Monument Mining Limited reported encouraging results from its Selinsing Gold Mine expansion program in Malaysia, including high-grade gold intercepts. The company is accelerating drilling with four operational rigs to target mine expansion areas.
Monument Mining Limited announced robust Q1 FY2026 results, reporting a substantial increase in gold production to 13,092 ounces and a record average realized gold price of $3,498/oz. The company achieved a net income of $10.5 million and saw its processing recovery rate improve to 87.57%. Exploration drilling is underway at the Selinsing Gold Mine in Malaysia, targeting potential mine expansion areas.
Monument Mining Limited reported strong financial and production results for Fiscal Year 2025, with gross revenue increasing to US$98.64 million and net income rising significantly to US$37.54 million. Gold production reached 38,530 ounces for the year, driven by an improved processing recovery rate of 85.32% at the Selinsing Gold Mine in Malaysia. The company also achieved lower total cash costs and all-in sustaining costs per ounce sold, while advancing development plans for its Murchison Gold Project in Western Australia.
Monument Mining has completed construction and commenced commissioning of the Intec Pilot Plant at the Selinsing gold mine in Malaysia. The pilot plant aims to demonstrate the scalability of Intec's sulphide dissolution and gold recovery technology, with independent oversight provided by Orway Mineral Consultants.
