Monument Reports Strong Q1 Fiscal 2026 Results

Monument Mining Limited (TSX‑V: MMY / FSE: D7Q1) has released its financial results for the first quarter of fiscal year 2026 (ended September 30, 2025), showing a marked improvement in profitability and production output. 🔹 Financial & Production Highlights Monument posted a net income of US$10.50 million (≈ US$0.03/share), up from US$3.00 million in Q1 FY 2025. Gross revenue rose to US$32.4 million, driven by 11,227 ounces of gold sold at a record average price of US$3,498/oz. Gold production increased significantly to 13,092 ounces, up from 8,059 ounces in the same quarter last year. Cash cost per ounce sold was US$888/oz, while all‑in sustaining cost was US$1,037/oz, showing moderate cost control despite higher royalties. 🔹 Balance Sheet & Liquidity Strength Cash on hand rose sharply to US$62.84 million, up by US$16.9 million from the previous quarter. Working capital reached US$69.55 million, reflecting solid short‑term financial health. 🔹 Operational Progress & Development Plans At the Selinsing Gold Mine in Malaysia, processing improvements lifted recovery rates to 87.57%, while ore grade improved to 1.94 g/t. Exploration drilling continued to expand resource potential, and at the Murchison Gold Project in Western Australia, management completed a conceptual economic assessment and a heritage survey — both key steps toward a potential restart or expansion. 🔹 Management’s Viewpoint Monument’s leadership emphasized that the steady upward trend in production and the strengthened cash position give the company flexibility to expand mining output and invest in exploration — underpinning long‑term value creation. #MonumentMining #GoldProduction #MiningResults #Fiscal2026 #SlimScan #GrowthStocks #CANSLIM