Monument Reports Fourth Quarter and Fiscal 2025 Results

Monument Mining reported its fourth quarter and fiscal year 2025 results for the period ending June 30, 2025. For the full fiscal year, the company announced gross revenue of $98.64 million, a 92% increase from $51.42 million in fiscal 2024. Net earnings surged by 483% to $37.54 million ($0.11 per share) from $6.44 million ($0.02 per share) in the prior year. Cash flow from operations grew 238% to $48.65 million. The company ended the year with a cash position of $45.94 million, a significant increase from $10.86 million at the end of fiscal 2024.

Operationally, FY 2025 gold production increased to 38,530 ounces from 31,542 ounces in FY 2024, while All-In Sustaining Costs (AISC) decreased by 7% to $1,093 per ounce. The CEO, Cathy Zhai, highlighted the sustained gold production at Selinsing and the strong cash position, noting that the company is advancing the Murchison Gold Project as a potential second source of cash flow, with a conceptual economic assessment currently underway by SRK Consulting.

This news is materially positive. It provides the full-year financial confirmation of the company's spectacular operational turnaround at the Selinsing Gold Mine. The transition from a cash-burning developer during the sulphide plant construction in FY2023 to a highly profitable and self-funding producer in FY2025 is now complete and validated by audited annual results.

The key takeaways are: * Exceptional Financial Performance: The triple-digit percentage growth in net earnings and cash flow, coupled with a near doubling of revenue, demonstrates the high profitability of the Selinsing operation at current gold prices. * Massive Cash Generation: The company added over $35 million in cash to its treasury in one year, ending with a robust $45.94 million. This completely de-risks the balance sheet, eliminates any need for near-term financing, and provides ample capital for the next phase of growth. * Operational Excellence: The ability to increase production while simultaneously lowering AISC by 7% to a very competitive $1,093/oz showcases strong operational management and successful plant optimization efforts that were promised throughout the ramp-up phase in 2023 and 2024. * Growth Pivot Confirmed: The results validate the strategic pivot from survival and ramp-up to growth. The company is now actively using its strong free cash flow to fund the Selinsing expansion drilling (announced July 2025) and advance the Murchison Gold Project restart, as evidenced by the commissioning of an economic study by SRK.

In the context of historical news, this release represents the successful culmination of a difficult multi-year transition. The challenges and bottlenecks reported during the 2023 commissioning phase have been overcome, and the operational stability promised in early 2024 has been achieved and exceeded. The market had already begun to price in this turnaround, but these annual figures provide definitive proof and a strong foundation for future valuation.

Monument Mining Limited is a gold producer with its primary asset being the wholly-owned Selinsing Gold Mine in Pahang State, Malaysia. After over a decade of producing gold from oxide ore, the company successfully constructed and commissioned a new sulphide flotation plant, which achieved commercial production in August 2023. The Selinsing project is now a stable, low-cost operation generating significant free cash flow.

The company also owns the Murchison Gold Project in Western Australia, which includes the Burnakura and Gabanintha assets. This project has a historical resource and significant existing infrastructure, including a processing plant currently on care and maintenance. Monument is now actively studying a potential restart of Murchison, positioning it as a second producing asset and a potential regional processing hub.