tiprankstipranks
Trending News
More News >
Monument Mining Limited (TSE:MMY)
:MMY

Monument Mining (MMY) AI Stock Analysis

Compare
12 Followers

Top Page

TS

Monument Mining

(MMY)

Rating:81Outperform
Price Target:
C$0.50
▲(8.70%Upside)
Monument Mining's strong financial performance, attractive valuation, and positive corporate developments drive a high overall score. The neutral technical analysis tempers the outlook slightly, but the company's strategic moves and robust financial health suggest continued potential for growth.

Monument Mining (MMY) vs. iShares MSCI Canada ETF (EWC)

Monument Mining Business Overview & Revenue Model

Company DescriptionMonument Mining Limited operates as a gold producer and mining asset developer in Canada, Australia, and Malaysia. The company holds 100% interest in the Selinsing gold mine, including the Selinsing, Buffalo Reef, Felda Land, Peranggih, and Famehub projects that are located in Pahang State within the Central Gold Belt of Western Malaysia; and the Murchison gold project portfolio comprising the Burnakura, Tuckanarra, and Gabanintha projects, which are located in the Murchison region of Western Australia. The company is headquartered in Vancouver, Canada.
How the Company Makes MoneyMonument Mining generates revenue primarily through the extraction and sale of gold. The company's flagship asset, the Selinsing Gold Mine in Malaysia, serves as its primary source of gold production. The mine produces gold dore bars, which are subsequently refined and sold in the global precious metals market. Monument Mining's revenue model is heavily reliant on the market price of gold, which can fluctuate due to various economic and geopolitical factors. Additionally, the company may engage in strategic partnerships and joint ventures to enhance its exploration and production capabilities, thereby potentially increasing its earnings. Monument Mining also invests in exploration activities to discover new resources, which could contribute to future revenue streams.

Monument Mining Financial Statement Overview

Summary
Monument Mining demonstrates a strong turnaround with significant growth in revenue, profitability, and cash flow. The company's effective cost management and operational efficiency are evident in its high gross and net profit margins. Additionally, its low leverage and high equity ratio provide a stable financial foundation, although consistent profitability and cash flow management remain critical.
Income Statement
85
Very Positive
Monument Mining's income statement shows a strong recovery with robust growth across key metrics. The TTM (Trailing-Twelve-Months) results reflect a significant revenue increase, with a notable improvement in gross profit margin at 55.3% and a net profit margin at 26.1%. Revenue growth year-over-year is substantial, highlighting a positive trend in financial performance. EBIT and EBITDA margins are healthy, indicating effective cost management and operational efficiency. However, past volatility in net income suggests the need for continued focus on consistent profitability.
Balance Sheet
78
Positive
The balance sheet of Monument Mining is solid, with a very low debt-to-equity ratio of 0.001, indicating minimal leverage and financial risk. The equity ratio stands at 83.7%, reflecting a strong equity base relative to total assets. Return on Equity (ROE) is impressive at 14.3% for the TTM period, underscoring effective use of equity. The company's stability is reinforced by a substantial cash reserve, though the historical consistency of equity growth could be improved.
Cash Flow
82
Very Positive
Monument Mining exhibits strong cash flow performance with substantial growth in free cash flow, increasing from negative values in earlier years to a positive $18.2 million in the TTM period. The operating cash flow to net income ratio is 1.6, indicating efficient cash generation from operations. The free cash flow to net income ratio of 0.96 further supports strong cash conversion. Historical fluctuations in free cash flow highlight the importance of maintaining consistent cash flow management.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
72.68M51.42M12.39M14.44M23.24M29.97M
Gross Profit
40.20M24.83M1.75M629.00K8.10M12.94M
EBIT
10.92M13.68M-3.50M-5.10M1.77M4.72M
EBITDA
37.96M20.26M-1.81M-2.52M5.62M9.91M
Net Income Common Stockholders
18.96M6.44M-6.27M-6.50M-99.32M-275.00K
Balance SheetCash, Cash Equivalents and Short-Term Investments
22.77M10.86M5.67M20.74M38.31M9.82M
Total Assets
158.87M142.01M133.12M134.03M141.78M247.58M
Total Debt
130.00K168.00K298.00K299.00K90.00K107.00K
Net Debt
-22.64M-10.39M-5.37M-20.44M-38.22M-9.71M
Total Liabilities
25.86M20.87M18.94M13.59M14.90M21.16M
Stockholders Equity
133.01M121.14M114.19M120.44M126.88M226.42M
Cash FlowFree Cash Flow
18.20M4.33M-15.00M-17.54M-3.30M803.00K
Operating Cash Flow
30.35M14.38M118.00K-4.55M1.65M6.27M
Investing Cash Flow
-12.01M-9.37M-15.12M-12.99M26.87M-5.47M
Financing Cash Flow
-95.00K-117.00K-79.00K-43.00K-25.00K-19.00K

Monument Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.46
Price Trends
50DMA
0.45
Positive
100DMA
0.40
Positive
200DMA
0.32
Positive
Market Momentum
MACD
<0.01
Positive
RSI
49.80
Neutral
STOCH
58.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MMY, the sentiment is Positive. The current price of 0.46 is below the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.45, and above the 200-day MA of 0.32, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.80 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MMY.

Monument Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSMMY
81
Outperform
C$156.18M4.7318.07%122.19%
TSMJS
80
Outperform
C$161.61M11.239.39%36.47%42.27%
51
Neutral
C$107.83M-23.25%26.82%
51
Neutral
$2.01B-1.11-21.16%3.67%2.69%-30.65%
TSAU
50
Neutral
C$118.12M-6.09%34.61%
TSAMX
46
Neutral
C$183.62M118.75-1.27%-169.35%
38
Underperform
C$175.04M-9.41%-64.81%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:MMY
Monument Mining
0.46
0.31
206.67%
TSE:AMX
Amex Exploration
1.55
-0.18
-10.40%
TSE:AU
Aurion Resources
0.81
0.15
22.73%
TSE:STLR
Moneta Gold
0.89
-0.42
-32.06%
TSE:MJS
Majestic Gold
0.16
0.10
166.67%
TSE:NCAU
Newcore Gold
0.69
0.34
97.14%

Monument Mining Corporate Events

Business Operations and StrategyFinancial Disclosures
Monument Mining Reports Strong Q3 2025 Results with Record Gold Production
Positive
May 30, 2025

Monument Mining Limited reported strong financial results for the third quarter of fiscal 2025, with gross revenue of $19.85 million and a net profit of $4.86 million. The company achieved a record gold production of 9,543 ounces, aided by the successful commissioning of a new filter press at the Selinsing Gold Mine. Despite a delayed shipment due to a tariff war, cash reserves increased significantly to $29.54 million. The company also made progress at its Murchison project, advancing development plans and signing collaboration agreements with other gold exploration companies, which could enhance its processing capabilities and market positioning.

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.

Business Operations and Strategy
Monument Mining and Odyssey Gold Collaborate to Boost Gold Production
Positive
Apr 14, 2025

Monument Mining Limited has entered into a Memorandum of Understanding with Odyssey Gold Limited to process ore from the Tuckanarra Gold Project through Monument’s Burnakura Mill. This collaboration aims to enhance production potential, optimize resource exploration, and improve cash flow for both companies. The agreement supports Monument’s strategy to increase production capacity and utilize its mill more effectively, potentially expanding its production portfolio by integrating Tuckanarra’s resources. This partnership represents a strategic move to navigate challenges in the natural resource industry and accelerate capital returns.

Business Operations and Strategy
Monument Mining and Great Boulder Resources Collaborate on Ore Processing
Positive
Apr 2, 2025

Monument Mining Limited has entered into a Memorandum of Understanding with Great Boulder Resources to potentially process ore from Great Boulder’s Side Well Gold Project through Monument’s Burnakura Mill in Western Australia. This collaboration aims to optimize mining and ore processing by sharing technical expertise and conducting joint scoping studies, which could enhance Monument’s operational capabilities and provide Great Boulder with a viable ore treatment option.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.