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GOLD 4539.90 +2.8% SILVER 67.58 +3.2% COPPER 6.67 +1.1% OIL 91.30 +0.3% PALLADIUM 1435.50 +5.5% SALT 1.65 +0.0% BBB 0.670 +3.1% SKE 45.71 +4.0% NOU 1.91 −4.0% LAM 0.660 +6.5% OGW 1.29 −5.2% COCO 0.300 +0.0% CPL 0.195 −11.4% FUU 0.145 −3.3% NUAG 9.25 −0.1% FDY 5.14 −1.9% GRZ 6.66 +0.1% TES 0.110 +10.0% MINK 0.100 +0.0% CAN 0.080 +0.0% ELEF 0.135 −12.9% GOLD 4539.90 +2.8% SILVER 67.58 +3.2% COPPER 6.67 +1.1% OIL 91.30 +0.3% PALLADIUM 1435.50 +5.5% SALT 1.65 +0.0% BBB 0.670 +3.1% SKE 45.71 +4.0% NOU 1.91 −4.0% LAM 0.660 +6.5% OGW 1.29 −5.2% COCO 0.300 +0.0% CPL 0.195 −11.4% FUU 0.145 −3.3% NUAG 9.25 −0.1% FDY 5.14 −1.9% GRZ 6.66 +0.1% TES 0.110 +10.0% MINK 0.100 +0.0% CAN 0.080 +0.0% ELEF 0.135 −12.9%
Earnings Routine +

Monument Reports Third Quarter Fiscal 2026 Results

Monument Mining Reports Q3 FY2026 Net Profit of $22.65M, Driven by Record Gold Prices and Selinsing Production Surge

By The Northwire Desk — AI Analysis Jun 01, 2026 · 17:45 MMY · 0.91 Monument Mining Limited
Executive Summary
  • Monument Mining reported Q3 FY2026 net profit of $22.65 million ($0.07/share), bringing YTD net profit to $53.31 million ($0.15/share).
  • Gold production reached 11,700 ounces in Q3 at a record average realized price of $5,166/oz, generating $47.04 million in revenue and a gross margin of $32.47 million.
  • Cash and short-term investments increased to $101.76 million, up from $82.65 million at the end of Q2.
  • All-in sustaining costs (AISC) rose to $1,583/oz in Q3, up from $1,421/oz in Q2 and $1,037/oz in Q1, attributed to higher royalty expenses, SST implementation, and RM/USD exchange rate fluctuations.
  • Exploration drilling at Selinsing (Buffalo Reef/Felda) completed 123 holes for 17,136 meters, with assay results indicating strong potential for resource addition and mine life extension.
  • Selinsing mine development progressed with a completed concentrate warehouse extension, operational filter press, and TSF Stage 7 embankment construction.
  • Murchison project development advanced with completed process design criteria, heritage surveys, and ongoing traditional owner engagement.
Material Impact
  • The Q3 results are in line with the strong upward trajectory established in Q1 and Q2, driven primarily by the surge in realized gold prices rather than operational surprises.
  • Production increased steadily (13,092 oz in Q1, 10,249 oz in Q2, 11,700 oz in Q3), demonstrating consistent operational execution at Selinsing.
  • The most notable development is the significant increase in AISC to $1,583/oz. While gold prices have soared, cost inflation from royalties and currency fluctuations is compressing margins. This requires close monitoring if gold prices normalize.
  • The cash position of $101.76 million is exceptional and provides a substantial buffer for the ongoing $2.5 million expansion drilling program and Murchison development without requiring immediate capital raises.
  • The news is a follow-up to previously announced drilling programs and quarterly earnings, making it a routine positive update rather than a market-moving event.
MMY · Price
Company Overview
  • Monument Mining Limited is a gold exploration and production company focused on its Selinsing Gold Mine in Malaysia and the Murchison Gold Portfolio in Western Australia.
  • The flagship Selinsing Gold Mine has been in production since September 2010, operating as an open-pit sulphide mine with a 950 ktpa flotation plant.
  • The company aims to extend the mine life through ongoing exploration drilling at Buffalo Reef and Felda, and to develop the Murchison assets into a potential second cash-flow source.
  • The company maintains a debt-free balance sheet and focuses on disciplined capital allocation, including recent special dividends.
Read the original news release →

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Production / Operations