Monument Reports Second Quarter Fiscal 2026 Results
Monument Mining transforms into a high-margin cash flow engine as Selinsing production scales amid record gold prices.
The most recent news (March 02, 2026) reports Q2 Fiscal 2026 results, showing a massive financial turnaround. Net income reached $20.16 million ($0.06/share), a significant jump from $8.84 million in the prior year. Gross margins surged 173% to $31.55 million, driven by selling 13,725 ounces of gold at a record average price of $4,197/oz. Cash reserves grew to $82.65 million. Operationally, the company produced 10,249 ounces at Selinsing and maintained an All-In Sustaining Cost (AISC) of $1,421/oz, which is an 18% decrease year-over-year despite higher royalty payments.
The news is Routine - Positive. While the financial figures are objectively spectacular, they are a continuation of the "steady upward trend" and "strong progress" signaled in the Q1 FY2026 and FY2025 year-end reports. - Financial Strength: The $82.65M cash balance is highly material for a junior producer, effectively de-risking the upcoming restart of the Murchison Gold Project in Australia without the need for dilutive financing. - Operational Efficiency: Reducing AISC by 18% during a period of high inflation and increased royalties is a significant management feat. - Dividend Sustainability: The payment of a special dividend in January 2026 confirms the company has moved from a "development" phase to a "yield" phase, which typically attracts a different class of institutional investors.
Monument Mining is a gold producer and explorer. - Flagship Project: Selinsing Gold Mine (Malaysia). It transitioned to sulphide gold production in early 2023. It currently has a 5-year Life of Mine (LoM) based on 2019 reserves, but aggressive drilling is underway to extend this. - Secondary Project: Murchison Gold Project (Western Australia), currently in care and maintenance but being evaluated for a restart with a 750,000 tpa mill capacity.