Monument Reports Fourth Quarter Gold Production of 12,919 Ounces

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[{"type":"text","content":"\n\n\nVANCOUVER, July 23, 2013 /CNW/ - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (\"Monument\" or the \"Company\") today announced its fourth quarter\n operating results for the three months ended June 30, 2013. Full\n financial and operating results for the quarter will be released by the\n end of September 2013. All amounts are in United States dollars unless\n otherwise indicated.\n\n\nFourth Quarter 2013 Operating Results\n\n \n \n \n\n \n\n\nThree months ended June 30\n\n\nTwelve months ended June 30\n\n\n \n\n\n2013\n\n\n2012\n\n\n2013\n\n\n2012\n\n\nOre mined (tonnes)\n\n\n314,481\n\n\n108,420\n\n\n882,159\n\n\n501,881\n\n\nOre stockpiled (tonnes)\n\n\n947,794\n\n\n920,633\n\n\n947,794\n\n\n920,633\n\n\nOre processed (tonnes)\n\n\n268,045\n\n\n110,708\n\n\n938,498\n\n\n364,680\n\n\nAverage mill feed grade (g/t)\n\n\n1.83\n\n\n3.87\n\n\n2.07\n\n\n4.24\n\n\nMill utilization (%)\n\n\n95.5\n\n\n92.0\n\n\n95.9\n\n\n95.0\n\n\nProcessing recovery rate (%)\n\n\n85.6\n\n\n91.1\n\n\n87.0\n\n\n93.7\n\n\nCalculated gold content (oz)\n\n\n13,485\n\n\n12,553\n\n\n54,368\n\n\n46,491\n\n\nGold poured (recovered) (oz)\n\n\n13,760\n\n\n9,872\n\n\n54,439\n\n\n44,542\n\n\nGold production(1) (oz)\n\n\n12,919\n\n\n10,327\n\n\n52,982\n\n\n44,585\n\n\nGold sold (oz)\n\n\n21,500\n\n\n8,500\n\n\n57,905\n\n\n36,938\n\n\nRevenue (US$ 000's)\n\n\n30,507\n\n\n13,801\n\n\n91,277\n\n\n61,709\n\n\nAverage realized gold price US$/ounce sold\n\n\n1,419\n\n\n1,624\n\n\n1,576\n\n\n1,671\n\n\n(1) Defined as good delivery gold bullion according to London Bullion Market\n Association (\"LBMA\"). The variance between gold produced and gold\n poured (gold doŕe) is mainly due to timing of refinery.\n\n\nGold production for the quarter was 12,919 ounces of gold, an increase\n of 25% compared to 10,327 ounces of gold production for the same period\n of fiscal 2012. Gold production for fiscal 2013 was 52,982 ounces of\n gold, an increase of 19% compared to 44,585 ounces of gold produced\n during fiscal 2012. These increases are a result of increased gold\n poured during the quarter, net of gold doŕe in transit and refinery\n adjustment.\n\n\nDuring the quarter Monument sold 21,500 ounces of gold at an average\n realized price of $1,419 per ounce (Q4 F2012 - $1,624/oz). Of which\n 7,228 ounces of gold sold was resulted f...

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