Monument Reports Third 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
- Metallurgy, Production
- Extracted
- 2026-09-16 10:42:51 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Monument Mining Limited reported a net profit of $22.65 million and gold production of 11,700 ounces for the third quarter of fiscal year 2026. The company achieved a gross revenue of $47.04 million and increased its cash and short-term investments to $101.76 million. Exploration drilling at the Selinsing Gold Mine continued to demonstrate resource expansion potential, and development activities at the Murchison Gold Project progressed, while cash costs per ounce sold increased.
Reasoning: Monument Mining Limited reported strong financial and operational results for Q3 FY2026, including significant increases in net profit, gold production, and revenue, supported by a robust cash position and ongoing project advancements, despite an increase in cash costs and a slight dip in head grade.
Positive factors
- Increased net profit and earnings per share
- Higher gold production and sales volume
- Increased gross margin from mining operations
- Strong cash and short-term investment position
- Improved processing recovery rate
- Successful exploration drilling at Selinsing demonstrating resource expansion potential
- Progress on Murchison Gold Project development activities
- Special dividend issued to shareholders
Negative factors
- Increased cash cost per ounce sold
- Lower average mill feed grade compared to prior period
Facts used in scoring: 1
Classification and evidence
High Recoverypositive · Story-specific tag
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The processing recovery rate of 89.75% for gold sulphide production is strong for a gold mill/CIL operation.
Evidence · table
“89.75”
Context: Processing recovery rate (%)
Tonnage Growthpositive · Story-specific tag
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: Ore processed during the quarter increased by 27% compared to Q3 FY 2025, indicating significant growth in throughput.
Evidence · text
“Ore processed during the quarter increased by 27% compared to Q3 FY 2025”
Grade Declinenegative · Story-specific tag
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The average mill feed grade of 1.67 g/t was lower compared to 1.76 g/t in Q3 FY 2025.
Evidence · text
“Despite a lower average head grade of 1.67 g/t compared to Q3 FY 2025”
Recovery Improvingpositive · Story-specific tag
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: The average recovery rate improved to 89.75% from 88.20% in Q3 FY 2025, reflecting plant optimization.
Evidence · text
“improved average recovery rate of 89.75%, reflecting the continued benefits of plant improvements and optimization initiatives.”
Increased Costsnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: Cash cost per ounce sold increased to $1,390 from $874 in Q3 FY 2025, primarily due to higher royalties and government fees.
Evidence · text
“Cash cost of $1,390 per ounce sold (Q3 FY 2025: $874/oz)”
Exploration Successpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Extensive exploration drilling at Selinsing successfully demonstrated resource expansion and mine life extension potential.
Evidence · text
“Extensive exploration drilling activities were carried out successfully at Selinsing during Q3 FY 2026, supporting continued resource growth potential and future mine life extension opportunities”
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: 89.75 %View all detailsHide details
Identity
- Project
- Selinsing Gold Mine
- Commodity
- gold
- Region
- malaysia
- Reported Region
- Malaysia
- Ticker
- MMY
Recovery
- Recovery
- 89.75 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-01T00:00:00.000Z
Reasoning: The Selinsing Gold Mine delivered strong gold production and processing recovery, contributing to significantly higher revenue and gross margin, despite a slight decrease in head grade and an increase in cash costs.
Positive factors
- Increased gold production
- High processing recovery rate
- Increased ore processed
- High realized gold price
- Increased gross margin
Negative factors
- Increased cash cost per ounce sold
- Lower average mill feed grade compared to prior period
Evidence · table
“11,700”
Context: Gold produced (oz)
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.