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Monument Reports First Quarter Fiscal 2023 (“Q1 FY2023”) Results
19:42 Uhr | GlobeNewswire
VANCOUVER, Nov. 30, 2022 - Monument Mining Ltd. (TSX-V: MMY and FSE: D7Q1) "Monument" or the "Company" today announced its first quarter of fiscal 2023 production and financial results for the three months ended September 30, 2022. All amounts are expressed in United States dollars ("US$") unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, "FY 2023 will be a milestone year for Selinsing Gold Mine to initiate the new life of mine for gold concentrate production. In the first quarter of fiscal 2023 flotation plant construction progressed in delivery of major components of long lead items after Shanghai city lockdown by rescheduling vessel shipment. The new life of mine production will commence upon completion of the flotation plant commissioning, which is anticipated in early December 2022. At Murchison, Phase 2 drill results were announced in the quarter that confirmed the extension of gold mineralization, including high grades of up to 17.8g/t gold, for more than 150m vertical depth below the current Mineral Resource at the North of Alliance ("NOA") group of deposits, and exploration work focused on updating historical data at Gabanintha to potentially improve identifying drill targets."
First Quarter Highlights:
85% progress of Selinsing Sulphide Project development targeting completion early December 2022;
Marketing progressing in reviewing and evaluation of quotations from potential purchasers of concentrates;
Selinsing production continued with volatile mining rates and a breakeven profit margin:
2,066 ounces ("oz") of gold produced (Q1 FY2022: 1,043oz);
400 ounces ("oz") of gold sold for $0.71 million (Q1 FY2022: 1,423oz for $2.38 million);
Average annual gold price realized at $1,772oz (Q1 FY2022: $1,829/oz);
Cash cost per ounce sold was $1,622/oz (Q1 FY2022: $1,430/oz);
Gross margin decreased by 83% to $0.06 million (Q1 FY2022: $0.35 million);
All-in sustaining cost ("AISC") increased to $2,677/oz (Q1 FY2022: $2,052/oz)
First Quarter Production and Financial Highlights
.....
https://www.minenportal.de/artikel/487338--Monument-Reports-First-Quarter-Fiscal-2023-Q1-FY2023-Results.html
19:42 Uhr | GlobeNewswire
VANCOUVER, Nov. 30, 2022 - Monument Mining Ltd. (TSX-V: MMY and FSE: D7Q1) "Monument" or the "Company" today announced its first quarter of fiscal 2023 production and financial results for the three months ended September 30, 2022. All amounts are expressed in United States dollars ("US$") unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, "FY 2023 will be a milestone year for Selinsing Gold Mine to initiate the new life of mine for gold concentrate production. In the first quarter of fiscal 2023 flotation plant construction progressed in delivery of major components of long lead items after Shanghai city lockdown by rescheduling vessel shipment. The new life of mine production will commence upon completion of the flotation plant commissioning, which is anticipated in early December 2022. At Murchison, Phase 2 drill results were announced in the quarter that confirmed the extension of gold mineralization, including high grades of up to 17.8g/t gold, for more than 150m vertical depth below the current Mineral Resource at the North of Alliance ("NOA") group of deposits, and exploration work focused on updating historical data at Gabanintha to potentially improve identifying drill targets."
First Quarter Highlights:
85% progress of Selinsing Sulphide Project development targeting completion early December 2022;
Marketing progressing in reviewing and evaluation of quotations from potential purchasers of concentrates;
Selinsing production continued with volatile mining rates and a breakeven profit margin:
2,066 ounces ("oz") of gold produced (Q1 FY2022: 1,043oz);
400 ounces ("oz") of gold sold for $0.71 million (Q1 FY2022: 1,423oz for $2.38 million);
Average annual gold price realized at $1,772oz (Q1 FY2022: $1,829/oz);
Cash cost per ounce sold was $1,622/oz (Q1 FY2022: $1,430/oz);
Gross margin decreased by 83% to $0.06 million (Q1 FY2022: $0.35 million);
All-in sustaining cost ("AISC") increased to $2,677/oz (Q1 FY2022: $2,052/oz)
First Quarter Production and Financial Highlights
.....
https://www.minenportal.de/artikel/487338--Monument-Reports-First-Quarter-Fiscal-2023-Q1-FY2023-Results.html