Business
Monument Reports First Quarter Fiscal 2026 Results
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MM...
About this update from Monument Mining Limited
[{"type":"text","content":"Monument Reports First Quarter Fiscal 2026 ResultsGross Revenue of US$32.4 Million and Cash Cost of US$888/Oz\n\n\n\n VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its financial results for the three months ended September 30, 2025 (“Q1 FY 2026”). All amounts are in United States dollars unless otherwise indicated (refer to\n \n www.sedar.com\n \n for full financial results).\n \n\n President and CEO Cathy Zhai commented, “In Q1 FY2026, gold production continued its steady upward trend over the past eight months at the Selinsing Gold Mine in Malaysia, supporting healthy cash flow and a solid financial position. Revenue and earnings may vary quarter to quarter depending on production levels, operating costs, gold prices, and the timing of gold sales.\n \n\n “During the first quarter, cash reserves increased by $16.9 million to $62.84 million from $45.94 million, providing strong liquidity to sustain and grow mining output, cash flow generation, and overall Company value. Exploration drilling is currently underway at Selinsing, targeting potential mine expansion areas that may increase Mineral Resources. In addition, an internal economic assessment was conducted for the Murchison Gold Project in Western Australia to evaluate potential gold production opportunities.”\n \n\n\n FIRST QUARTER OF FISCAL YEAR 2026 HIGHLIGHTS:\n \n\n\n\n Net income of $10.50 million, or $0.03 per share for Q1 FY 2026, compared to net income of $3.00 million, or $0.01/share for Q1 FY 2025;\n \n\n Gross margin of $22.43 million for Q1 FY 2026, a 93% increase compared to $11.61 million in Q1 FY 2025;\n \n\n $62.84 million cash on hand at the end of Q1 FY 2026, a $16.90 million increase from $45.94 million during the three-month period;\n \n\n $69.55 million working capital, $11.01 million increase from $58.54 million at the end of June 30, 2025;\n \n\n Production performance:\n \n\n 13,092 ounces of gold produced during the three months period (Q1 FY 2025: 8,059 ounces);\n \n\n 11,227 ounces of gold sold at a record average realized price of $3,498/oz for gross revenue of $32.40 million (Q1 FY 2025: 9,270 ounces sold at an average realized price of $2,535/oz for gross revenue of $19.37...