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Monument Mining: Monument Reports Third Quarter Fiscal 2021 (Q3 2021) Results

Gross Revenue of $4.40 Million and Cash Cost of US1,315/OzVANCOUVER, British Columbia, May 31, 2021for full financial results). President and CEO Cathy Zhai commented: "Q3 sets a milestone with Monument ....

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Investegate |Monument Mining Announcements | Monument Mining: Monument Reports Third Quarter Fiscal 2021 ("Q3 2021") Results

Q3 2021 gold sales generated revenue was $4.40 million as compared to $11.62 million from Q3 2020. Gold sales revenue was derived from the sale of 2,523oz (Q3 2020: 7,323oz) of gold at an average realized gold price of $1,830 per ounce (Q3 2020: $1,604 per ounce) and the delivery of 723 oz (Q3 2020: 723oz) in fulfilling gold prepaid obligations at an average London Fix PM gold price of $1,525 per ounce (Q3 2020: $1,429 per ounce).
Q3 2021 total production costs decreased by 49% to $3.32 million as compared to $6.54 million from Q3 2020. Cash cost per ounce increased by 47% to $1,315/oz as compared to $892/oz of the same period last year. The increase was attributable to a 52% decrease in the mill feed grade from 1.49g/t to 0.72g/t and a decrease in recovery to 57.5% (Q3 2020: 76.2%) as a result of processing significantly more leachable sulphide ore and other low recovery ores. ....

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Investegate |Monument Mining Announcements | Monument Mining: Monument Commences Flotation Plant Work at Selinsing

Monument Commences Flotation Plant Work at Selinsing
VANCOUVER, British Columbia, April 27, 2021 (GLOBE NEWSWIRE) Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ( Monument or the Company ) is pleased to announce commencement of the phase 1 Selinsing Sulphide Gold Project by adding a flotation plant to the existing processing plant, which will produce marketable gold concentrates from the sulphide ore at Selinsing Gold Mine in Pahang State, Malaysia.
CEO and President Cathy Zhai commented: “Monument has completed the restructuring of its mineral asset portfolio by spinning out the Mengapur base metals project. This enables us to focus on development and funding of the gold portfolio.” She added: “We plan to spend up to USD$20 million first to build a flotation plant for saleable gold concentrate, the proceeds from it can be used to add the planned bioleaching plant to produce gold bullion should an economic case be demonstrated by then.” ....

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Monument Mining: Monument Commences Flotation Plant Work at Selinsing

Monument Mining: Monument Commences Flotation Plant Work at Selinsing
VANCOUVER, British Columbia, April 27, 2021 (GLOBE NEWSWIRE) Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ( Monument or the Company ) is pleased to announce commencement of the phase 1 Selinsing Sulphide Gold Project by adding a flotation plant to the existing processing plant, which will produce marketable gold concentrates from the sulphide ore at Selinsing Gold Mine in Pahang State, Malaysia.
CEO and President Cathy Zhai commented: Monument has completed the restructuring of its mineral asset portfolio by spinning out the Mengapur base metals project. This enables us to focus on development and funding of the gold portfolio. She added: We plan to spend up to USD$20 million first to build a flotation plant for saleable gold concentrate, the proceeds from it can be used to add the planned bioleaching plant to produce gold bullion should an economic case be demonstrated by then. ....

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