Earnings
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
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.
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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.
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May 29, 2026 · 19:59