# Monument Reports First Quarter Fiscal 2016 Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/monument-reports-first-quarter-fiscal-2016-results--ec8f5c98-ae4d-4f75-99cf-49f403beec48 Original source: https://money.tmx.com/en/quote/MMY/news/70112005/monument-reports-first-quarter-fiscal-2016-results Publisher: tmx Original announcement: 2015-11-30T16:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Monument Mining Limited - Ticker: MMY - Exchange: TSX - Region: Malaysia - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Production, Metallurgy, Drill results - Extracted: 2026-08-23 22:58:19 UTC Narrative sentiment: -0.10 · Bearish ## Minestarters Atlas summary Monument Mining Limited reported its first-quarter fiscal 2016 results, showing a significant decrease in gold production to 5,063 ounces, primarily due to lower head grades and processing super low-grade material. Despite this, the company achieved a substantial 33% reduction in cash cost per ounce to US$468. Monument is also progressing development projects, including commissioning the Intec Pilot Plant at Selinsing and advancing heap leaching at Burnakura. Reasoning: Gold production decreased significantly due to lower head grade and recovery, but cash costs were substantially reduced, and development projects are advancing. - Positive factor: cash\_cost\_reduction - Positive factor: project\_advancement - Positive factor: exploration\_ongoing - Negative factor: production\_decrease - Negative factor: recovery\_decrease - Negative factor: head\_grade\_decrease - Negative factor: processing\_issues Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 41 ## Classification and evidence **Cash Cost Reduction** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Cash cost per ounce decreased by 33% to US$468 /oz Evidence · text > Cash cost per ounce decreased by 33% to US$468 /oz **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Gold production decreased by 48% to 5,063oz Evidence · text > Gold production of 5,063 ounces \("oz"\) \(Q1 fiscal 2015: 9,745oz\) **Grade Decline** Polarity: negative Story-specific tag Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: Average ore head grade decreased by 42% to 0.96g/t Evidence · text > Average ore head grade decreased by 42% to 0.96g/t **Recovery Decline** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Process recovery rate decreased 9% to 77.0% Evidence · text > process recovery rate decreased 9% to 77.0% **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: Commissioning of the Intec Pilot Plant was completed in preparation for operations test work. Evidence · text > commissioning of the pilot plant continued and was completed in preparation for the operations test work. **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: Advancing heap leach production development at Burnakura. Evidence · text > metallurgical test work for heap leach processing from fiscal 2015. **Exploration Drilling** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: Ongoing diamond drilling for exploration at Buffalo Reef Central and FELDA Block 7. Evidence · text > a total of 18 diamond drill \("DD"\) holes were drilled for 2,302 metres \("m"\) **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: PQ-core samples were submitted to SGS Mengapur for chemical assays. Evidence · text > A total of 2,437 of PQ-core samples were submitted to SGS Mengapur for chemical assays. ## Extracted facts Stored fact records: 0. Some facts used in scoring do not have a stored record. No stored fact records are available for this extraction. ## 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.