Northwire Canada EditionTuesday, October 20, 2026
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GOLD 4141.70 −0.4% SILVER 58.05 +1.4% COPPER 6.62 +0.6% OIL 97.59 −1.0% PALLADIUM 1107.00 −1.4% LMG 0.400 +0.0% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.160 +33.3% NXS 0.150 +0.0% ETG 2.76 −8.9% EMNT 0.350 +0.0% PPM 0.120 −20.0% CERT 2.34 −0.8% KNG 0.950 −2.1% RYR 0.195 +2.6% VCG 1.22 +18.4% NVX 1.11 −0.9% LIO 0.165 +0.0% KG 0.165 +3.1% KC 0.410 +2.5% GOLD 4141.70 −0.4% SILVER 58.05 +1.4% COPPER 6.62 +0.6% OIL 97.59 −1.0% PALLADIUM 1107.00 −1.4% LMG 0.400 +0.0% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.160 +33.3% NXS 0.150 +0.0% ETG 2.76 −8.9% EMNT 0.350 +0.0% PPM 0.120 −20.0% CERT 2.34 −0.8% KNG 0.950 −2.1% RYR 0.195 +2.6% VCG 1.22 +18.4% NVX 1.11 −0.9% LIO 0.165 +0.0% KG 0.165 +3.1% KC 0.410 +2.5%
Drill Results Routine +

Monument's Drill Assay Results Highlight Selinsing Gold Mine Expansion Potential

Monument Mining Drill Results Validate Selinsing Expansion Potential Amidst Gold Price Correction

By The Northwire Desk — AI Analysis May 29, 2026 · 19:59 MMY · 0.9 Monument Mining Limited
Executive Summary
  • Monument Mining Limited announced completion of Stage 1 and Stage 2 drilling for the Buffalo Reef/Felda Mine Expansion program at its Selinsing Gold Mine in Malaysia.
  • Total drilling completed is 123 holes for 17,136 meters against a plan of 118 holes/17,477m.
  • Assay results received for 98 holes with 19 pending; all expected by June 2026.
  • Results indicate strong potential for resource addition outside current Life of Mine (LOM) and Expanded Pit Shell boundaries.
  • Significant high-grade intercepts reported, including MBRDD641: 21.0m @ 1.99g/t Au and MBRDD628: 1.1m @ 13.9g/t Au.
  • Geological continuity suggests an increased Inferred Mineral Resource outside existing tenement boundaries.
Material Impact
  • The news confirms the successful completion of a previously announced $2.5 million drilling program initiated in July 2025, making it expected rather than unexpected information.
  • While high-grade intercepts are positive, they represent exploration potential (Inferred Resource) rather than converted reserves or immediate production changes.
  • The announcement validates previous Q2 FY26 earnings guidance which already factored in strong cash flow and production growth.
  • Given the program was known to the market for months, this is a follow-up milestone rather than a game-changing event like an acquisition or final resource declaration.
  • The "outside LOM" potential is significant but requires further technical work (resource update targeted October 2026) before materializing into financial value.
MMY · Price
Company Overview
  • Flagship Project: Selinsing Gold Mine in Malaysia (Central Gold Belt), an open-pit sulphide operation with a 950 ktpa flotation plant.
  • Status: Producing since September 2010; historical production of 436,787 oz Au to date.
  • Secondary Assets: Murchison Gold Portfolio in Western Australia (Burnakura and Gabanintha projects) currently in exploration/development stages.
  • Strategy: Disciplined growth combining sustaining Selinsing production with expansion drilling and potential corporate acquisitions.
  • Operations: Recent upgrades include new filter press, concentrate shed extension, and tailings storage facility (TSF) stage 7 design.
Read the original news release →

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Monument Announces Additional Assay Results from the Buffalo Reef / Felda Areas of Selinsing Gold Mine

Drill Results