Business
Monument Reports Third Quarter Gold Production of 13,255 Ounces
Gross Revenue of $20.3 million from Sale of 12,500 Ounces of Gold VANCOUVER, May 1, 201...
About this update from Monument Mining Limited
[{"type":"text","content":"\n\n\n\n\n\nGross Revenue of $20.3 million from Sale of 12,500 Ounces of Gold\n\n\nVANCOUVER, May 1, 2013 /CNW/ - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (\"Monument\" or the \"Company\") today announced its third quarter\n operating results for the three months ended March 31, 2013. Full\n financial and operating results for the quarter will be released by the\n end of May 2013. All amounts are in United States dollars unless\n otherwise indicated.\n\n\n\n\n\n\n\nThird Quarter 2013 Operating Results\n\n\n\n\n \n\n\nThree months ended March 31\n\n\nNine months ended March 31\n\n\n\n\n \n\n\n2013\n\n\n2012\n\n\n2013\n\n\n2012\n\n\n\n\nOre mined (tonnes)\n\n\n281,827\n\n\n140,168\n\n\n567,678\n\n\n393,461\n\n\n\n\nOre stockpiled (tonnes)\n\n\n858,998\n\n\n915,347\n\n\n858,998\n\n\n915,347\n\n\n\n\nOre processed (tonnes)\n\n\n236,184\n\n\n83,447\n\n\n670,453\n\n\n253,972\n\n\n\n\nAverage mill feed grade (g/t)\n\n\n1.72\n\n\n3.37\n\n\n2.17\n\n\n4.40\n\n\n\n\nMill utilization\n\n\n96.9%\n\n\n94.8%\n\n\n96.0%\n\n\n96.0%\n\n\n\n\nProcessing recovery rate\n\n\n87.0%\n\n\n93.3%\n\n\n87.4%\n\n\n94.7%\n\n\n\n\nCalculated gold recovery (oz)\n\n\n11,354\n\n\n8,435\n\n\n40,883\n\n\n33,938\n\n\n\n\nGold poured (recovered) (oz)\n\n\n12,162\n\n\n9,406\n\n\n40,679\n\n\n34,671\n\n\n\n\nGold production(1) (oz)\n\n\n13,255\n\n\n10,676\n\n\n40,063\n\n\n34,258\n\n\n\n\nGold sold (oz)\n\n\n12,500\n\n\n7,301\n\n\n36,405\n\n\n28,438\n\n\n\n\nRevenue (000's)\n\n\n$20,325\n\n\n$12,394\n\n\n$60,770\n\n\n$47,908\n\n\n\n\nAverage realized gold price/ounce sold\n\n\n$1,626\n\n\n$1,698\n\n\n$1,669\n\n\n$1,685\n\n\n\n\n(1) Defined as good delivery gold bullion according to London Bullion Market\n Association (\"LBMA\"), net of gold doŕe in transit and refinery\n adjustment\n\n\nDuring the quarter Monument sold 12,500 ounces of gold (an increase of\n 71% compared to Q3 F2012 sales of 7,301 ounces) at an average realized\n price of $1,626 per ounce (a decrease of $72 per ounce or 4% compared\n to $1,698 per ounce realized in the third quarter of the 2012 fiscal\n year).\n\n\nOre mined for the three months ending March 31, 2013 was 281,827 tonnes\n which is a 101% increase compared to the same fiscal period in 2012.\n Ore processed was 236,184 tonnes which is a 183% increase compared to\n the same fiscal period in 2012. These large incre...