Monument Mining Reports Strong Q1 FY2026 Results with Increased Gold Production

Monument Mining ( (TSE:MMY) ) has provided an update.

Monument Mining Limited reported a strong financial performance for the first quarter of fiscal year 2026, with a gross revenue of $32.4 million and a significant increase in net income to $10.5 million. The company saw a substantial rise in gold production at the Selinsing Gold Mine, producing 13,092 ounces of gold, and increased its cash reserves to $62.84 million, enhancing its liquidity for future growth. The ongoing exploration at Selinsing and the economic assessment at the Murchison Gold Project indicate potential for future expansion and increased mineral resources.

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.

Monument Mining’s strong financial performance and positive corporate events are the main contributors to the stock’s score. While the valuation suggests the stock is undervalued, mixed technical indicators present some caution. The company’s strategic initiatives and robust financial health position it well for future growth, despite the need for consistent performance.

To see Spark’s full report on TSE:MMY stock, click here.

More about Monument Mining

Monument Mining Limited is a mining company primarily engaged in the exploration and production of gold. The company operates the Selinsing Gold Mine in Malaysia and is also involved in the Murchison Gold Project in Western Australia, focusing on potential gold production opportunities.

Average Trading Volume: 596,097

Technical Sentiment Signal: Buy

Current Market Cap: C$393M

For detailed information about MMY stock, go to TipRanks’ Stock Analysis page.