Monument Reports Second Quarter Fiscal 2015 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, Agreement transaction
- Extracted
- 2026-08-23 22:57:22 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Monument Mining Limited reported positive second-quarter fiscal 2015 results, achieving 9,950 ounces of gold production at a reduced cash cost of US$597/oz. The company saw significant operational improvements, including a 29% increase in average mill feed grade to 1.46 g/t Au and a 19% rise in processing recovery to 84.59%. Additionally, Monument completed the acquisition of the Tuckanarra Gold Project in Western Australia and initiated laboratory test work for sulphide ore treatment at its Selinsing Mine.
Reasoning: The company reported strong operational performance with increased gold production, higher grades, and improved recovery, leading to lower cash costs and increased net profit. The acquisition of the Tuckanarra Gold Project adds to its portfolio, while R&D for sulphide ore treatment is underway.
Positive factors
- Increased gold production
- Higher average mill feed grade
- Improved processing recovery rate
- Lower cash cost per ounce
- Strategic acquisition of Tuckanarra Gold Project
Negative factors
- Plant throughput decreased due to heavy rainfall
- Mengapur Project development on hold due to commodity prices
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 7
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.