Monument Reports First Quarter Fiscal 2023 (“Q1 FY2023”) Results
Retrieved on:
Wednesday, November 30, 2022
Carbon, Growth, Observation, Royalty, London Bullion Market Association, Engineering, Resource management, Acquisition, Retirement, FSE, Department for Environment, Food and Rural Affairs, Maintenance, Mineral, Public expenditure, Gold, SEDAR, Pit, News, Sale, Mining, Tuckanarra, Western Australia, RC, Health, QAQC, Social responsibility, Fortification, Gabanintha, Western Australia, NOA, Safety, Life insurance, Printed circuit board, Copper, Oil, Selinsing (state constituency), Monument, C2
Q1 FY2023 gold production was 2,066oz, a 98% increase as compared to 1,043oz for Q1 FY2022.
Key Points:
- Q1 FY2023 gold production was 2,066oz, a 98% increase as compared to 1,043oz for Q1 FY2022.
- The decreased mill feed was mainly due to less oxide ore and old tailings being fed into plant.
- During the first quarter of FY2023, the Company has begun earning royalties from Fortress Minerals Limited (Fortress) on the Mengapur Project.
- Fiscal 2023 started with a focus on updating Gabanintha historical data to improve identifying drill targets.