Business
Monument's Fiscal 2013 Results
Gross Revenue of $91.3 M with Cash Cost of $400 /Oz and EPS of $0.14 VANCOUVER ...
About this update from Monument Mining Limited
[{"type":"text","content":"\n\n\nGross Revenue of $91.3 M with Cash Cost of $400/Oz and EPS of $0.14\n\n\nVANCOUVER, Oct. 1, 2013 /CNW/ - Monument Mining Limited (TSX-V: MMY and\n FSE: D7Q1) \"Monument\" or the \"Company\" today announced its annual\n financial results for the year ended June 30, 2013. All amounts are in\n thousands of United States dollars unless otherwise indicated (refer to\n www.sedar.com for full annual financial results).\n\n\nFiscal 2013 Highlights:\n\n\nRecord gold production of 52,982 oz (19% increase) produced at an\n average cash cost of $400/oz;\n\n\nGross revenue increased by 48% to $91.28 million(3), generated from gold sales of 57,905 ounces (\"oz\");\n\n\nNet income attributable to shareholders of $32.84 million or $0.14\n earnings per share (\"EPS\");\n\n\nEliminated debt by retiring outstanding convertible notes;\n\n\nAcquired rights to 3,920 acres of FELDA exploration property adjacent to\n existing resources at Selinsing and Buffalo Reef;\n\n\nAcquired the outstanding 30% of Mengapur Polymetallic Project\n (\"Mengapur\") resulting in 100% ownership; and\n\n\nDrilled 374 holes (36,917 metres) on Selinsing area properties and 147\n holes (33,458 metres) at Mengapur.\n\n\n\n\n\nFourth Quarter and Fiscal 2013 Production and Financial Highlights\n\n\n \n\n\nThree months ended June 30\n\n\nYear ended June 30\n\n\n \n\n\n2013\n\n\n2012\n\n\n2013\n\n\n2012\n\n\nProduction\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nGold production(1) (ounces)\n\n\n12,919\n\n\n10,327\n\n\n52,982\n\n\n44,585\n\n\nGold sold(3) (ounces)\n\n\n21,500\n\n\n8,500\n\n\n57,905\n\n\n36,938\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nFinancial\n\n\n$'000\n\n\n$'000\n\n\n$'000\n\n\n$'000\n\n\nRevenue\n\n\n30,507\n\n\n13,801\n\n\n91,276\n\n\n61,709\n\n\nNet income before other items attributable to shareholders\n\n\n14,937\n\n\n7,394\n\n\n48,385\n\n\n40,530\n\n\nNet income attributable to shareholders\n\n\n15,060\n\n\n13,560\n\n\n32,838\n\n\n59,561\n\n\nCash flow from operations\n\n\n27,369\n\n\n7,710\n\n\n54,754\n\n\n43,268\n\n\nWorking capital excluding derivative liabilities\n\n\n62,366\n\n\n31,131\n\n\n62,366\n\n\n31,131\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nEPS before other items - basic\n\n\n$0.05\n\n\n$0.04\n\n\n$0.21\n\n\n$0.22\n\n\nEPS - basic\n\n\n$0.05\n\n\n$0.08\n\n\n$0.14\n\n\n$...