Monument Reports Third Quarter Fiscal 2015 Results
Original announcement by tmx on
- Company
- Monument Mining Limited
- Ticker
- MMY
- Exchange
- TSX
- Region
- Malaysia
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Production, Resource update, Metallurgy
- Extracted
- 2026-08-23 22:58:36 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Monument Mining Limited reported a net profit of $3.62 million for the third quarter of fiscal 2015, alongside a 25% increase in gold production to 9,346 ounces and a 14% decrease in cash cost per ounce to US$560/oz. The company also announced an updated NI 43-101 compliant resource estimate for its Alliance/New Alliance deposits, showing a 90% increase in Indicated gold ounces and a 15% increase in total contained gold ounces. Additionally, Monument is evaluating Intec Technology for processing sulphide materials at its Selinsing Gold Plant.
Reasoning: Monument Mining reported strong operational and financial results for Q3 fiscal 2015, including increased gold production and lower cash costs, alongside a significant NI 43-101 compliant resource upgrade for its Alliance/New Alliance deposits.
Positive factors
- Increased net profit
- Increased gold production
- Decreased cash cost per ounce
- Increased processing recovery rate
- Significant increase in Indicated gold ounces
- NI 43-101 compliant resource update
Negative factors
- Ore processed decreased due to crushing plant blockage
- Intec Technology is still in trial commercialization phase
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 11
Classification and evidence
Production Increasepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Gold production increased by 25% to 9,346 ounces in Q3 fiscal 2015 compared to the prior year's quarter.
Evidence · text
“Gold production of 9,346 ounces, a 25% increase compared to 7,487oz produced in Q3 fiscal 2014”
Cost Reductionpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Cash cost per ounce decreased by 14% to US$560/oz in Q3 fiscal 2015 compared to US$654/oz from Q3 fiscal 2014.
Evidence · text
“Cash cost per ounce of US$560 /oz, a 14% decrease compared to US$654/oz from Q3 fiscal 2014”
Resource Upgradepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The NI 43-101 compliant resource estimate for Alliance/New Alliance showed a 90% increase in Indicated gold ounces.
Evidence · text
“15% increase in total contained gold ounces compared to the historical estimate for Alliance/New Alliance areas of the Murchison Gold Project.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The company filed a National Instrument 43-101 compliant report for the Alliance/New Alliance resource estimate.
Evidence · text
“Filed National Instrument 43-101 ("NI 43-101")”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The NI 43-101 Technical Report was signed off by Lead Principle QP Darryl Mapleson.
Evidence · text
“Lead Principle QP: Darryl Mapleson (MAIG, FAusIMM)”
Processing Improvementpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Processing recovery rate increased by 8% to 82.16% in Q3 fiscal 2015 compared to 75.76% in Q3 fiscal 2014.
Evidence · text
“process recovery rate increased by 8% to 82.16% (Q3 fiscal 2014: 75.76%)”
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.