Business
Monument Files AGM Materials Outlining Fiscal 2013 Performance and Strategic Priorities for Future Growth
VANCOUVER , Jan. 10, 2014 /CNW/ - Monument Mining Limited (TSXV: MMY) (FSE: D7Q1) ("Monum...
About this update from Monument Mining Limited
[{"type":"text","content":"\n\nVANCOUVER, Jan. 10, 2014 /CNW/ - Monument Mining Limited (TSXV: MMY) (FSE: D7Q1) (\"Monument\" or the \"Company\") today announced that it has filed materials for its upcoming Annual General Meeting in which the Company outlines its progress and performance over the past year, and its priorities for future growth.\n\nMonument's objective and underlining implementation strategies are expressed in its Fiscal 2013 Annual Report as to increase shareholder value by building up a mineral property pipeline through acquisitions, exploration, development and production while mitigating associated business risk. By accomplishing this objective the Company plans to ultimately become a sustainable dividend paying, mid-tier gold and base metals producer.\n\nRobert F. Baldock, Monument's President and CEO, summarized the Company's priorities, achievements over the past year and its outlook going forward: \n\n\"Fiscal 2013 was both fruitful and challenging. We were able to increase gold production at Selinsing, and our team continues to demonstrate its ability to operate the gold production efficiently and at a low cash cost. We also made considerable progress at Mengapur in exploration and development, and anticipate the completion of a Preliminary Economic Assessment for the entire Mengapur Project in fiscal 2014.  Further, we concluded a plan to move towards the production of magnetite from fresh rock that underlies the free digging soils – we believe this is a significant new market opportunity for the Company and expect a quick cash flow. Looking ahead, while market volatility remains present, these challenges also produce opportunities.  We initiated property investigations targeting both low cost advanced projects and highly prospective properties in districts with rich historical production to enhance our mineral property pipelines, including the announced Murchison Project in Western Australia. We expect to close the Murchison acquisition shortly and to move quickly towards placing it into production as planned. Our experienced Board and management team have the proven ability to deliver on our corporate objectives and with determination we will persistently pursue continued prudent, disciplined growth.\" \n\nFiscal 2013 Highlights \n\nIn fiscal 2013 Monument made solid progress on its strategy. Highlights include...