Monument Mining Limited announced its fiscal year 2025 financial results, reporting an increase in net earnings to $37.54 million, or $0.11 per share, and gross revenue of $98.64 million from gold production. The company’s cash flow rose to $48.65 million, with $45.94 million in cash on hand and working capital of $58.54 million. Development efforts at the Murchison Gold Project in Western Australia are progressing for potential cash flow. Production highlights include 38,530 ounces of gold produced during the year, with improvements in cash costs and all-in sustaining costs.
In the fourth quarter of fiscal year 2025, Monument Mining achieved record gold production of 12,315 ounces with revenue of $39.63 million from gold concentrate sales. Cash cost per ounce for gold concentrate sold was $701, with an all-in sustaining cost of $853 per ounce. Financial results for the year showed revenue from gold production at $98.64 million, gross margin at $65.11 million, and $45.94 million in cash and cash equivalents. Investments were made in Selinsing and Murchison projects for development.
Development at Selinsing Gold Mine included improvements to the flotation plant, filter press installation, and concentrate shed expansion. Research and development work focused on optimizing plant performance, with geotechnical investigations and construction at the tailings storage facility. Progress at the Murchison Gold Project in Western Australia included an economic assessment for potential production decisions and engagement with mining consultants for operational restart plans. Exploration activities were conducted in Malaysia and Western Australia to identify resource extensions and drilling targets.
Monument Mining Limited, a Canadian gold producer, owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in Western Australia. The company is committed to environmental management, social responsibility, health and safety, and good corporate governance. Forward-looking statements regarding the Company’s projects and operations are subject to various risks and uncertainties, with factors affecting results and achievements outlined in the management discussion and analysis reports.
Read more at GlobeNewswire: Monument Reports Fourth Quarter and Fiscal 2025 Results