Business
Monument's 2011 First Quarter Results
Monument's 2011 First Quarter Results
About this update from Monument Mining Limited
[{"type":"text","content":"\n\n\n\n Nov. 29, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nGross Revenue of $10 M from 8,860 Oz Gold Sales at Cash Cost $202/Oz \n\n\nTSX-V: MMY \nFSE: D7QI\n\n\nVANCOUVER, Nov. 29 /CNW/ - Monument Mining Limited (TSX-V: MMY and FSE:\n D7Q1) "Monument" or the "Company" today announces its first quarter\n financial results for the period ended September 30, 2010. All amounts\n are in United States dollars unless otherwise indicated (refer to www.sedar.com for Q1 results).\n\n\nFirst Quarter Highlights include:\n\n\n\nGross Revenue of $10.9 million generated from gold sales of 8,650 ounces\n at an average price of $1,265 per ounce;\n\n\nGold production of 9,050 ounces produced at average cash cost of $202 per ounce; of which 4,183 was attributed to September 2010 when commercial\n production was achieved;\n\n\nA positive net working capital of $25.7 million resulted from gold sales\n and the close of the $12.6 million financing (CAD13 million);\n\n\nExtended land position of 32,000 acres from Famehub acquisition; and\n\n\n$3.3 million drilling programs initiated across the Company's Malaysian\n properties targeting progressive increase in gold resources.\n\n\n\nThe Company's Chief Financial Officer, Ms. Cathy Zhai stated: "We are\n proud of our first quarter commercial production that has produced\n significant income and a strong positive cash flow. Production also\n shows very low costs compared to industry. At current gold prices, we\n believe t...