MMTMF) and (FSE: D7Q1) If you detail the
actual operating time of the FP plant including massive
downtime including the fact that at no time in the past 4-5 months was the plant anywhere
near full breast plate capability
you will have difficulty arriving at a full month of optimum concentrate production.
Yet we produced over 4000 ounces of concentrate for that reduced month....or most likely over 50,000 ounces pro rated to 12 months.
Recall earlier that , using reported head grades, Mass pull etc, I estimated somewhere in the mid to high 50,000 production range .
So, warts and all, we are where we would have expected us to be at this stage in the commissiing of a new FP plant in the monsoon season..
Monument Mining Ltd " we did very well considering we lost over 2 months of production with breakdowns and faulty filters .
These things are to be expected . It`s still a start up and we will see big improvements .
The mention of the concentrate shed is interesting . They say " it will hold 4500 tonnes or
one month`s production " Grade of 36.2 which should improve significantly . And 31 grams
in an ounce of gold .
So 4500 x 36.2 , divide by 31 grams per ounce , multiply by 12 months and you get a
little over 63K ozs / annum . That`s pretty good considering it will get much better .
So , a good report .
Revenue of near $126 million though it could go either way ."
by nozzpack
Monument Heads Toward Commercial Production at Selinsing Gold Mine
V.MMY | 1 minute ago
VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to update the progress at the Selinsing Sulphide Project. The ramp-up of the flotation plant has made great headway, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. The plant construction and mine development consumed a total of $18 million, in line with the budget.
President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production. We have commenced sulphide production in January 2023 and continue testing and adjusting to improve plant performance through the action plan. Despite several incidental plant shutdowns during March to May, the plant is expected to reach its near or full production level by June 2023, within the planned ramp up period of three to six months. To date, the flotation plant has produced approximately 3,450 dry metric tonnes (“DMT”) of concentrate with an average gold grade of 36.20 g/t, containing 4,015 troy ounces of gold. Several export permits have been recently granted by the relevant authority and concentrate shipments are currently in progress.”
Figure 1. Concentrate in Tent is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f39acde0-f30d-4cb5-ba04-acfcffe21613
Figure 2. Concentrate Storage Construction is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/616859ef-54ec-4981-af79-7bf9dbeb3575
Flotation Plant Production Ramp-up
The ramp-up of the flotation plant continued, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. During this ramp-up process bottlenecks have been identified and the team has been working to correct them in order to ramp up to commercial production. The ramp-up period is expected to be completed in June 2023.
Certain design deficiencies have been detected and revision of designs have been received to improve performance efficiencies including design of a new rougher flotation tailings hopper and associated pipework, structural and civils drawings and specifications for the new concentrate thickener overflow pumps. Pump suction and delivery lines will be upgraded as well as the power supply to the bigger motors required. None of the above works has material impact on our current flotation plant operations.
The flotation plant experienced major shutdowns from early March to first week of May. The Metso-Outotec concentrate thickener rake drive gearbox was broken, replaced by a new gear box assembled in Australia, airfreighted to Malaysia, and installed. The concentrate thickener was then recommissioned, and all concentrates were recovered to the circuit. Further loss of production occurred in April until May as the filter press cloths started failing prematurely due to manufacturing defects; the supplier has accepted the defects and will supply two new sets of higher permeability filter cloths. In the meantime, replacement filter press cloths were sourced and delivered from local suppliers. Management is focused on reviewing all critical parts and in advancing the procurement plan.
Construction of the new concentrate shed continued with the concrete floor poured and the erection of structural steelwork commencing. The shed is expected to be completed by mid-June and will hold enough capacity for over 4,500 tonnes of concentrate or one month’s production.
Construction of the 100-tonne capacity weighbridge was completed, and the unit was calibrated and certified by the Metrology Corporation of Malaysia.
Manufacture of the 1 tonne bulk bagging system has been completed in the UK and is ready to be shipped to Malaysia.
Figure 3: Weighbridge is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/184810b7-a354-4785-a5d4-e65d2c2e99d0
Figure 4: Ammonium Nitrate Storage Area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0da4743-e701-4cae-8553-f15f6ce7be1f
Mining
Mining of the first stages of Buffalo Reef pits BRC2 and BRC3 continued, transition sulphide ore was delivered to the ROM pad and oxide ore to stockpiles elsewhere. The stockpile of around one month of process plant feed of 80,000 tonnes was maintained, with mining production over the next six months expected to boost this to at least three months or 240,000 tonnes of ore. The arrival of the new mining fleet will help enhance the mining rates.
Unexpected heavy rain in February 2023 slowed down the mining rates and explosives delivery shortages were experienced from supplier Austin Powders due to their implementation of a stricter explosive trucking policy. The explosive supply situation will be helped by the opening of a new storage facility at Bentong, which is much closer than the current supply from Kuala Lumpur. In addition, a new depot for raw materials including ammonium nitrate is being constructed at the Selinsing mine site. These developments will ensure the availability of explosives in the future by providing alternatives. Construction of this facility is ongoing and scheduled for initial use in June 2023.
Government Permits
Recently, several export permits and transportation permits have been granted to Selinsing which enable Selinsing to initiate the shipment for its first sales.
Around the Hari Raya holiday on April 21st, the new operational mining scheme (OMS) expired on April 16th, 2023 and was renewed on April 20th, 2023. The annual and monthly blasting permits expired along with the OMS and there was insufficient time for the requisite approvals for these permits before the Hari Raya holiday period. The two blasting permits were issued on May 11th, 2023 when mining activities resumed.
Concentrate Sales Preparation
Off take agreements or business confirmation letters for off-take of Selinsing gold concentrate have been signed with several concentrate buyers under competitive commercial terms. Several buyers have received export permits and the shipments are underway. The first 2,000 DMT of gold concentrate production is now available for sale and the royalties for this concentrate have been paid to the parastatal Pahang Mining Corporation.
Risks
The Company closely monitors uncontrollable risk factors with building and operation the flotation plant including: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Disclaimer Regarding Forward-Looking Statements
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Bullish
BULLISH
God Bless
Amen
Primary Logo
Tags:
GOLD
Monument Mining Limited (TSX-V: MMY) (MMTMF) and (FSE: D7Q1)
Very Positive News Release
For example, among others ..
• Off take agreements were secured for ramp-up production with competitive commercial terms.
• The first batch of gold concentrate production of 2,000 Dry Metric Tonne (“DMT”) is ready for sale subsequent to the Q3.
• Export permits were granted to multiple buyers in May 2023 subsequent to Q3, shipments are underway.
• Q3 gold bullion production:
- 104 ounces of gold was cleaned up and poured from the gold in circuit;
- 1,400 ounces (“oz”) of gold bullion sold for $2.63 million (Q3 FY2022: 3,270oz for $6.16 million);
- Average quarterly gold price realized at $1,878/oz (Q3 FY2022: $1,911/oz excluding gold
prepaid delivery);
Selinsing sulphide flotation plant has begun its ramp up production phase, during which
major issues were identified and addressed through an action plan.
• New mining fleet arrived to enhance mining rates.
- 2,107 dry metric tonnes (“DMT”) of gold concentrate produced containing 2,412 ounces of gold (Q3 FY2022: nil ounce
-90% recovery of rougher
-mass pull cut in half ( gold content is twice as high )
--Gold grade spot on forecast
-early Concentrate production indices on track for forecast 55,000 ounces in F2024
-balance sheet remains pristine with only modest capital costs of $2 m remaining
--working capital remains very strong covering 70% of our market cap and no debt
So, we are in excellent shape .
Let there be no doubt .......55000 ounces of gold production in F2024 will get us to fair value above $0.40 CAD
by nozzpack
- - - -
Watch - Monument Mining Limited (TSX-V: MMY) (MMTMF) and (FSE: D7Q1) If you detail the
actual operating time of the FP plant including massive
downtime including the fact that at no time in the past 4-5 months was the plant anywhere
near full breast plate capability
you will have difficulty arriving at a full month of optimum concentrate production.
Yet we produced over 4000 ounces of concentrate for that reduced month....or most likely over 50,000 ounces pro rated to 12 months.
Recall earlier that , using reported head grades, Mass pull etc, I estimated somewhere in the mid to high 50,000 production range .
So, warts and all, we are where we would have expected us to be at this stage in the commissiing of a new FP plant in the monsoon season..
Monument Mining Ltd " we did very well considering we lost over 2 months of production with breakdowns and faulty filters .
These things are to be expected . It`s still a start up and we will see big improvements .
The mention of the concentrate shed is interesting . They say " it will hold 4500 tonnes or
one month`s production " Grade of 36.2 which should improve significantly . And 31 grams
in an ounce of gold .
So 4500 x 36.2 , divide by 31 grams per ounce , multiply by 12 months and you get a
little over 63K ozs / annum . That`s pretty good considering it will get much better .
So , a good report .
Revenue of near $126 million though it could go either way ."
by nozzpack
Monument Heads Toward Commercial Production at Selinsing Gold Mine
V.MMY | 1 minute ago
VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to update the progress at the Selinsing Sulphide Project. The ramp-up of the flotation plant has made great headway, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. The plant construction and mine development consumed a total of $18 million, in line with the budget.
President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production. We have commenced sulphide production in January 2023 and continue testing and adjusting to improve plant performance through the action plan. Despite several incidental plant shutdowns during March to May, the plant is expected to reach its near or full production level by June 2023, within the planned ramp up period of three to six months. To date, the flotation plant has produced approximately 3,450 dry metric tonnes (“DMT”) of concentrate with an average gold grade of 36.20 g/t, containing 4,015 troy ounces of gold. Several export permits have been recently granted by the relevant authority and concentrate shipments are currently in progress.”
Figure 1. Concentrate in Tent is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f39acde0-f30d-4cb5-ba04-acfcffe21613
Figure 2. Concentrate Storage Construction is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/616859ef-54ec-4981-af79-7bf9dbeb3575
Flotation Plant Production Ramp-up
The ramp-up of the flotation plant continued, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. During this ramp-up process bottlenecks have been identified and the team has been working to correct them in order to ramp up to commercial production. The ramp-up period is expected to be completed in June 2023.
Certain design deficiencies have been detected and revision of designs have been received to improve performance efficiencies including design of a new rougher flotation tailings hopper and associated pipework, structural and civils drawings and specifications for the new concentrate thickener overflow pumps. Pump suction and delivery lines will be upgraded as well as the power supply to the bigger motors required. None of the above works has material impact on our current flotation plant operations.
The flotation plant experienced major shutdowns from early March to first week of May. The Metso-Outotec concentrate thickener rake drive gearbox was broken, replaced by a new gear box assembled in Australia, airfreighted to Malaysia, and installed. The concentrate thickener was then recommissioned, and all concentrates were recovered to the circuit. Further loss of production occurred in April until May as the filter press cloths started failing prematurely due to manufacturing defects; the supplier has accepted the defects and will supply two new sets of higher permeability filter cloths. In the meantime, replacement filter press cloths were sourced and delivered from local suppliers. Management is focused on reviewing all critical parts and in advancing the procurement plan.
Construction of the new concentrate shed continued with the concrete floor poured and the erection of structural steelwork commencing. The shed is expected to be completed by mid-June and will hold enough capacity for over 4,500 tonnes of concentrate or one month’s production.
Construction of the 100-tonne capacity weighbridge was completed, and the unit was calibrated and certified by the Metrology Corporation of Malaysia.
Manufacture of the 1 tonne bulk bagging system has been completed in the UK and is ready to be shipped to Malaysia.
Figure 3: Weighbridge is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/184810b7-a354-4785-a5d4-e65d2c2e99d0
Figure 4: Ammonium Nitrate Storage Area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0da4743-e701-4cae-8553-f15f6ce7be1f
Mining
Mining of the first stages of Buffalo Reef pits BRC2 and BRC3 continued, transition sulphide ore was delivered to the ROM pad and oxide ore to stockpiles elsewhere. The stockpile of around one month of process plant feed of 80,000 tonnes was maintained, with mining production over the next six months expected to boost this to at least three months or 240,000 tonnes of ore. The arrival of the new mining fleet will help enhance the mining rates.
Unexpected heavy rain in February 2023 slowed down the mining rates and explosives delivery shortages were experienced from supplier Austin Powders due to their implementation of a stricter explosive trucking policy. The explosive supply situation will be helped by the opening of a new storage facility at Bentong, which is much closer than the current supply from Kuala Lumpur. In addition, a new depot for raw materials including ammonium nitrate is being constructed at the Selinsing mine site. These developments will ensure the availability of explosives in the future by providing alternatives. Construction of this facility is ongoing and scheduled for initial use in June 2023.
Government Permits
Recently, several export permits and transportation permits have been granted to Selinsing which enable Selinsing to initiate the shipment for its first sales.
Around the Hari Raya holiday on April 21st, the new operational mining scheme (OMS) expired on April 16th, 2023 and was renewed on April 20th, 2023. The annual and monthly blasting permits expired along with the OMS and there was insufficient time for the requisite approvals for these permits before the Hari Raya holiday period. The two blasting permits were issued on May 11th, 2023 when mining activities resumed.
Concentrate Sales Preparation
Off take agreements or business confirmation letters for off-take of Selinsing gold concentrate have been signed with several concentrate buyers under competitive commercial terms. Several buyers have received export permits and the shipments are underway. The first 2,000 DMT of gold concentrate production is now available for sale and the royalties for this concentrate have been paid to the parastatal Pahang Mining Corporation.
Risks
The Company closely monitors uncontrollable risk factors with building and operation the flotation plant including: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Disclaimer Regarding Forward-Looking Statements
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Bullish
BULLISH
God Bless
Amen
Primary Logo
Tags:
GOLD
KICK1 Watch - Monument Mining Limited (TSX-V: MMY) (MMTMF) and (FSE: D7Q1) If you detail the
actual operating time of the FP plant including massive
downtime including the fact that at no time in the past 4-5 months was the plant anywhere
near full breast plate capability
you will have difficulty arriving at a full month of optimum concentrate production.
Yet we produced over 4000 ounces of concentrate for that reduced month....or most likely over 50,000 ounces pro rated to 12 months.
Recall earlier that , using reported head grades, Mass pull etc, I estimated somewhere in the mid to high 50,000 production range .
So, warts and all, we are where we would have expected us to be at this stage in the commissiing of a new FP plant in the monsoon season..
Monument Mining Ltd " we did very well considering we lost over 2 months of production with breakdowns and faulty filters .
These things are to be expected . It`s still a start up and we will see big improvements .
The mention of the concentrate shed is interesting . They say " it will hold 4500 tonnes or
one month`s production " Grade of 36.2 which should improve significantly . And 31 grams
in an ounce of gold .
So 4500 x 36.2 , divide by 31 grams per ounce , multiply by 12 months and you get a
little over 63K ozs / annum . That`s pretty good considering it will get much better .
So , a good report .
Revenue of near $126 million though it could go either way ."
by nozzpack
Monument Heads Toward Commercial Production at Selinsing Gold Mine
V.MMY | 1 minute ago
VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to update the progress at the Selinsing Sulphide Project. The ramp-up of the flotation plant has made great headway, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. The plant construction and mine development consumed a total of $18 million, in line with the budget.
President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production. We have commenced sulphide production in January 2023 and continue testing and adjusting to improve plant performance through the action plan. Despite several incidental plant shutdowns during March to May, the plant is expected to reach its near or full production level by June 2023, within the planned ramp up period of three to six months. To date, the flotation plant has produced approximately 3,450 dry metric tonnes (“DMT”) of concentrate with an average gold grade of 36.20 g/t, containing 4,015 troy ounces of gold. Several export permits have been recently granted by the relevant authority and concentrate shipments are currently in progress.”
Figure 1. Concentrate in Tent is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f39acde0-f30d-4cb5-ba04-acfcffe21613
Figure 2. Concentrate Storage Construction is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/616859ef-54ec-4981-af79-7bf9dbeb3575
Flotation Plant Production Ramp-up
The ramp-up of the flotation plant continued, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. During this ramp-up process bottlenecks have been identified and the team has been working to correct them in order to ramp up to commercial production. The ramp-up period is expected to be completed in June 2023.
Certain design deficiencies have been detected and revision of designs have been received to improve performance efficiencies including design of a new rougher flotation tailings hopper and associated pipework, structural and civils drawings and specifications for the new concentrate thickener overflow pumps. Pump suction and delivery lines will be upgraded as well as the power supply to the bigger motors required. None of the above works has material impact on our current flotation plant operations.
The flotation plant experienced major shutdowns from early March to first week of May. The Metso-Outotec concentrate thickener rake drive gearbox was broken, replaced by a new gear box assembled in Australia, airfreighted to Malaysia, and installed. The concentrate thickener was then recommissioned, and all concentrates were recovered to the circuit. Further loss of production occurred in April until May as the filter press cloths started failing prematurely due to manufacturing defects; the supplier has accepted the defects and will supply two new sets of higher permeability filter cloths. In the meantime, replacement filter press cloths were sourced and delivered from local suppliers. Management is focused on reviewing all critical parts and in advancing the procurement plan.
Construction of the new concentrate shed continued with the concrete floor poured and the erection of structural steelwork commencing. The shed is expected to be completed by mid-June and will hold enough capacity for over 4,500 tonnes of concentrate or one month’s production.
Construction of the 100-tonne capacity weighbridge was completed, and the unit was calibrated and certified by the Metrology Corporation of Malaysia.
Manufacture of the 1 tonne bulk bagging system has been completed in the UK and is ready to be shipped to Malaysia.
Figure 3: Weighbridge is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/184810b7-a354-4785-a5d4-e65d2c2e99d0
Figure 4: Ammonium Nitrate Storage Area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0da4743-e701-4cae-8553-f15f6ce7be1f
Mining
Mining of the first stages of Buffalo Reef pits BRC2 and BRC3 continued, transition sulphide ore was delivered to the ROM pad and oxide ore to stockpiles elsewhere. The stockpile of around one month of process plant feed of 80,000 tonnes was maintained, with mining production over the next six months expected to boost this to at least three months or 240,000 tonnes of ore. The arrival of the new mining fleet will help enhance the mining rates.
Unexpected heavy rain in February 2023 slowed down the mining rates and explosives delivery shortages were experienced from supplier Austin Powders due to their implementation of a stricter explosive trucking policy. The explosive supply situation will be helped by the opening of a new storage facility at Bentong, which is much closer than the current supply from Kuala Lumpur. In addition, a new depot for raw materials including ammonium nitrate is being constructed at the Selinsing mine site. These developments will ensure the availability of explosives in the future by providing alternatives. Construction of this facility is ongoing and scheduled for initial use in June 2023.
Government Permits
Recently, several export permits and transportation permits have been granted to Selinsing which enable Selinsing to initiate the shipment for its first sales.
Around the Hari Raya holiday on April 21st, the new operational mining scheme (OMS) expired on April 16th, 2023 and was renewed on April 20th, 2023. The annual and monthly blasting permits expired along with the OMS and there was insufficient time for the requisite approvals for these permits before the Hari Raya holiday period. The two blasting permits were issued on May 11th, 2023 when mining activities resumed.
Concentrate Sales Preparation
Off take agreements or business confirmation letters for off-take of Selinsing gold concentrate have been signed with several concentrate buyers under competitive commercial terms. Several buyers have received export permits and the shipments are underway. The first 2,000 DMT of gold concentrate production is now available for sale and the royalties for this concentrate have been paid to the parastatal Pahang Mining Corporation.
Risks
The Company closely monitors uncontrollable risk factors with building and operation the flotation plant including: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Disclaimer Regarding Forward-Looking Statements
https://monumentmining.com/investors/presentation/
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Monument Mining Limited (TSX-V: MMY) (MMTMF) and (FSE: D7Q1) If you detail the
actual operating time of the FP plant including massive
downtime including the fact that at no time in the past 4-5 months was the plant anywhere
near full breast plate capability
you will have difficulty arriving at a full month of optimum concentrate production.
Yet we produced over 4000 ounces of concentrate for that reduced month....or most likely over 50,000 ounces pro rated to 12 months.
Recall earlier that , using reported head grades, Mass pull etc, I estimated somewhere in the mid to high 50,000 production range .
So, warts and all, we are where we would have expected us to be at this stage in the commissiing of a new FP plant in the monsoon season..
Monument Mining Ltd " we did very well considering we lost over 2 months of production with breakdowns and faulty filters .
These things are to be expected . It`s still a start up and we will see big improvements .
The mention of the concentrate shed is interesting . They say " it will hold 4500 tonnes or
one month`s production " Grade of 36.2 which should improve significantly . And 31 grams
in an ounce of gold .
So 4500 x 36.2 , divide by 31 grams per ounce , multiply by 12 months and you get a
little over 63K ozs / annum . That`s pretty good considering it will get much better .
So , a good report .
Revenue of near $126 million though it could go either way ."
by nozzpack
Monument Heads Toward Commercial Production at Selinsing Gold Mine
V.MMY | 1 minute ago
VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to update the progress at the Selinsing Sulphide Project. The ramp-up of the flotation plant has made great headway, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. The plant construction and mine development consumed a total of $18 million, in line with the budget.
President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production. We have commenced sulphide production in January 2023 and continue testing and adjusting to improve plant performance through the action plan. Despite several incidental plant shutdowns during March to May, the plant is expected to reach its near or full production level by June 2023, within the planned ramp up period of three to six months. To date, the flotation plant has produced approximately 3,450 dry metric tonnes (“DMT”) of concentrate with an average gold grade of 36.20 g/t, containing 4,015 troy ounces of gold. Several export permits have been recently granted by the relevant authority and concentrate shipments are currently in progress.”
Figure 1. Concentrate in Tent is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f39acde0-f30d-4cb5-ba04-acfcffe21613
Figure 2. Concentrate Storage Construction is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/616859ef-54ec-4981-af79-7bf9dbeb3575
Flotation Plant Production Ramp-up
The ramp-up of the flotation plant continued, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. During this ramp-up process bottlenecks have been identified and the team has been working to correct them in order to ramp up to commercial production. The ramp-up period is expected to be completed in June 2023.
Certain design deficiencies have been detected and revision of designs have been received to improve performance efficiencies including design of a new rougher flotation tailings hopper and associated pipework, structural and civils drawings and specifications for the new concentrate thickener overflow pumps. Pump suction and delivery lines will be upgraded as well as the power supply to the bigger motors required. None of the above works has material impact on our current flotation plant operations.
The flotation plant experienced major shutdowns from early March to first week of May. The Metso-Outotec concentrate thickener rake drive gearbox was broken, replaced by a new gear box assembled in Australia, airfreighted to Malaysia, and installed. The concentrate thickener was then recommissioned, and all concentrates were recovered to the circuit. Further loss of production occurred in April until May as the filter press cloths started failing prematurely due to manufacturing defects; the supplier has accepted the defects and will supply two new sets of higher permeability filter cloths. In the meantime, replacement filter press cloths were sourced and delivered from local suppliers. Management is focused on reviewing all critical parts and in advancing the procurement plan.
Construction of the new concentrate shed continued with the concrete floor poured and the erection of structural steelwork commencing. The shed is expected to be completed by mid-June and will hold enough capacity for over 4,500 tonnes of concentrate or one month’s production.
Construction of the 100-tonne capacity weighbridge was completed, and the unit was calibrated and certified by the Metrology Corporation of Malaysia.
Manufacture of the 1 tonne bulk bagging system has been completed in the UK and is ready to be shipped to Malaysia.
Figure 3: Weighbridge is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/184810b7-a354-4785-a5d4-e65d2c2e99d0
Figure 4: Ammonium Nitrate Storage Area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0da4743-e701-4cae-8553-f15f6ce7be1f
Mining
Mining of the first stages of Buffalo Reef pits BRC2 and BRC3 continued, transition sulphide ore was delivered to the ROM pad and oxide ore to stockpiles elsewhere. The stockpile of around one month of process plant feed of 80,000 tonnes was maintained, with mining production over the next six months expected to boost this to at least three months or 240,000 tonnes of ore. The arrival of the new mining fleet will help enhance the mining rates.
Unexpected heavy rain in February 2023 slowed down the mining rates and explosives delivery shortages were experienced from supplier Austin Powders due to their implementation of a stricter explosive trucking policy. The explosive supply situation will be helped by the opening of a new storage facility at Bentong, which is much closer than the current supply from Kuala Lumpur. In addition, a new depot for raw materials including ammonium nitrate is being constructed at the Selinsing mine site. These developments will ensure the availability of explosives in the future by providing alternatives. Construction of this facility is ongoing and scheduled for initial use in June 2023.
Government Permits
Recently, several export permits and transportation permits have been granted to Selinsing which enable Selinsing to initiate the shipment for its first sales.
Around the Hari Raya holiday on April 21st, the new operational mining scheme (OMS) expired on April 16th, 2023 and was renewed on April 20th, 2023. The annual and monthly blasting permits expired along with the OMS and there was insufficient time for the requisite approvals for these permits before the Hari Raya holiday period. The two blasting permits were issued on May 11th, 2023 when mining activities resumed.
Concentrate Sales Preparation
Off take agreements or business confirmation letters for off-take of Selinsing gold concentrate have been signed with several concentrate buyers under competitive commercial terms. Several buyers have received export permits and the shipments are underway. The first 2,000 DMT of gold concentrate production is now available for sale and the royalties for this concentrate have been paid to the parastatal Pahang Mining Corporation.
Risks
The Company closely monitors uncontrollable risk factors with building and operation the flotation plant including: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Disclaimer Regarding Forward-Looking Statements
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Bullish
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God Bless
Amen
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Tags:
GOLD
Monument Mining Ltd " we did very well considering we lost over 2 months of production with breakdowns and faulty filters .
These things are to be expected . It`s still a start up and we will see big improvements .
The mention of the concentrate shed is interesting . They say " it will hold 4500 tonnes or
one month`s production " Grade of 36.2 which should improve significantly . And 31 grams
in an ounce of gold .
So 4500 x 36.2 , divide by 31 grams per ounce , multiply by 12 months and you get a
little over 63K ozs / annum . That`s pretty good considering it will get much better .
So , a good report .
Revenue of near $126 million though it could go either way ."
by nozzpack
Monument Heads Toward Commercial Production at Selinsing Gold Mine
V.MMY | 1 minute ago
VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to update the progress at the Selinsing Sulphide Project. The ramp-up of the flotation plant has made great headway, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. The plant construction and mine development consumed a total of $18 million, in line with the budget.
President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production. We have commenced sulphide production in January 2023 and continue testing and adjusting to improve plant performance through the action plan. Despite several incidental plant shutdowns during March to May, the plant is expected to reach its near or full production level by June 2023, within the planned ramp up period of three to six months. To date, the flotation plant has produced approximately 3,450 dry metric tonnes (“DMT”) of concentrate with an average gold grade of 36.20 g/t, containing 4,015 troy ounces of gold. Several export permits have been recently granted by the relevant authority and concentrate shipments are currently in progress.”
Figure 1. Concentrate in Tent is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f39acde0-f30d-4cb5-ba04-acfcffe21613
Figure 2. Concentrate Storage Construction is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/616859ef-54ec-4981-af79-7bf9dbeb3575
Flotation Plant Production Ramp-up
The ramp-up of the flotation plant continued, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. During this ramp-up process bottlenecks have been identified and the team has been working to correct them in order to ramp up to commercial production. The ramp-up period is expected to be completed in June 2023.
Certain design deficiencies have been detected and revision of designs have been received to improve performance efficiencies including design of a new rougher flotation tailings hopper and associated pipework, structural and civils drawings and specifications for the new concentrate thickener overflow pumps. Pump suction and delivery lines will be upgraded as well as the power supply to the bigger motors required. None of the above works has material impact on our current flotation plant operations.
The flotation plant experienced major shutdowns from early March to first week of May. The Metso-Outotec concentrate thickener rake drive gearbox was broken, replaced by a new gear box assembled in Australia, airfreighted to Malaysia, and installed. The concentrate thickener was then recommissioned, and all concentrates were recovered to the circuit. Further loss of production occurred in April until May as the filter press cloths started failing prematurely due to manufacturing defects; the supplier has accepted the defects and will supply two new sets of higher permeability filter cloths. In the meantime, replacement filter press cloths were sourced and delivered from local suppliers. Management is focused on reviewing all critical parts and in advancing the procurement plan.
Construction of the new concentrate shed continued with the concrete floor poured and the erection of structural steelwork commencing. The shed is expected to be completed by mid-June and will hold enough capacity for over 4,500 tonnes of concentrate or one month’s production.
Construction of the 100-tonne capacity weighbridge was completed, and the unit was calibrated and certified by the Metrology Corporation of Malaysia.
Manufacture of the 1 tonne bulk bagging system has been completed in the UK and is ready to be shipped to Malaysia.
Figure 3: Weighbridge is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/184810b7-a354-4785-a5d4-e65d2c2e99d0
Figure 4: Ammonium Nitrate Storage Area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0da4743-e701-4cae-8553-f15f6ce7be1f
Mining
Mining of the first stages of Buffalo Reef pits BRC2 and BRC3 continued, transition sulphide ore was delivered to the ROM pad and oxide ore to stockpiles elsewhere. The stockpile of around one month of process plant feed of 80,000 tonnes was maintained, with mining production over the next six months expected to boost this to at least three months or 240,000 tonnes of ore. The arrival of the new mining fleet will help enhance the mining rates.
Unexpected heavy rain in February 2023 slowed down the mining rates and explosives delivery shortages were experienced from supplier Austin Powders due to their implementation of a stricter explosive trucking policy. The explosive supply situation will be helped by the opening of a new storage facility at Bentong, which is much closer than the current supply from Kuala Lumpur. In addition, a new depot for raw materials including ammonium nitrate is being constructed at the Selinsing mine site. These developments will ensure the availability of explosives in the future by providing alternatives. Construction of this facility is ongoing and scheduled for initial use in June 2023.
Government Permits
Recently, several export permits and transportation permits have been granted to Selinsing which enable Selinsing to initiate the shipment for its first sales.
Around the Hari Raya holiday on April 21st, the new operational mining scheme (OMS) expired on April 16th, 2023 and was renewed on April 20th, 2023. The annual and monthly blasting permits expired along with the OMS and there was insufficient time for the requisite approvals for these permits before the Hari Raya holiday period. The two blasting permits were issued on May 11th, 2023 when mining activities resumed.
Concentrate Sales Preparation
Off take agreements or business confirmation letters for off-take of Selinsing gold concentrate have been signed with several concentrate buyers under competitive commercial terms. Several buyers have received export permits and the shipments are underway. The first 2,000 DMT of gold concentrate production is now available for sale and the royalties for this concentrate have been paid to the parastatal Pahang Mining Corporation.
Risks
The Company closely monitors uncontrollable risk factors with building and operation the flotation plant including: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Disclaimer Regarding Forward-Looking Statements
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Bullish
BULLISH
God Bless
Amen
Primary Logo
Tags:
GOLD
Monument Heads Toward Commercial Production at Selinsing Gold Mine
V.MMY | 1 minute ago
VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to update the progress at the Selinsing Sulphide Project. The ramp-up of the flotation plant has made great headway, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. The plant construction and mine development consumed a total of $18 million, in line with the budget.
President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production. We have commenced sulphide production in January 2023 and continue testing and adjusting to improve plant performance through the action plan. Despite several incidental plant shutdowns during March to May, the plant is expected to reach its near or full production level by June 2023, within the planned ramp up period of three to six months. To date, the flotation plant has produced approximately 3,450 dry metric tonnes (“DMT”) of concentrate with an average gold grade of 36.20 g/t, containing 4,015 troy ounces of gold. Several export permits have been recently granted by the relevant authority and concentrate shipments are currently in progress.”
Figure 1. Concentrate in Tent is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f39acde0-f30d-4cb5-ba04-acfcffe21613
Figure 2. Concentrate Storage Construction is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/616859ef-54ec-4981-af79-7bf9dbeb3575
Flotation Plant Production Ramp-up
The ramp-up of the flotation plant continued, with the mill feed rate of 113 dry tonnes per hour achieved, being 95% of the design capacity of 119 dry tonnes per hour. During this ramp-up process bottlenecks have been identified and the team has been working to correct them in order to ramp up to commercial production. The ramp-up period is expected to be completed in June 2023.
Certain design deficiencies have been detected and revision of designs have been received to improve performance efficiencies including design of a new rougher flotation tailings hopper and associated pipework, structural and civils drawings and specifications for the new concentrate thickener overflow pumps. Pump suction and delivery lines will be upgraded as well as the power supply to the bigger motors required. None of the above works has material impact on our current flotation plant operations.
The flotation plant experienced major shutdowns from early March to first week of May. The Metso-Outotec concentrate thickener rake drive gearbox was broken, replaced by a new gear box assembled in Australia, airfreighted to Malaysia, and installed. The concentrate thickener was then recommissioned, and all concentrates were recovered to the circuit. Further loss of production occurred in April until May as the filter press cloths started failing prematurely due to manufacturing defects; the supplier has accepted the defects and will supply two new sets of higher permeability filter cloths. In the meantime, replacement filter press cloths were sourced and delivered from local suppliers. Management is focused on reviewing all critical parts and in advancing the procurement plan.
Construction of the new concentrate shed continued with the concrete floor poured and the erection of structural steelwork commencing. The shed is expected to be completed by mid-June and will hold enough capacity for over 4,500 tonnes of concentrate or one month’s production.
Construction of the 100-tonne capacity weighbridge was completed, and the unit was calibrated and certified by the Metrology Corporation of Malaysia.
Manufacture of the 1 tonne bulk bagging system has been completed in the UK and is ready to be shipped to Malaysia.
Figure 3: Weighbridge is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/184810b7-a354-4785-a5d4-e65d2c2e99d0
Figure 4: Ammonium Nitrate Storage Area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0da4743-e701-4cae-8553-f15f6ce7be1f
Mining
Mining of the first stages of Buffalo Reef pits BRC2 and BRC3 continued, transition sulphide ore was delivered to the ROM pad and oxide ore to stockpiles elsewhere. The stockpile of around one month of process plant feed of 80,000 tonnes was maintained, with mining production over the next six months expected to boost this to at least three months or 240,000 tonnes of ore. The arrival of the new mining fleet will help enhance the mining rates.
Unexpected heavy rain in February 2023 slowed down the mining rates and explosives delivery shortages were experienced from supplier Austin Powders due to their implementation of a stricter explosive trucking policy. The explosive supply situation will be helped by the opening of a new storage facility at Bentong, which is much closer than the current supply from Kuala Lumpur. In addition, a new depot for raw materials including ammonium nitrate is being constructed at the Selinsing mine site. These developments will ensure the availability of explosives in the future by providing alternatives. Construction of this facility is ongoing and scheduled for initial use in June 2023.
Government Permits
Recently, several export permits and transportation permits have been granted to Selinsing which enable Selinsing to initiate the shipment for its first sales.
Around the Hari Raya holiday on April 21st, the new operational mining scheme (OMS) expired on April 16th, 2023 and was renewed on April 20th, 2023. The annual and monthly blasting permits expired along with the OMS and there was insufficient time for the requisite approvals for these permits before the Hari Raya holiday period. The two blasting permits were issued on May 11th, 2023 when mining activities resumed.
Concentrate Sales Preparation
Off take agreements or business confirmation letters for off-take of Selinsing gold concentrate have been signed with several concentrate buyers under competitive commercial terms. Several buyers have received export permits and the shipments are underway. The first 2,000 DMT of gold concentrate production is now available for sale and the royalties for this concentrate have been paid to the parastatal Pahang Mining Corporation.
Risks
The Company closely monitors uncontrollable risk factors with building and operation the flotation plant including: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Disclaimer Regarding Forward-Looking Statements
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Bullish
BULLISH
God Bless
Amen
Primary Logo
Tags:
GOLD
Monument Mining Ltd Q3 Next Week -
That's based on 2022 when Q3 was released on May 30.
It will be a signifucant NR as we shall get critical updates on the early performance of the
new FP from which we will be able to judge Q4 going forward.
Floatation Plants are fairly simple equipment which after commissioning debugging tends to
run smoothly for years .
As we have a very competent plant operations staff, I don't foresee much in the way of
operating problems.
Based on documented FP production of Concentrate in Q3 plus what they might sell from finished gold ingots in the Inventory, I see about $10 million in Q3 revenues which will be greatest revenues in many a year.
As such, Q3 should give the share price it's first bump up in in Quite a while..
By nozzpack
Gold & Silver is GOD'S Money -
Monument Mining Ltd RE: New ALL IN Cost Monument Mining -
There is only one real and accurate Breakeven cash cost for gold producers.
That is the Total Production Cost.(TPC ) Neither Cash Cost nor AISC.....despite its
name...fully describe All In.
This is the real All In .
Cash flows in excess of Breakeven = TPC go straight to the cash position as free cash
flows.
The 2019 report estimated TPC at $1100.
The FR report estimated TPC at $1300 so your numbers are very close to those two
numbers.
Inflation is modest in Malaysia and Cathy / mining crew have increased operating
efficiencies quite a bit since 2019 .
So we are in good shape and have millions of tax loss pools to offset taxes and a wad of
deferred tax assets that can be cashed in if profitability is expected from the FP plant which
seems almost certain .
All of that cash offers opportunity to expand ore capacity above 1 million TPA to 1.5 TPA
which enables the oxide mill to re open for Peranghi ore plus new oxides being discovered
as part of sulphide mining drilling .
We are on the cusp of lots of exciting developments over the next year which will greatly
reward our patience and our wallets .
by nozzpackon
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Bullish
BULLISH
God Bless
Amen
KiCK1 - Jesus says... America, Donald needs you!... Are you a wise or foolish Virgin? -
https://rumble.com/v2np9ui-may-9-2016-america-donald-needs-you...-are-you-a-wise-or-foolish-virgin.html
Gold & Silver Is GOD'S Money - To Follow -
Monument Mining Ltd (MMTMF) (MMY:TSE) RE: New ALL IN Cost Monument Mining
There is only one real and accurate Breakeven cash cost for gold producers.
That is the Total Production Cost.(TPC ) Neither Cash Cost nor AISC.....despite its
name...fully describe All In.
This is the real All In .
Cash flows in excess of Breakeven = TPC go straight to the cash position as free cash
flows.
The 2019 report estimated TPC at $1100.
The FR report estimated TPC at $1300 so your numbers are very close to those two
numbers.
Inflation is modest in Malaysia and Cathy / mining crew have increased operating
efficiencies quite a bit since 2019 .
So we are in good shape and have millions of tax loss pools to offset taxes and a wad of
deferred tax assets that can be cashed in if profitability is expected from the FP plant which
seems almost certain .
All of that cash offers opportunity to expand ore capacity above 1 million TPA to 1.5 TPA
which enables the oxide mill to re open for Peranghi ore plus new oxides being discovered
as part of sulphide mining drilling .
We are on the cusp of lots of exciting developments over the next year which will greatly
reward our patience and our wallets .
by nozzpackon
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Bullish
BULLISH
Monument Mining Ltd RE: New ALL IN Cost Monument Mining
There is only one real and accurate Breakeven cash cost for gold producers.
That is the Total Production Cost.(TPC ) Neither Cash Cost nor AISC.....despite its
name...fully describe All In.
This is the real All In .
Cash flows in excess of Breakeven = TPC go straight to the cash position as free cash
flows.
The 2019 report estimated TPC at $1100.
The FR report estimated TPC at $1300 so your numbers are very close to those two
numbers.
Inflation is modest in Malaysia and Cathy / mining crew have increased operating
efficiencies quite a bit since 2019 .
So we are in good shape and have millions of tax loss pools to offset taxes and a wad of
deferred tax assets that can be cashed in if profitability is expected from the FP plant which
seems almost certain .
All of that cash offers opportunity to expand ore capacity above 1 million TPA to 1.5 TPA
which enables the oxide mill to re open for Peranghi ore plus new oxides being discovered
as part of sulphide mining drilling .
We are on the cusp of lots of exciting developments over the next year which will greatly
reward our patience and our wallets .
by nozzpackon
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171807235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Resumption of Mining at Murchison -
Hello my friends , hope you are all well and suffering well through the return of El Nio .
One of the benefits of having astute shareholders as contributors to your investment is that
they see things that many of us might miss.
Fortunately , I am blessed that way.
In this regard, one of them has pointed out to me that there are new pictures on the
Murchison website
that indicate that the Burnakura mill is undergoing renewed activity.
We know that Management have made Murchison a priority in diversifying our production
sources.
There are ore stockpiles there and an historic tailings dump with very high grades suitable
for the mill start up.
My astute colleague has also noticed that our mining and development officer ..Matt A ntill..who has extensive experience in all things mining in Australia ,is onsite .
Now I have already pointed out that we have about $20 million in deferred tax assets
presumably acquired with the Murchison acquisition.
Those can only be used in the case that future profits can be presumed .
So, we have here a situation in which we have a fully operational mill requiring only
recommisiing startup , cheap ore from the old tailings dump and good grade ore available
from earlier stockpiling .
We have ODY near defining new open pit oxide resources which have access to the
Burnakura mill and up to $20 m cad in deferred tax assets under demonstrated profitability
which can be utilized to upgrade the mill to 750,000 tons per year .
This scenario of course is a fill in the blanks scenario but there are blanks already filled in
that make may convert speculation into reality..
With thanks to the Conqueror..
by nozzpack
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
Monument Mining Ltd - A very good day on light volume.
We are in the liftoff zone , with near record gold prices and
rapidly increasing production.
I see no problem in rising above $0.20 by June.
A double from here in that short time period is as good as it gets..
Comment by nozzpack on Apr 04, 2023 4:00pm
$In GOD We Trust - Real Money - AU Safety 6000yrs 
)
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https://www.kitco.com/images/live/gold.gif?0.8344882022363285
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
garym Welcome - Monument Commences Mining High Grade Sulphide Ore at Selinsing Gold Mine -
March 27, 2023
View PDF
Vancouver, B.C., March 27, 2023,
Monument Mining Limited (TSX-V: MMY and MMTMF & FSE: D7Q1)
(“Monument” or the “Company”) is pleased to update the progress at
the Selinsing Sulphide Project with the commencement of mining high grade sulphide ores
from Buffalo Reef at the Selinsing Gold Mine in Malaysia.
New mining equipment has been mobilized to increase mining production rates to meet
commercial production rates through the soon to be commissioned sulphide treatment plant
which is nearing nameplate capacity in readiness for gold concentrate sales.
https://monumentmining.com/news-media/news/2023/monument-commences-mining-high-grade-sulphide-ore-at-selinsing-gold-mine/
https://monumentmining.com/news-media/photo-gallery/
Monument Mining Ltd - Also Own The Murchison Gold Mines Project and it is very valuable
to be a great Gold producer soon ready for milling restart -
The construction and commissioning of the new SELINSING GOLD Floatation Plant has
diverted our attention -
including the phase 2 drilling program , but that should change soon.
Our Murchison Gold Project is a premium asset that could be brought to resume
production once cash flows from the Selinsing Gold mine and it's ready begin again to fill
our Gold coffers. )
Monuments Mining - Murchison Gold Mines Photo Gallery -
https://monumentmining.com/news-media/photo-gallery/
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom .
And literally a stone
throw from our Burnakurra mill
. 
Further , recent and historical drilling has shown that this rich basement lode under pit # 1
extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to
2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south .
Do they also have grades like
NOA#1 at depth and its a good possibility of it - )
We also discovered potentially new resources at the Junction and have yet to even scratch
the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high
grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully
operational mill of ours - )
Our 80 % partner ODY has made some truly amazing intersections at ourTuckanarra and
they got a part option on this but they have to spend the money on drilling and
current drill program should lead to a great Gold Feasabillity study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and
20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports
https://monumentmining.com/projects/murchison-gold-portfolio/
Corporate Presentation December 2022
https://monumentmining.com/site/assets/files/4320/mmy-corporate-presentation-december-2022.pdf
https://monumentmining.com
https://investorshub.advfn.com/Monument-Mining-Ltd-MMY-13403
Monument Mining (TSXV:MMY) (MMTMF) begins restart mining at Selinsing Gold Mine
Market News, Mining
TSXV:MMY $32.68M
Jocelyn Aspa
Markets Reporter
jocelyn.aspa@themarketherald.ca
27 March 2023 11:33(EDT)
https://themarketherald.ca/monument-commences-mining-high-grade-sulphide-ore-at-selinsing-gold-mine-2023-03-27/
Monument Mining - they also have added a sulphide mill and welcome -
here is a -
Gold Mines Producer undervalued and Imo. will do very well in
the short & long time future -
Monument in International news…Production late January
https://im-mining.com/2022/10/13/monument-minings-selinsing-flotation-plant-almost-complete-ready-for-pre-commissioning/
Corporate Presentation December 2022
https://monumentmining.com/site/assets/files/4320/mmy-corporate-presentation-december-2022.pdf
Ex.gratia - Risk Averse Approach on How to become Wealthy Very Quickly
Very simply, buy MMY about 10 cents.
Risk averse because...
1.....currently trading below cash and liquid investments
2...owns highly valued strategically located Australian Gold deposits proxy valued on its 20%
ownership of ODY ( Odyssey Gold in ASX ...market cap $29 m ) at over $60 million
3....strong growth profile from resumption of gold production of 35000+ ounces from its
Selinsing new Floatation plant......( Fair value estimated at $0.43 per share by recent
analyst report
4...Recurring revenue from 1.25% Royalty from Mengapher poly metallic mines
5...Substantial position has been accumulating in the open market since 2019
6.Insider ownership in excess of 30% so management fully aligned with ordinary
shareholders
7..Hard book value of $0.48 per share
8...Very low cash costs due to location and very low G&A operating costs
9...Substantial exploration upside already tangibly demonstrated from its exploration
tenements surrounding its Selinsing mine
10...Showing all signs that it will be taken private soon , with fair value multiples of current
share price.
$20,000 invested now by buying over 200,000 shares below $0.10 should get you at least
$50,000 by exit 2023 on either its growing low cost gold production fundamentals and/or it
being taken over or maybe go private at $0.25 or above?
•••
Comment by romara on Feb 13, 2023 1:08pm
This the main reason we are here.....It's all in para 7 7..Hard book value of $0.48 per share ..... Richard
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
God Bless
Monument Mining Ltd - Also Own The Murchison Gold Mines Project and it is very valuable
to be a great Gold producer soon ready for milling restart -
The construction and commissioning of the new SELINSING GOLD Floatation Plant has
diverted our attention -
including the phase 2 drilling program , but that should change soon.
Our Murchison Gold Project is a premium asset that could be brought to resume
production once cash flows from the Selinsing Gold mine and it's ready begin again to fill
our Gold coffers. )
Monuments Mining - Murchison Gold Mines Photo Gallery -
https://monumentmining.com/news-media/photo-gallery/
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom .
And literally a stone
throw from our Burnakurra mill
.
Further , recent and historical drilling has shown that this rich basement lode under pit # 1
extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to
2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south .
Do they also have grades like
NOA#1 at depth and its a good possibility of it - )
We also discovered potentially new resources at the Junction and have yet to even scratch
the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high
grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully
operational mill of ours - )
Our 80 % partner ODY has made some truly amazing intersections at ourTuckanarra and
they got a part option on this but they have to spend the money on drilling and
current drill program should lead to a great Gold Feasabillity study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and
20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports
https://monumentmining.com/projects/murchison-gold-portfolio/
Corporate Presentation December 2022
https://monumentmining.com/site/assets/files/4320/mmy-corporate-presentation-december-2022.pdf
https://monumentmining.com
https://investorshub.advfn.com/Monument-Mining-Ltd-MMY-13403
God Bless
Hey Buddy, Thank You, Premium Gold $MMY $MMTMF Cheers!
$KICK1 Prayers Thanks - The NWO cabals Destroy USA -
LET'S GO FOR $GOLD THE REAL GOD'S MONEY - Hard Mines Asset - Will Not Be Confiscated - Only Small Risk )
$Monument Mining Ltd; Gold Production @ Low Cost & Very Undervalued Bargain -
WELL; Monument Mining HAVE 3 GOLD MILLS NOW - 2 BIOX and One New SULPHIDE MILL )
$Monument Mining Ltd; from ceo forum
In fact full production will be met before the end of March 2023 .
The start up went much better than expected and as is ,
they will easily exceed capacity .
With some fine tuning this month recoveries will be better than 94% .
Ore grades are also better than expected .
Full year gold production now looks like 52k ounces but should also be better .
Not 40k as reported .
And the AISC will drop like a rock .
So don`t believe some analyst reporting old , inaccurate news .
Do a little leg work . MMY is likely the best buy out there right now . )
There aren`t many others .
but the GOLD To FLY )
Post by deiwel on Mar 15, 2023
forum
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171385405
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171375209
garym Welcome To $Monument Mining Ltd. - LET'S GO FOR $GOLD THE REAL
GOD'S MONEY - Hard Asset - Will Not Be Confiscated - )
$Monument Mining Ltd; Gold Production @ Low Cost & Very Undervalued Bargain - )
$Monument Mining HAVE 3 $GOLD MILLS NOW - 2 BIOX GOLD MILLS and One New
SULPHIDE $GOLD MILL )
PDAC 2023 - Monument Mining With CEO - Cathy Zhai. March 5, 2022.
https://content.jwplatform.com/previews/Ao6RUHrC
It has been said; ex. - Peranghi open pit mines has had extensive exploration and
development activities over the
past 4-5 years .
Grade control has been completed on four open pits and mining benches have been
configured.
Peranghi remains open at strike to the North and at below the pits oxide floor.
Bulk mining of the open pits has confirmed above average ore grades more than meeting
economic mining requirements .
The mining these oxide pits is that the upstream mining capacity...crushing, grinding etc ..is
currently engaged by processing sulphides for the new Floatation plant to that some more
crushing equipment etc. can be added -
When the FP begins generating free cash flows, the upstream ore processing
operations will be expanded such that separate crushing and grinding circuits will be added to permit Peranghi oxide ore to be processed through our oxide mill.
and maybe 25,000 - 30,000 + + cheap Au ounces of oxide bullion....can be mined again - )
https://monumentmining.com/projects/selinsing-gold-portfolio/
https://monumentmining.com/news-media/photo-gallery/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171360812
https://monumentmining.com
$Monument Mining Ltd; from ceo forum
In fact full production will be met before the end of March 2023 .
The start up went much better than expected and as is ,
they will easily exceed capacity .
With some fine tuning this month recoveries will be better than 94% .
Ore grades are also better than expected .
Full year gold production now looks like 52k ounces but should also be better .
Not 40k as reported .
And the AISC will drop like a rock .
So don`t believe some analyst reporting old , inaccurate news .
Do a little leg work . MMY is likely the best buy out there right now . )
There aren`t many others .
but the GOLD To FLY )
Post by deiwel on Mar 15, 2023
forum
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171385405
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171375209
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/live/au0001wb.gif
https://www.kitconet.com/images/live/ag0001wb.gif
https://www.kitco.com/images/live/gold.gif?0.8344882022363285
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
$KICK1 Thanks - The NWO cabals Destroy USA - LET'S GO FOR $GOLD THE REAL GOD'S MONEY - Hard Asset - Will Not Be Confiscated - )
$Monument Mining Ltd; Gold Production @ Low Cost & Very Undervalued Bargain -
$Monument Mining HAVE 3 GOLD MILLS NOW - 2 BIOX GOLD MILLS and One New SULPHIDE GOLD MILL )
PDAC 2023 - Monument Mining With CEO - Cathy Zhai. March 5, 2022.
https://content.jwplatform.com/previews/Ao6RUHrC
It has been said; ex. - Peranghi open pit mines has had extensive exploration and
development activities over the
past 4-5 years .
Grade control has been completed on four open pits and mining benches have been
configured.
Peranghi remains open at strike to the North and at below the pits oxide floor.
Bulk mining of the open pits has confirmed above average ore grades more than meeting
economic mining requirements .
The mining these oxide pits is that the upstream mining capacity...crushing, grinding etc ..is
currently engaged by processing sulphides for the new Floatation plant to that some more
crushing equipment etc. can be added -
When the FP begins generating free cash flows, the upstream ore processing
operations will be expanded such that separate crushing and grinding circuits will be added to permit Peranghi oxide ore to be processed through our oxide mill.
and maybe 25,000 - 30,000 + + cheap Au ounces of oxide bullion....can be mined again - )
https://monumentmining.com/projects/selinsing-gold-portfolio/
https://monumentmining.com/news-media/photo-gallery/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171360812
https://monumentmining.com
$Monument Mining Ltd; from ceo forum
In fact full production will be met before the end of March 2023 .
The start up went much better than expected and as is ,
they will easily exceed capacity .
With some fine tuning this month recoveries will be better than 94% .
Ore grades are also better than expected .
Full year gold production now looks like 52k ounces but should also be better .
Not 40k as reported .
And the AISC will drop like a rock .
So don`t believe some analyst reporting old , inaccurate news .
Do a little leg work . MMY is likely the best buy out there right now . )
There aren`t many others .
but the GOLD To FLY )
Post by deiwel on Mar 15, 2023
forum
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171385405
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171375209
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/live/au0001wb.gif
https://www.kitconet.com/images/live/ag0001wb.gif
https://www.kitco.com/images/live/gold.gif?0.8344882022363285
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
$KICK1 Prayers Thanks - The NWO cabals Destroy USA - LET'S GO FOR $GOLD THE REAL GOD'S MONEY - Hard Asset - Will Not Be Confiscated - )
$Monument Mining Ltd; Gold Production @ Low Cost & Very Undervalued Bargain -
WELL; Monument Mining HAVE 3 GOLD MILLS NOW - 2 BIOX and One New SULPHIDE MILL )
$Monument Mining Ltd; from ceo forum
In fact full production will be met before the end of March 2023 .
The start up went much better than expected and as is ,
they will easily exceed capacity .
With some fine tuning this month recoveries will be better than 94% .
Ore grades are also better than expected .
Full year gold production now looks like 52k ounces but should also be better .
Not 40k as reported .
And the AISC will drop like a rock .
So don`t believe some analyst reporting old , inaccurate news .
Do a little leg work . MMY is likely the best buy out there right now . )
There aren`t many others .
but the GOLD To FLY )
Post by deiwel on Mar 15, 2023
forum
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171385405
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171375209
Monument Mining Ltd; from ceo forum
In fact full production will be met before the end of March 2023 .
The start up went much better than expected and as is ,
they will easily exceed capacity .
With some fine tuning this month recoveries will be better than 94% .
Ore grades are also better than expected .
Full year gold production now looks like 52k ounces but should also be better .
Not 40k as reported .
And the AISC will drop like a rock .
So don`t believe some analyst reporting old , inaccurate news .
Do a little leg work . MMY is likely the best buy out there right now . )
There aren`t many others .
but the GOLD To FLY )
Post by deiwel on Mar 15, 2023
forum
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171385405
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171375209
