Aravali Retreat, Gurgaon

Monument Reports Third Quarter Fiscal 2023 (“Q3 FY2023”) Results

Retrieved on: 
Wednesday, May 31, 2023
CIL, Maintenance, Sale, Public expenditure, Retirement, Gold, Acquisition, Gabanintha, Western Australia, Aravali Retreat, Gurgaon, Mining, London Bullion Market Association, Project, Total, Murchison, Palladium, Cryptocurrency, Rare-earth element

(2)  Monument average realized gold price is US$1,878/oz for the three months ended March 31, 2023.

Key Points: 
  • (2)  Monument average realized gold price is US$1,878/oz for the three months ended March 31, 2023.
  • Cash cost excludes amortization, depletion, accretion expenses, idle production costs, capital costs, exploration costs and corporate administration costs.
  • Furthermore, production is expected to improve into Q4 FY2023, following the mining of higher-grade gold zones at the end of the current quarter.
  • The ramp up to full production commenced in January 2023, and is expected to be completed in June 2023.