Monument Mining Reports Strong Q2 FY 2025 Results with Increased Revenue and Profit

The latest announcement is out from Monument Mining ( (TSE:MMY) ).

Monument Mining Limited reported strong financial results for the second quarter of fiscal 2025, with a gross revenue of $19.80 million and a net profit of $8.84 million. The company increased its cash reserves and working capital significantly, driven by stable gold production and sales at record prices. The Selinsing Gold Mine continues to be a key asset, and plans are underway to extend its mine life through drilling programs. Additionally, the Murchison Project is being assessed for a potential production restart, which could provide a second source of cash flow as gold prices rise.

More about Monument Mining

Monument Mining Limited is a company operating in the mining industry, primarily focused on gold production. Its main operations include the Selinsing Gold Mine, and it is also involved in the Murchison Project, which is under review for potential production restart.

YTD Price Performance: 27.59%

Average Trading Volume: 315,137

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$121.5M

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