Monument Reports Second Quarter Fiscal 2026 Results
Original announcement by tmx on
- Company
- Monument Mining Limited
- Ticker
- MMY
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Production, Metallurgy
- Extracted
- 2026-09-16 10:55:14 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Monument Mining Limited reported strong Q2 FY2026 results, with gold production of 10,249 ounces and sales of 13,725 ounces at a record average realized price of $4,197/oz, contributing to $49.23 million in revenue. The Selinsing Gold Mine achieved an improved processing recovery rate of 92.49%, leading to a significant increase in net income and cash reserves, despite a higher cash cost per ounce sold. Exploration drilling continued at Selinsing for resource expansion.
Reasoning: Monument Mining Limited reported strong financial and operational performance for Q2 FY2026, driven by increased gold production and sales, an improved recovery rate, and favorable gold prices, leading to higher net income and cash reserves. However, cash costs and all-in sustaining costs per ounce increased, and the average mill feed grade was lower.
Positive factors
- Increased gold production and sales volumes
- Strong revenue and gross margin from mining operations
- Significantly increased cash reserves and working capital
- Improved processing recovery rate
- Ongoing exploration drilling for resource growth and mine life extension
Negative factors
- Higher cash cost per ounce sold
- Lower average mill feed grade compared to prior period
- All-in sustaining costs increased compared to the prior period, despite the document's erroneous claim of a decrease
Facts used in scoring: 10
Classification and evidence
Increased Productionpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Gold production increased to 10,249 ounces in Q2 FY2026 from 8,613 ounces in Q2 FY2025.
Evidence · text
“10,249 ounces of gold produced during the three months period (Q2 FY 2025: 8,613 ounces)”
Improved Recoverypositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The processing recovery rate improved to 92.49% in Q2 FY2026 from 86.09% in Q2 FY2025.
Evidence · text
“improved average recovery rate of 92.49%”
Higher Costsnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: Cash cost per ounce sold increased to $1,288/oz in Q2 FY2026 from $918/oz in Q2 FY2025.
Evidence · text
“Cash cost of $1,288 per ounce sold (Q2 FY 2025: $918/oz)”
Exploration Activityneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: Exploration drilling programs continued at Selinsing, supporting ongoing resource growth and a potential extension of mine life.
Evidence · text
“Exploration drilling programs continued at Selinsing, supporting ongoing resource growth and a potential extension of mine life”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Metallurgical Results (1)
Fact 1Selinsing Gold Mine · goldRecovery: 92.49 %View all detailsHide details
Identity
- Project
- Selinsing Gold Mine
- Commodity
- gold
- Region
- malaysia
- Reported Region
- Malaysia
- Ticker
- MMY
Recovery
- Recovery
- 92.49 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-02T00:00:00.000Z
Reasoning: The processing recovery rate improved significantly to 92.49%, indicating successful plant optimization efforts.
Positive factors
- Significantly improved processing recovery rate
- Reflects continued benefits of plant improvements and optimization
Evidence · table
“92.49”
Context: Processing recovery rate (%)
Tags used in scoring
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.