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Monument Mining ( (TSE:MMY) ) just unveiled an announcement.
Monument Mining Limited has announced the commencement of an expansion drilling program at its Selinsing Gold Mine, aiming to extend the life of the mine and discover new mineral resources. With an initial investment of USD $2.5 million, the program is expected to be completed by March 2026 and includes aggressive exploration to convert resources to reserves, potentially enhancing the company’s market position and operational longevity.
The most recent analyst rating on (TSE:MMY) stock is a Buy with a C$0.51 price target. To see the full list of analyst forecasts on Monument Mining stock, see the TSE:MMY Stock Forecast page.
Spark’s Take on TSE:MMY Stock
According to Spark, TipRanks’ AI Analyst, TSE:MMY is a Outperform.
Monument Mining’s overall score reflects strong financial performance and positive corporate events contributing to potential growth. While the technical indicators are currently neutral, the company’s attractive valuation and strategic initiatives provide a solid foundation for future appreciation.
To see Spark’s full report on TSE:MMY stock, click here.
More about Monument Mining
Monument Mining Limited is a company operating in the mining industry, primarily focused on gold production. The company is engaged in sustainable gold inventory management and operates the Selinsing Gold Mine and Buffalo Reef properties in Pahang State, Western Malaysia.
Average Trading Volume: 307,542
Technical Sentiment Signal: Buy
Current Market Cap: C$134.8M
Learn more about MMY stock on TipRanks’ Stock Analysis page.