From GlobeNewswire: 2025-05-30 12:25:00

Monument Mining Limited announced its financial results for Q3 FY 2025, with $29.54 million cash on hand, $38.93 working capital, and a net profit of $4.86 million. The company produced a record 9,543 ounces of gold during the quarter, with a gross margin of $12.51 million. All amounts are in USD.

In YTD FY 2025, Monument Mining Limited mined 532,531 tonnes of ore with a head grade of 1.78 g/t and a recovery rate of 83.49%. Revenue for the year was $59.02 million from the sale of 26,656 ounces of gold at an average realized price of $2,718/oz. Cash cost per ounce was $876.

The company’s Selinsing Gold Mine saw improvements in the sulphide flotation plant’s performance, with 9,543 ounces of gold produced in Q3 FY 2025. Mining focused on Buffalo Reef and Felda Block 7, with ore mined reduced by 8% due to production cost efficiency. Plant availability increased ore processed by 15%.

Monument Mining Limited’s ongoing plant optimization at Selinsing Gold Mine included the commissioning of a new filter press, new compressor, and new concentrate surge tank. Exploration efforts continue to expand mineral resources at Selinsing, with infill drilling to improve estimates and a new drilling program to increase the mine life.

In Q3 FY 2025, Monument Mining Limited signed collaboration agreements with Odyssey Gold Limited and Great Boulder Resources to process ore from their projects at the Burnakura Mill. The company continues to engage with local Aboriginal groups for support in production intentions at the Murchison Gold Project in Western Australia.



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