From GlobeNewswire: 2025-02-27 19:33:00

Monument Mining Limited reported financial results for Q2 FY 2025, showing $23.08 million cash on hand, a $5.20 million increase from the previous quarter. Net profit was $8.84 million, with 8,613 ounces of gold produced and sold at an average price of $2,678/oz, resulting in gross revenue of $19.80 million.

For YTD FY 2025, the company reported total material mined of 4,689,798 tonnes, with 315,228 tonnes of ore processed. The stripping ratio increased to 13.88, with production costs totaling $4.43 million and processing costs at $5.46 million. Gross margin from mining operations was $23.15 million.

Mining activities at Buffalo Reef and Felda Block 7 continued during Q2 FY 2025, with the company focusing on high-grade ore. The mill processed 169,636 tonnes of sulphide ore, with improvements leading to an average recovery rate of 86.09%. Mining activities were impacted by a power supply failure and heavy rainfall.

Monument Mining Limited operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in Western Australia. The company employs approximately 250 people and is committed to environmental management, social responsibility, and health and safety. Financial results for Q2 FY 2025 showed revenue of $19.80 million from gold sales.



Read more at GlobeNewswire:: Monument Reports Second Quarter Fiscal 2025 Results