VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) — Monument Restricted (TSX-V: MMY and FSE: D7Q1) Monument or the Firm in the present day introduced its monetary outcomes for the three months ended September 30, 2024 (Q1 FY 2025). All quantities are in United States {dollars} except in any other case indicated (consult with www.sedar.com for full monetary outcomes).
President and CEO Cathy Zhai commented, “Q1 FY 2025 continuously delivered stable production and positive cash flow. The cash reserves increased by $9.68 million to $17.88 million, which lays a foundation for corporate development and business growth. The work has initiated in assessment of resources and drilling targets for opportunities of life of mine expiation at Selinsing, and studying economics at the Murchison Gold Project for secondary cash generation potential, considering the high gold prices.
First Quarter Highlights:
$17.88 million cash on hand, $9.68 million increase from $10.9 million during Q1 FY 2025, compared to $4.54 million cash on hand, $1.42 million decrease during Q1 FY 2024;$24.72 working capital, $4.17 million or 20% increase from $20.55 million at the end of June 30, 2024;Net profit of $3.00 million, or $0.01 per share for Q1 FY 2025, compared to net loss of ($0.08 million), or ($0.00)/share for Q1 FY 2024;Gross margin of 11.61 million for Q1 FY 2025, 2.9 times increase compared to $3.01 million in Q1 FY 2024;Production performance: 8,059 ounces of gold produced (Q1 FY 2024: 7,243 ounces);9,270 ounces of gold sold at a record average realized price of $2,535/oz for gross revenue of $19.37 million (Q1 FY 2024: 4,607 ounces sold at an average realized price of $1,939/oz for gross revenue of $6.91 million);Cash cost of $837 per ounce sold (Q1 FY 2024: $847/oz);All in sustaining cost of $1,115 per ounce sold for Q1 FY 2025, 17% increase compared to $957/oz in Q1 FY 2024. Near mine resources and drilling targets evaluation initiated for expansion of life of mine.
First Quarter Fiscal Year 2025 Production and Financial Highlights Â
 Three months ended Sept.30,  20242023  Production   Ore mined (tonnes)137,932256,904  Waste removed (tonnes)2,313,0002,115,211  Gold Sulphide Production   Ore processed (tonnes)189,676177,494  Average mill feed grade (g/t)1.741.81  Processing recovery rate (%)76.2269.63  Gold produced (oz) (1)8,0597,243  Gold sold (oz)9,2704,607     Financial (expressed in thousands of US$)$$  Revenue19,3716,911  Gross margin from mining operations11,6113,009  Net Income before other items8,6011,073  Net income (loss)2,997(85)Cash flows provided by operations9,66820  Working capital24,72311,722     Earnings (Loss) per share “ basic and diluted (US$/share)0.01(0.00)    Weighted average gold priceUS$/ozUS$/oz     Realized price – sulphide production2,5351,939     Cash cost per ounce sold   Mining244266  Processing285349  Royalties231172  Operations7760  Total (EPA:) cash cost per ounce sold (2)837847     Operation expenses68  Corporate expenses21  Accretion of asset retirement obligation612  Exploration and evaluation expenditures12  Sustaining capital expenditures26387  Total all-in sustaining costs per ounce sold(3)1,115957 Â
(1) Out of total 8,059 ounces of gold production reported in Q1 FY 2025, of which 153 ounces were production adjustments.(2) Total cash cost for sulphide plant production includes production costs such as mining, processing, tailing facility maintenance and camp administration, royalties, and operating costs such as storage, temporary mine production closure, community development cost and property fees, net of by-product credits. Cash cost excludes amortization, depletion, accretion expenses, capital costs, exploration costs and corporate administration costs.(3) All-in sustaining cost per ounce includes total cash costs, operation expenses, and adds sustaining capital expenditures, corporate administrative expenses for the Selinsing Gold Mine including share-based compensation, exploration and evaluation costs, and accretion of asset retirement obligations. Certain other cash expenditures, including tax payments and acquisition costs, are not included.
GOLD PRODUCTION RESULTS
First quarter gold production
The sulphide flotation plant produced 8,059 ounces of gold, including 153 ounces adjustments. The mill processed 189,676 tonnes of sulphide ore at an improved average recovery of 76.22% because of plant improvements and optimization while slightly lower grade (at 1.74 g/t) transition and fresh sulphide ore being treated compared to Q1 FY 2024.During Q1 FY 2025, mining activities continued to focus on Buffalo Reef and Felda Block 7. Ore mined in the quarter was 46% lower than in Q1 FY 2024, primarily due to a reduction of stockpile turnover caused by processing plant downtime resulting from a TNB power failure and crushing plant blockage. The heavy rainfall also disrupted blasting in certain areas and caused blockages in the crusher.The ore processed during the quarter was 7% more than in Q1 FY 2024 although there were power supply issues, stoppages from scheduled and unscheduled maintenance of the cyclone feed pump and secondary mill.
FINANCIAL RESULTS
First Quarter financial results
Q1 FY 2025 gold sales generated revenue of $19.37 million from 9,270 oz gold sold at an average realized price of $2,535 per ounce (Q1 FY 2024: 4,607 oz at $1,939 per ounce for gross revenue of $6.91 million) from the sulphide flotation plant.Mining operations before non-cash amortization and depreciation generated a gross margin of $11.61 million, an increase of 2.9 times from $3.01 million in Q1 FY 2024.The cash cost from the sulphide gold production is well controlled and decreased to $837/oz for the first quarter from $847/oz in the first quarter of FY 2024.Net cash generated from operating activities of $9.68 million in the quarter, an increase of $9.66 million compared to $0.02 million of net cash generation during Q1 FY 2024, which was mainly led by higher gross margin from more gold concentrate sales at higher realized gold prices.The Company’s cash and cash equivalents as at September 30, 2024 were $17.88 million, an increase of $7.02 million from $10.86 million as at June 30, 2024. And current assets exceeded current liabilities by $24.72 million (June 30, 2024: $20.55 million) demonstrating a strong net working capital position.
MINE DEVELOPMENT
Selinsing Gold Mine
Pre-stripping and cut-back
Mining at Buffalo Reef and Felda Block 7 continued and reached the high-grade portion of the orebody. Stripping and cutback were mainly at the Buffalo Reef pit BRC4 to support ore continuity and production sustainability. The stripping ratio is expected to decline during the remainder of fiscal 2025.
Tailing Storage Facility (TSF) Upgrade
TSF stage 6 seepage and drainage work were completed in September 2024 and stage 7 has been planned to commence after Q1 FY 2025.
Flotation Plant and Related Facilities
Development work at Selinsing focused on ongoing plant improvements and optimization including a new filter press soft starter, survey instruments and handheld X-ray fluorescent analyzer. Crushing and flotation plant modifications including installation of new jaw crusher bearings, an automatic greasing system, cone crusher motor, secondary ball mill motor control unit and liquid resistance starter, cyclone launder, conveyor integrator, new froth pump and slurry pump, and other pumps and pipelines. The upgraded power supply was connected, and new earthing system installed for the concentrate thickener and filter press.
Murchison Gold Project
During the quarter the Company continued working on a review of the Murchison Gold Project, including reassessment of the economics of a production restart. A geological database and archive review are in progress. The Company also continued to review all historical and recent drillhole data for the Gabanintha tenement, in order to plan infill drilling programmes.
The Company continued to engage with the local Aboriginal group to discuss its production intentions in order to obtain the traditional owner’s support. An updated mine closure plan for the Burnakura project was submitted at the end of September 2024 following engagement with local stakeholders, and initial meetings were held with the local Native Title holders, regarding the commencement of exploration activity at Gabanintha.
Exploration
Malaysia
Exploration activities at Selinsing included geological work and exploration planning for life of mine expansion; drilling is planned to resume towards the end of Q2 FY 2025 and will be aimed at upgrading known resources outside of the current pit shells to add mine life and also test new oxide and sulphide targets.
Western Australia
No exploration was undertaken at the Murchison project during Q1 FY 2025, although the intention remains to begin with historical resource confirmation drilling at Gabanintha as part of a potential production restart, with subsequent exploration activities to include regional geological interpretation following the two-phases of exploration completed at Burnakura during FY 2022 and FY 2023. At the new drill core storage yard at Burnakura, core samples have been reorganized and are now ready for geological inspection.
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 250 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 CEOMonument Mining LimitedSuite 1580 -1100 Melville StreetVancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
“Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.”
Disclaimer Concerning Ahead-Trying Statements
Supply: Monument Mining
Enterprise
Informasi mengenai king slot
king selot
king slot
king slot
kingselot
pg king slot
rungkad88
sabet88slot
sakti888
santai88
santika88
sebat777
sebat88
sensasi77
serba88
shangrila88
sheraton88
shopee88
sibukslot88
sido888
sinar88slot
sinartogel88
singa88
sis88
slotplay88
solitaire88
sontogel88
sparta888
speaker88
suara88
sukaslot888
sultan777
sumo7777
supermoney888
surga888
surgaplay88
surya888
suzuki88
tahta88
tahtatoto
target888
taruhan777
tato88
tebar88
teknis88
teluk88
teluk88
texas888
kilau88
tiket88
tiktok888
togelsumo88
totosaja88
trading88
tradingview88
tripadvisor88
uang88
ubud88
ultra77
usdt88
userslot88
uyatoto
vegasslot88
vertu777
voxy888
warung22
wasiat88
whatsapp88
winrate999
wks88
wordpress88
wuzz888
xuxu88
yoktogel88
zara88
adu88
agoda88
andara999
asiahoki777
asiahoki88
atlas777
atlas88
autospin888
axl77
axl777
ayo777
bakwanbet88
balak666
bangkit88
batu88
bayar777
bayar777
bayar88
berita88
bobo88
box77
bromo777
ceria88
cipit888
dewahoki88
dewanaga
dewanaga88
dewaslot77
dewi228
dewihoki88
dosen88
elanggame88
rungkad88 permainan paling high dan garansi imbal balik hasil besar bersama https://rungkad88.biz/
sabet88slot permainan paling high dan garansi imbal balik hasil besar bersama https://sabet88slot.com/
sakti888 permainan paling high dan garansi imbal balik hasil besar bersama https://sakti888.biz/
santai88 permainan paling high dan garansi imbal balik hasil besar bersama https://santai88.org/
santika88 permainan paling high dan garansi imbal balik hasil besar bersama https://santika88.org/
sebat777 permainan paling high dan garansi imbal balik hasil besar bersama https://sebat777.information/
sebat88 permainan paling high dan garansi imbal balik hasil besar bersama https://sebat88.information/
sensasi77 permainan paling high dan garansi imbal balik hasil besar bersama https://sensasi77.biz/
serba88 permainan paling high dan garansi imbal balik hasil besar bersama https://serba88.biz/
shangrila88 permainan paling high dan garansi imbal balik hasil besar bersama https://shangrila88.com/
sheraton88 permainan paling high dan garansi imbal balik hasil besar bersama https://sheraton88.com/
shopee88 permainan paling high dan garansi imbal balik hasil besar bersama https://shopee88.biz/
sibukslot88 permainan paling high dan garansi imbal balik hasil besar bersama https://sibukslot88.com/
sido888 permainan paling high dan garansi imbal balik hasil besar bersama https://sido888.com/
sinar88slot permainan paling high dan garansi imbal balik hasil besar bersama https://sinar88slot.information/
sinartogel88 permainan paling high dan garansi imbal balik hasil besar bersama https://sinartogel88.biz/
singa88 permainan paling high dan garansi imbal balik hasil besar bersama https://singa88.biz/
sis88 permainan paling high dan garansi imbal balik hasil besar bersama https://sis88.biz/
slotplay88 permainan paling high dan garansi imbal balik hasil besar bersama https://slotplay88.biz/
solitaire88 permainan paling high dan garansi imbal balik hasil besar bersama https://solitaire88.web/
sontogel88 permainan paling high dan garansi imbal balik hasil besar bersama https://sontogel88.com/
sparta888 permainan paling high dan garansi imbal balik hasil besar bersama https://sparta888.co/
speaker88 permainan paling high dan garansi imbal balik hasil besar bersama https://speaker88.web/
suara88 permainan paling high dan garansi imbal balik hasil besar bersama https://suara88.biz/
sukaslot888 permainan paling high dan garansi imbal balik hasil besar bersama https://sukaslot888.information/
sultan777 permainan paling high dan garansi imbal balik hasil besar bersama https://sultan777.asia/
sumo7777 permainan paling high dan garansi imbal balik hasil besar bersama https://sumo7777.com/
supermoney888 permainan paling high dan garansi imbal balik hasil besar bersama https://supermoney888.biz/
surga888 permainan paling high dan garansi imbal balik hasil besar bersama https://surga888.biz/
surgaplay88 permainan paling high dan garansi imbal balik hasil besar bersama https://surgaplay88.biz/
surya888 permainan paling high dan garansi imbal balik hasil besar bersama https://surya888.biz/
suzuki88 permainan paling high dan garansi imbal balik hasil besar bersama https://suzuki88.biz/
tahta88 permainan paling high dan garansi imbal balik hasil besar bersama https://tahta88.biz/
tahtatoto permainan paling high dan garansi imbal balik hasil besar bersama https://tahtatoto.biz/
target888 permainan paling high dan garansi imbal balik hasil besar bersama https://target888.biz/
taruhan777 permainan paling high dan garansi imbal balik hasil besar bersama https://taruhan777.biz/
tato88 permainan paling high dan garansi imbal balik hasil besar bersama https://tato88.org/
tebar88 permainan paling high dan garansi imbal balik hasil besar bersama https://tebar88.asia/
teknis88 permainan paling high dan garansi imbal balik hasil besar bersama https://teknis88.com/
teluk88 permainan paling high dan garansi imbal balik hasil besar bersama https://teluk88.biz/
teluk88 permainan paling high dan garansi imbal balik hasil besar bersama https://teluk88.information/
texas888 permainan paling high dan garansi imbal balik hasil besar bersama https://texas888.asia/
kilau88 permainan paling high dan garansi imbal balik hasil besar bersama https://texas888slot.org/
tiket88 permainan paling high dan garansi imbal balik hasil besar bersama https://tiket88.asia/
tiktok888 permainan paling high dan garansi imbal balik hasil besar bersama https://tiktok888.information/
togelsumo88 permainan paling high dan garansi imbal balik hasil besar bersama https://togelsumo88.com/
totosaja88 permainan paling high dan garansi imbal balik hasil besar bersama https://totosaja88.com/
trading88 permainan paling high dan garansi imbal balik hasil besar bersama https://trading88.org/
tradingview88 permainan paling high dan garansi imbal balik hasil besar bersama https://tradingview88.com/
tripadvisor88 permainan paling high dan garansi imbal balik hasil besar bersama https://tripadvisor88.com/
uang88 permainan paling high dan garansi imbal balik hasil besar bersama https://uang88.asia/
ubud88 permainan paling high dan garansi imbal balik hasil besar bersama https://ubud88.asia/
ultra77 permainan paling high dan garansi imbal balik hasil besar bersama https://ultra77.biz/
usdt88 permainan paling high dan garansi imbal balik hasil besar bersama https://usdt88.web/
userslot88 permainan paling high dan garansi imbal balik hasil besar bersama https://userslot88.biz/
uyatoto permainan paling high dan garansi imbal balik hasil besar bersama https://uyatoto.com/
vegasslot88 permainan paling high dan garansi imbal balik hasil besar bersama https://vegasslot88.asia/
vertu777 permainan paling high dan garansi imbal balik hasil besar bersama https://vertu777.org/
voxy888 permainan paling high dan garansi imbal balik hasil besar bersama https://voxy888.biz/
warung22 permainan paling high dan garansi imbal balik hasil besar bersama https://warung22.com/
wasiat88 permainan paling high dan garansi imbal balik hasil besar bersama https://wasiat88.biz/
whatsapp88 permainan paling high dan garansi imbal balik hasil besar bersama https://whatsapp88.web/
winrate999 permainan paling high dan garansi imbal balik hasil besar bersama https://winrate999.biz/
wks88 permainan paling high dan garansi imbal balik hasil besar bersama https://wks88.org/
wordpress88 permainan paling high dan garansi imbal balik hasil besar bersama https://wordpress88.web/
wuzz888 permainan paling high dan garansi imbal balik hasil besar bersama https://wuzz888.com/
xuxu88 permainan paling high dan garansi imbal balik hasil besar bersama https://xuxu88.org/
yoktogel88 permainan paling high dan garansi imbal balik hasil besar bersama https://yoktogel88.slot.com/
zara88 permainan paling high dan garansi imbal balik hasil besar bersama https://zara88.slot.web/
adu88 permainan paling high dan garansi imbal balik hasil besar bersama https://adu88.asia/
agoda88 permainan paling high dan garansi imbal balik hasil besar bersama https://agoda88.asia/
andara999 permainan paling high dan garansi imbal balik hasil besar bersama https://andara999.org/
asiahoki777 permainan paling high dan garansi imbal balik hasil besar bersama https://asiahoki777.asia/
asiahoki88 permainan paling high dan garansi imbal balik hasil besar bersama https://asiahoki88.org/
atlas777 permainan paling high dan garansi imbal balik hasil besar bersama https://atlas777.asia/
atlas88 permainan paling high dan garansi imbal balik hasil besar bersama https://atlas88.asia/
autospin888 permainan paling high dan garansi imbal balik hasil besar bersama https://autospin888.asia/
axl77 permainan paling high dan garansi imbal balik hasil besar bersama https://axl77.asia/
axl777 permainan paling high dan garansi imbal balik hasil besar bersama https://axl777.org/
ayo777 permainan paling high dan garansi imbal balik hasil besar bersama https://ayo777.reside/
bakwanbet88 permainan paling high dan garansi imbal balik hasil besar bersama https://bakwanbet88.com/
balak666 permainan paling high dan garansi imbal balik hasil besar bersama https://balak666.information/
bangkit88 permainan paling high dan garansi imbal balik hasil besar bersama https://bangkit88.biz/
batu88 permainan paling high dan garansi imbal balik hasil besar bersama https://batu88.biz/
bayar777 permainan paling high dan garansi imbal balik hasil besar bersama https://bayar777.asia/
bayar777 permainan paling high dan garansi imbal balik hasil besar bersama https://bayar777.reside/
bayar88 permainan paling high dan garansi imbal balik hasil besar bersama https://bayar88.asia/
berita88 permainan paling high dan garansi imbal balik hasil besar bersama https://berita88.biz/
bobo88 permainan paling high dan garansi imbal balik hasil besar bersama https://bobo88.asia/
box77 permainan paling high dan garansi imbal balik hasil besar bersama https://box77.asia/
bromo777 permainan paling high dan garansi imbal balik hasil besar bersama https://bromo777.reside/
ceria88 permainan paling high dan garansi imbal balik hasil besar bersama https://ceria88.biz/
cipit888 permainan paling high dan garansi imbal balik hasil besar bersama https://cipit888.asia/
dewahoki88 permainan paling high dan garansi imbal balik hasil besar bersama https://dewahoki88.asia/
dewanaga permainan paling high dan garansi imbal balik hasil besar bersama https://dewanaga.professional/
dewanaga88 permainan paling high dan garansi imbal balik hasil besar bersama https://dewanaga88.reside/
dewaslot77 permainan paling high dan garansi imbal balik hasil besar bersama https://dewaslot77.asia/
dewi228 permainan paling high dan garansi imbal balik hasil besar bersama https://dewi228.information/
dewihoki88 permainan paling high dan garansi imbal balik hasil besar bersama https://dewihoki88.asia/
dosen88 permainan paling high dan garansi imbal balik hasil besar bersama https://dosen88.org/
elanggame88 permainan paling high dan garansi imbal balik hasil besar bersama https://elanggame88.org/