$Monument Reports First Quarter Fiscal 2022 (“Q1 FY2022”) Results Gross Revenue of $2.38 Million and Cash Cost of US$1,430/Oz November 29, 2021
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its first quarter of fiscal 2022 production and financial results for the three months ended September 30, 2021.
All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, “2022 fiscal year is full of challenge and would be rewarding for Monument when the Company stays focused on execution of the corporate strategies. During the quarter, the Selinsing flotation plant construction was kicked off with engineering design near completion, long lead items procured, and the earthworks at site reached 90% completion.
The Phase 1 drilling at Murchison was completed by overcoming the shortage of drill rigs.
Peranggih continued to provide additional mill feed that helped to sustain the cash flow. The Delays in gold production is anticipated to be caught up after the monsoon season in the third quarter.”
First Quarter Highlights:
Phase one drilling program completed in Q1 at Murchison Project with 91% assay results received to date; Phase 1&2 RC drilling program completed at Peranggih Gold Prospect in Q1 with positive intercept results;
Selinsing Flotation Plant Project progressing on time in Q1 with 31% completion to date; Long lead item contracts awarded to reputable suppliers for Selinsing Flotation Plant Project;
Selinsing Gold Mine production recovered gradually after the mining ban lifted due to Covid 19 Pandemic;
1,423 ounces (“oz”) of gold sold for $2.38 million (Q1, FY 2021: 3,100oz for $5.92 million);
Average quarterly gold price realized at $1,829/oz (Q1, FY2021: $1,909/oz);
Cash cost per ounce sold was $1,430/oz (Q1, FY2021: $923/oz); Gross margin decreased by 88% to $0.35 million (Q1, FY2021: $3.06 million);
1,043oz of gold produced (Q1, FY2021: 3,504oz); All-in sustaining cost (“AISC”) increased to $2,052/oz (Q1, FY2021: $1,055/oz).
$Davos Is Making The Central Bank Case For Gold BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM Authored by Tom Luongo via Gold, Goats, 'n Guns blog,
$Davos Is Making The Central Bank Case For Gold BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM Authored by Tom Luongo via Gold, Goats, 'n Guns blog,
Vancouver, B.C., December 15, 2021, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce the commencement of a Phase 2 exploration drilling program at Burnakura, one of the primary Murchison Gold Projects in the Meekatharra area, Western Australia. Together the Phase 2 with the Phase 1 drilling that was completed in August forms part of a two year exploration program to test Murchison potential for gold discovery.
In contrary to the Phase 1 Drilling Program which focused on unexplored areas to the south of Burnakura, the Phase 2 program is targeting down dip and down plunge of known high grade deposits that some of them have been mined historically. The drilling is aimed at testing the potential expansion of the underground resource. Step out spacing from existing drilling is broad to increase the probability of discovering mineralization at NOA Structure area (Figure 1).
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