Selinsing (state constituency)

Monument Reports First Quarter Fiscal 2023 (“Q1 FY2023”) Results

Retrieved on: 
Wednesday, November 30, 2022

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.

Monument Reports Fourth Quarter and Fiscal 2022 Results

Retrieved on: 
Saturday, September 24, 2022

The increase is due to the impact of COVID-19 related closures in Q4 FY2021 and the operation resuming in FY2022.

Key Points: 
  • The increase is due to the impact of COVID-19 related closures in Q4 FY2021 and the operation resuming in FY2022.
  • 2022 mining activities delivered 355,519 tonnes of ore from Selinsing (198,689 tonnes), Buffalo Reef (4,205 tonnes), and Peranggih (152,625 tonnes).
  • During fiscal 2022, the Company continued to place grade control drilling at Peranggih, intended to locate mineable material to provide additional Selinsing mill feed.
  • In fiscal 2022, as part of a two-year exploration program to test the potential for additional gold discovery, the Company completed Phase 1 and Phase 2 drilling programs.

Monument Reports Third Quarter Fiscal 2022 (“Q3 FY2022”) Results

Retrieved on: 
Monday, May 30, 2022

Monument realized US$1,911/oz for the three months ended March 31, 2022 which excludes gold prepaid delivered of 241oz for comparison purposes.

Key Points: 
  • Monument realized US$1,911/oz for the three months ended March 31, 2022 which excludes gold prepaid delivered of 241oz for comparison purposes.
  • The reagent and conditioner agitators arrived in Klang in April 2022, after fiscal Q3, and the majority have been installed.
  • No mine development was planned during the third quarter of fiscal year 2022, with the focus on exploration at Murchison.
  • The Phase 2 RC drill program was concluded in February 2022 while the remaining DD drilling was completed in April 2022, after the quarter end.

Monument Reports Second Quarter Fiscal 2022 (“Q2 FY2022”) Results

Retrieved on: 
Tuesday, March 1, 2022

(2) Monument realized US$1,828/oz for the three months ended December 31, 2021 which excludes gold prepaid delivered of 723oz for comparison purposes.

Key Points: 
  • (2) Monument realized US$1,828/oz for the three months ended December 31, 2021 which excludes gold prepaid delivered of 723oz for comparison purposes.
  • The slight increase in processing recovery rate was mainly due to significant increase in Peranggih oxide materials being processed.
  • The flotation plant is expected to be completed by June 2022 with an estimated cost of up to $20 million.
  • No mine development was planned during the second quarter of fiscal year 2022, with the focus on exploration at Murchison.