# Monument's Fiscal 2015 Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/monument-s-fiscal-2015-results--be74a6d9-cff5-42eb-9801-77ffe633a265 Original source: https://money.tmx.com/en/quote/MMY/news/67553261/monument-s-fiscal-2015-results Publisher: tmx Original announcement: 2015-09-30T00:03:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Monument Mining Limited - Ticker: MMY - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Iron ore - Document categories: Production, Metallurgy, Resource update - Extracted: 2026-08-23 22:59:53 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Monument Mining Limited reported a net profit of $11.38 million for fiscal 2015, a significant turnaround from a net loss in the prior year, driven by increased gold production of 36,473 ounces and a 4% reduction in cash costs to US$587 per ounce. The company also achieved an improved processing recovery rate of 82.4% for gold and advanced its Intec sulphide gold and copper recovery technology with successful bench-scale tests and pilot plant commissioning. Additionally, an Inferred and Indicated mineral resource estimate for the Alliance/New Alliance deposits in Western Australia was announced, further strengthening its project pipeline. Reasoning: Monument Mining Limited reported a strong financial performance for fiscal 2015, turning a net loss into a significant profit, driven by increased gold production and lower operating costs. The company also made material progress in metallurgical development for sulphide ore processing and updated its resource base, indicating positive operational and growth trajectories. - Positive factor: Net profit turnaround from loss to profit - Positive factor: Increased gold production and improved processing recovery rate - Positive factor: Significant reduction in cash costs per ounce - Positive factor: Advancement of Intec sulphide gold and copper recovery technology with successful bench-scale tests and pilot plant commissioning - Positive factor: Announcement of Inferred and Indicated mineral resource estimate for ANA deposits Facts used in scoring: 28 ## Classification and evidence **QP/CP Signed** Polarity: positive Definition: 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: Roger Stangler, Chief Managing Geologist, is named as a Qualified Person under NI43-101 standards who reviewed and approved the scientific and technical disclosure. Darryl Mapleson is also named as Lead Principle QP for the ANA resource. Evidence · text > Roger Stangler , Chief Managing Geologist of the Company, MEng, MAusIMM, MAIG has reviewed, supervised the preparation and approved the scientific and technical disclosure in the news release as a Qualified Person under NI43-101 standards. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Alliance/New Alliance deposits' mineral resource estimate was announced and followed by a 'NI 43-101 Technical Report'. Evidence · text > Gold resource confirmed for Alliance/New Alliance \("ANA"\) deposits at Murchison with a NI 43-101 Report SEDAR filed. **Recovery Improving** Polarity: positive Definition: Recovery improved versus a like-for-like prior test program on the same domain and route. Why it applies: The processing recovery rate of gold increased by 9% from 75.9% in fiscal 2014 to 82.4% in fiscal 2015. Evidence · text > Processing recovery rate of gold increased by 9% to 82.4% \(2014: 75.9%\) **Bench Scale Only** Polarity: negative Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: Intec laboratory test work for gold recovery from sulphide material was completed on a bench scale. Evidence · text > the Intec laboratory test work was completed as planned in fiscal 2015 and has successfully demonstrated the technical ability of Intec to recover gold from the sulphide material on a bench scale. **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: A pilot plant for Intec technology was commissioned in September 2015 to demonstrate scale-up capability for sulphide gold recovery. Evidence · text > the pilot plant was commissioned subsequent to the year in September 2015 and test work will commence in October 2015 to duplicate the bench scale batch test work results in a continuous flow process; to further demonstrate scale-up capability. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: An Inferred and Indicated mineral resource estimate for ANA deposits was announced in February 2015. Evidence · text > During fiscal 2015, an Inferred and Indicated mineral resource estimate for ANA deposits were announced in February 2015 **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: The average ore head grade increased by 11% from 1.31 g/t Au in 2014 to 1.45 g/t Au in 2015. Evidence · text > Average ore head grade increased by 11% to 1.45g/t Au \(2014: 1.31g/t Au\) **Cash Cost Reduction** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Cash cost per ounce decreased by 4% from US$613/oz in 2014 to US$587/oz in 2015. Evidence · text > Cash cost per ounce decreased by 4% to US$587 per ounce \("oz"\) \(2014: US$613 /oz\) ## 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.