Monument Mining Limited (TSX-V: MMY, MMTMF and FSE: D7Q1) “Monument” or the “Company” is pleased to announce the appointment of Mr. Graham Dickson as Chairman of the Board, and the appointment of Mr. Jean-Edgar de Trentinian as a board member, effective immediately.
“On behalf of the board and the Company, I am delighted to welcome Mr. Dickson to be Chairman of the Board of Directors”, remarked Ms. Cathy Zhai, Director, President and CEO, “His strong mining background will carry on serving Monument going forward as we continue on our growth path to build a strong Company for all stakeholders. I would also like to welcome Mr. Trentinian back to the Monument Board of Directors. His past history and accomplishments combined with extensive contacts in the European business and investment communities will strengthen our Board.”
Mr. Dickson is a mining executive with over 35 years of extensive experience in the gold mining industry and has built numerous gold treatment plants in remote areas of the world. He has been on the board of directors of Monument Mining since December 2011. He has been serving as President for NouHgt Technologies Inc. since 2011; and previously served as Director, Chief Operating Officer and other positions at Veris Gold Corp. Veris was a gold producer of over 150,000 ounces per year and held a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia, Canada as well as in the states of Arizona and Nevada in the U.S.A. Mr. Dickson also served in various capacities with BYG Natural Resources Ltd., which had a gold mine in the Yukon Territory; and acted as General Manager of a turnkey construction company for gold milling facilities in remote locations, including the Snip Mill for Cominco Ltd., Golden Patricia Mill for Bond Gold, Seebee Mill for Claude Resources and for surface facilities at the Julietta mine for Bema Gold.
Mr. Trentinian is a business executive based in Geneva, Switzerland. His background includes extensive experience at the board of director’s level in mining, publishing, advertising, real estate, and communications, as well as served as a diplomat.
Mr. Trentinian is currently shareholder, President and C.E.O. of ORIFER S.A.. He previous severed as a director of Yukon-Nevada Gold Corp., and as a director of Monument Mining Limited from 2011 to 2017. He has administered and owned, either partially or fully, a large number of companies over the years. He was also a diplomat, Head of Mission in Geneva Switzerland, involved in political and humanitarian tasks. Mr. Trentinian was education in France, French Master and the University in Switzerland, Arts & Métiers. He performed military service at the French Air-Force Headquarters.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is advancing several exploration and development projects including the Mengapur Copper-Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area of Western Australia. The Company employs approximately 205 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
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.”
$Way undervalued and oversold - 5 bagger + + + + ? or more -
Precious Metals Expert DAVID MORGAN of "The Morgan Report" joins Michelle to explain the Silver Short Squeeze, which has caused Hedge Funds to lose billions as the general public is catching on to Wall Street's games!
$Any shorts will contribute to keeping the price up as the nwo-cabals must dive for cover -
$MMY Heap Leach Production Potential of Murchison;
$Kentor has done a decent analysis of the heap leaching potential of the lower grade ores at Murchison.
As far as I know, we have the necessary heap leach equipment on hand at $Burnakura for 2 million tons per year.
I used to own GGD which heap leaches very low grade tailings .....less than 1 gm per ton Agglomeration was necessary, as recoveries were greater once the head grade ore was agglomerated with concrete. However, agglomeration seems to be not needed very much for Burnakura ore.
The other parameter is leach cycle time......the time required for the gold to be leached out of the ore once placed on the heap pad. I used 2 cycles per year.....ie about 150 days to maximize recovery of gold.
However, Kentor shows about 24 days which I think must mean something else , as that cycle is quite rapid.
So I use 2 cycles per year Of 500,000 tons of auriferous ore which means 1 million tons per year.
I will use an average of 0.9 gms per ton as head grade of the ore placed on the heap leach pads.
So, that means 900,000 grams of contained gold on the heap leach pads per year.
Recovery rates is about 90% for this grade of ore, so we end up recovering about 800,000 grams of gold per year, which divided by 31 gms per ounce means an annual production of about 25,000 ounces per year .
This is quite close to the 30,000 ounces recovered/ year by Indee gold which used this same leach equipment which was acquired by Kentor.
So, combining 40,000 ounces of high grade production from underground ore through the Burnakura mill @ 300,000 tons per year.....see my previous post..and 25,000 ounces of the lower grades from heap leach, we have about 65,000 ounces of production per year .
Heap leach is cheaper than milling for obvious reasons .
So an AISC of $1000 per ounce for the two combined production methods seems quite reasonable . @$1800 POG, we are excess cash flowing about $50 million per year .
Our neighbour KRR ( which I own ) free cash flows $80 million per year on 95,000 ounces .
This is good agreement . KRR trades at 5.5 times its free cash flow.
This would imply..but degraded 4,5 times , for lower production ..a fair value of about $225 million for our Murchison production, employing fully our current milling and heap leach facilities .
But, we have in addition , that rich gold copper resource at the Yagahong deposit of Gabathinia along with its other 6 pits none of which have been fully explored or the possibility of finding supergene ore.
So, our Murchison assets have superb value at current POG.
It's my analytical opinion, that the Greatest value of our Murchison assets would accrue to us shareholders by spinning it out to us as a new public listing, including the Tuckanara seed capital and JV , allocated perhaps 80% to shareholders and 20 % to our parent company.
Its a win win situation By nozzpack
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile )
Way undervalued and oversold - 5 bagger + + + + ? or more - smile)
$Monument Mining (TSXV:MMY) Photo Gallery - well they growing with new great discovery of plenty more gold ore to increase the ore reserve with good drilling results to be mined many future years the weather is good no curtain needed - smile)
$1,000th Gold Bar Pour Produced by MMY; Photo Gallery smile) It's a great Mother ore start;
Monument Mining Limited (TSX-V: MMY, MMTMF and FSE: D7Q1) “Monument” or the “Company” is pleased to announce the appointment of Mr. Graham Dickson as Chairman of the Board, and the appointment of Mr. Jean-Edgar de Trentinian as a board member, effective immediately.
“On behalf of the board and the Company, I am delighted to welcome Mr. Dickson to be Chairman of the Board of Directors”, remarked Ms. Cathy Zhai, Director, President and CEO, “His strong mining background will carry on serving Monument going forward as we continue on our growth path to build a strong Company for all stakeholders. I would also like to welcome Mr. Trentinian back to the Monument Board of Directors. His past history and accomplishments combined with extensive contacts in the European business and investment communities will strengthen our Board.”
Mr. Dickson is a mining executive with over 35 years of extensive experience in the gold mining industry and has built numerous gold treatment plants in remote areas of the world. He has been on the board of directors of Monument Mining since December 2011. He has been serving as President for NouHgt Technologies Inc. since 2011; and previously served as Director, Chief Operating Officer and other positions at Veris Gold Corp. Veris was a gold producer of over 150,000 ounces per year and held a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia, Canada as well as in the states of Arizona and Nevada in the U.S.A. Mr. Dickson also served in various capacities with BYG Natural Resources Ltd., which had a gold mine in the Yukon Territory; and acted as General Manager of a turnkey construction company for gold milling facilities in remote locations, including the Snip Mill for Cominco Ltd., Golden Patricia Mill for Bond Gold, Seebee Mill for Claude Resources and for surface facilities at the Julietta mine for Bema Gold.
Mr. Trentinian is a business executive based in Geneva, Switzerland. His background includes extensive experience at the board of director’s level in mining, publishing, advertising, real estate, and communications, as well as served as a diplomat.
Mr. Trentinian is currently shareholder, President and C.E.O. of ORIFER S.A.. He previous severed as a director of Yukon-Nevada Gold Corp., and as a director of Monument Mining Limited from 2011 to 2017. He has administered and owned, either partially or fully, a large number of companies over the years. He was also a diplomat, Head of Mission in Geneva Switzerland, involved in political and humanitarian tasks. Mr. Trentinian was education in France, French Master and the University in Switzerland, Arts & Métiers. He performed military service at the French Air-Force Headquarters.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is advancing several exploration and development projects including the Mengapur Copper-Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area of Western Australia. The Company employs approximately 205 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
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.”
$Way undervalued and oversold - 5 bagger + + + + ? or more -
Precious Metals Expert DAVID MORGAN of "The Morgan Report" joins Michelle to explain the Silver Short Squeeze, which has caused Hedge Funds to lose billions as the general public is catching on to Wall Street's games!
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