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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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Monument Announces Closing of Transaction to Sell the Mengapur Project in Malaysia

Monument Announces Closing of Transaction to Sell the Mengapur Project in Malaysia
April 08, 2021 15:06 ET
| Source:
Monument Mining
Monument Mining
Vancouver, British Columbia, CANADA
Monument” or the “
Company”) is pleased to announce the closing of the Transaction with Fortress Minerals Limited (“
Fortress”) to sell Fortress a 100% interest in its Malaysian subsidiary, Monument Mengapur Sdn Bhd, which owns a 100% interest in the Mengapur Copper and Iron Project (the “
Mengapur
Project”).
The Mengapur Project is located in Pahang State, approximately 75km northwest from Kuantan. The sale of the Mengapur Project is part of Monument’s corporate restructuring to focus on the development of their gold projects in Malaysia and Western Australia. ....

Malaysia General , Western Australia , United Kingdom , British Columbia , Cathy Zhai , Richard Cushing , Mengapur Sdn Bhd , Monument Mining Limited , Monument Mining , Fortress Minerals Limited , Mining Limited , Monument Mengapur Sdn Bhd , Mengapur Copper , Iron Project , Mengapur Project , Pahang State , Purchase Agreement Monument , Selinsing Gold Mine , Murchison Gold Projects , மலேசியா ஜநரல் , மேற்கு ஆஸ்திரேலியா , ஒன்றுபட்டது கிஂக்டம் , பிரிட்டிஷ் கொலம்பியா , ரிச்சர்ட் குஷிங் , நினைவுச்சின்னம் சுரங்க வரையறுக்கப்பட்டவை , நினைவுச்சின்னம் சுரங்க ,

Investegate |Monument Mining Announcements | Monument Mining: Monument Announces Closing of Transaction to Sell the Mengapur Project in Malaysia

Monument Announces Closing of Transaction to Sell the Mengapur Project in Malaysia
VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“
Monument” or the “
Company”) is pleased to announce the closing of the Transaction with Fortress Minerals Limited (“
Fortress”) to sell Fortress a 100% interest in its Malaysian subsidiary, Monument Mengapur Sdn Bhd, which owns a 100% interest in the Mengapur Copper and Iron Project (the “
Mengapur
Project”).
The Mengapur Project is located in Pahang State, approximately 75km northwest from Kuantan. The sale of the Mengapur Project is part of Monument’s corporate restructuring to focus on the development of their gold projects in Malaysia and Western Australia. ....

Malaysia General , Western Australia , United Kingdom , British Columbia , Cathy Zhai , Richard Cushing , Mengapur Sdn Bhd , Monument Mining Limited , Monument Mining , Regulation Services Provider , Fortress Minerals Limited , Venture Exchange , Monument Announces Closing , Mengapur Project , Mining Limited , Monument Mengapur Sdn Bhd , Mengapur Copper , Iron Project , Pahang State , Purchase Agreement Monument , Selinsing Gold Mine , Murchison Gold Projects , மலேசியா ஜநரல் , மேற்கு ஆஸ்திரேலியா , ஒன்றுபட்டது கிஂக்டம் , பிரிட்டிஷ் கொலம்பியா ,

Monument Mining: Monument Announces Closing of Transaction to Sell the Mengapur Project in Malaysia

Monument Mining: Monument Announces Closing of Transaction to Sell the Mengapur Project in Malaysia
Monument or the
Company ) is pleased to announce the closing of the Transaction with Fortress Minerals Limited (
Fortress ) to sell Fortress a 100% interest in its Malaysian subsidiary, Monument Mengapur Sdn Bhd, which owns a 100% interest in the Mengapur Copper and Iron Project (the
Mengapur
Project ).
The Mengapur Project is located in Pahang State, approximately 75km northwest from Kuantan. The sale of the Mengapur Project is part of Monument s corporate restructuring to focus on the development of their gold projects in Malaysia and Western Australia.
Monument has received US$30 million cash consideration in full. Under the terms of the Sale and Purchase Agreement Monument is entitled to a royalty of 1.25% of gross revenue on all products produced at the Mengapur Project. ....

Malaysia General , Western Australia , United Kingdom , British Columbia , Cathy Zhai , Richard Cushing , Mengapur Sdn Bhd , Monument Mining Limited , Monument Mining , Regulation Services Provider , Fortress Minerals Limited , Venture Exchange , Mining Limited , Monument Mengapur Sdn Bhd , Mengapur Copper , Iron Project , Mengapur Project , Pahang State , Purchase Agreement Monument , Selinsing Gold Mine , Murchison Gold Projects , மலேசியா ஜநரல் , மேற்கு ஆஸ்திரேலியா , ஒன்றுபட்டது கிஂக்டம் , பிரிட்டிஷ் கொலம்பியா , ரிச்சர்ட் குஷிங் ,