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Monument Mining ( (TSE:MMY) ) has provided an update.
Monument Mining reported a strong second quarter for fiscal 2026, driven by higher gold production and record realized prices at its Selinsing Gold Mine in Malaysia. Net income rose to $20.16 million from $8.84 million a year earlier, while cash on hand expanded by nearly $20 million to $82.65 million, significantly strengthening liquidity and working capital.
The company produced 10,249 ounces and sold 13,725 ounces of gold at an average realized price of $4,197 per ounce, lifting quarterly revenue to $49.23 million and gross margin to $31.55 million. Management highlighted ongoing exploration at Selinsing aimed at extending mine life, priority work on regulatory compliance and infrastructure planning in Western Australia, and the payout of a special dividend, underscoring both operational momentum and improved returns to shareholders.
The most recent analyst rating on (TSE:MMY) stock is a Buy with a C$1.50 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.
Score is driven mainly by strong recent financial performance (sharp profitability/cash flow rebound and extremely low leverage) and supportive low valuation (P/E ~6.09). This is tempered by weaker near-term technicals (below 20/50-day averages and negative MACD), and the key fundamental risk is historical earnings and cash-flow volatility.
To see Spark’s full report on TSE:MMY stock, click here.
More about Monument Mining
Monument Mining Limited is a Canada-based gold producer focused on the Selinsing Gold Mine in Malaysia and development-stage assets in Western Australia. The company generates revenue primarily from gold production and sales, and is positioning itself for future growth through exploration drilling and mine infrastructure planning in its core operating regions.
Average Trading Volume: 690,360
Technical Sentiment Signal: Buy
Current Market Cap: C$424.7M
See more insights into MMY stock on TipRanks’ Stock Analysis page.