Monument Mining (TSE:MMY) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Monument Mining Limited has reported a robust third quarter in fiscal 2024, with a notable increase in gold concentrate production leading to a positive cash flow of $6.20 million, up from $1.35 million in the same quarter last year. The company produced 5,448 ounces of gold, realizing an average price of $2,097 per ounce, and achieved a significant reduction in cash cost per ounce to $882, demonstrating improved efficiency and profitability.
For further insights into TSE:MMY stock, check out TipRanks’ Stock Analysis page.