| | Publié le 01 juin 2012 | =E2??s 2012 Third Quarter Results |
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Monument�s 2012 Third
Quarter Results
Gross Revenue of $12.4
M from 7,301 Oz Gold Sales at Cash Cost $303/Oz
Release #11 - 2012
Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) �Monument�
or the �Company� today announces its third quarter financial results for the
period ended March 31, 2012. All amounts are in United States dollars unless
otherwise indicated (refer to www.sedar.com for Q3 full financial
results).
Third Quarter
Highlights include:
- Gold
production of 10,676 ounces at an average cash cost of $303 per ounce;
- Revenue
of $12.4 million generated from gold sales of 7,301 ounces;
- The
average realized price per ounce of gold sold was $1,698 compared to
$1,404 for the corresponding quarter in the previous fiscal year, an
increase of 21%;
- Net
operating income of $8.4 million or $0.04 per share compared to $10.3
million or $0.06 per share for the same quarter in fiscal 2011;
- In
February Monument closed its acquisition of a 70% interest in the Mengapur
Polymetalic Project located in Pahang State, Malaysia. The Acquisition was
closed using the Company's cash on hand.
President and CEO
Robert Baldock stated �The closing of the Mengapur Project acquisition
indicates that the Company has commenced a new exiting stage of development in
order to increase shareholders� value. While gold production continues
providing working capital for operations at the Selinsing gold mine and
supports the initiate drilling programs and geological studies on the Mengapur
Project, the Company is working on enhancement of its management team and
closing of the $70 million private placement to fund significant development of
the Mengapur Project.�
Production and Statistics
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Year ended
Jun 30, 2010
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Year ended
Jun 30, 2011
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Three months ended
Sep 30, 2011
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Three months ended
Dec 31, 2011
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Three months ended
Mar 31, 2012
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Nine months ended
Mar 31, 2012
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Mining
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Ore mined (tonnes)
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662,330
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740,909
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124,736
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128,557
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140,168
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393,461
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Waste removed (tonnes)
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2,326,502
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2,707,598
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719,080
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686,995
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744,914
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2,150,989
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Stripping ratio
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3.51
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3.65
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5.76
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5.34
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5.31
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5.47
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Ore stockpiled (tonnes)
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387,545
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773,432
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813,175
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859,011
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915,347
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915,347
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Processing
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Crushed ore (tonnes)
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274,786
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355,021
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84,993
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82,722
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83,833
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251,548
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Ore processed (tonnes)
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272,120
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351,999
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86,343
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84,182
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83,447
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253,972
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Average mill feed
grade (g/t)
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3.08
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4.31
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4.53
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5.25
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3.37
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4.40
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Processing recovery rate
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58.7%
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92.9%
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95.1%
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95.3%
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93.3%
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94.7%
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Financial Results
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Year ended
Jun 30, 2010
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Year ended
Jun 30, 2011
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Three months ended
Sep 30, 2011
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Three months ended
Dec 31, 2011
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Three months ended
Mar 31, 2012
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Nine months ended
Mar 31, 2012
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Gold produced (oz)
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13,793
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44,438
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11,846
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11,736
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10,676
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34,258
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Gold sold (oz)
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13,793
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40,438
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8,372
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12,765
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7,301
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28,438
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Revenue, ($000)
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$16,316
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$56,627
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$14,430
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$21,084
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$12,394
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$47,908
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Average realized
gold price ($/oz)
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$1,183
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$1,400
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$1,724
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$1,652
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$1,698
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$1,685
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Total cash cost ($/oz)
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216
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242
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297
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307
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303
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303
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Net operating income (loss), ($000)
or Income (loss) before other items
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$(2,635)
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$35,457
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$9,925
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$14,780
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$8,430
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$33,135
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Earnings per share (EPS) - basic
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$(0.02)
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$0.21
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$0.06
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$0.08
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$0.04
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$0.18
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Net income (loss), ($000)
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$(3,035)
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$32,392
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$11,176
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$26,709
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$8,116
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$46,001
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EPS, basic
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$(0.02)
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$0.19
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$0.06
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$0.15
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$0.04
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$0.25
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EPS, diluted
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$(0.02)
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$0.18
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$0.06
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$0.14
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$0.04
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$0.24
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The third quarter financial results show an increase in ore stockpiled to
915,347 tonnes from 859,011 tonnes at the end of the second quarter (December
31, 2011). The lower gold production was mainly due to the lower mill feed
grade and consequently a lower processing recovery rate. The production is
expected to pick up in the fourth quarter when the new primary ball mill is
commissioned and placed in use.
For the third quarter of fiscal 2012, the gold production from the Selinsing
Gold Project generated an income of $8,430,279 net of operating and corporate
expenses, or $0.04 per share, a decrease of $1,865,755 or $0.01 per share
compared to $10,296,034 or $0.06 per share in the corresponding period in
fiscal 2011. The unfavorable results were mainly due to less ounces of gold
sold partially offset by higher gold price.
Development
The Phase III gold plant expansion construction at the Selinsing Gold Mine is
approximately 83% complete on schedule as of March 31, 2012, and is progressing
as planned targeting completion by June 2012.
During the nine month period ended March 31 2012, exploration at those gold
mineral properties has produced a total of 8,356 drill metres, of which 4,566
drill metres were attributed to the third quarter. The faster drilling progress
in the third quarter reflected an increased productivity from the in-house
drill team as a result of coaching programs provided to the drillers in the
past half a year. The drilling program is aimed to convert the current inferred
gold resources at Selinsing and Buffalo Reef to NI 43-101 compliant measured
and indicated resource and increases the total resources on those properties to
support sustainable gold production.
On February 21, 2012, upon receipt of the TSX-V acceptance, the Company announced
that it has closed the acquisition of a 70% interest in the Mengapur
Polymetalic Project located in Pahang State, Malaysia; the private placement of
up to CAD$70 million for the Mengapur Project development is currently pending
the acceptance of the TSX-V and has also been successfully negotiated at more
favorable terms at a price of CAD$0.50 cents per unit with each unit comprising
a share and a half share purchase warrant, each full warrant being convertible
into a full share at an exercise price of CAD$0.70 within three years of
closing. All of the shares and warrants will be subject to a hold period
of three years.
Please visit our website at www.monumentmining.com for more information.
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 910- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1
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Monument Mining Limited
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PRODUCTEUR |
CODE : MMY.V |
ISIN : CA61531Y1051 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Monument Mining est une société de production minière d'or basée au Canada. Son principal projet en production est SELINSING en Malaisie et ses principaux projets en exploration sont MENGAPUR et BUFFALO REEF en Malaisie. Monument Mining est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 48,4 millions CA$ (38,7 millions US$, 33,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 21 janvier 2011 à 0,74 CA$, et son plus bas niveau récent le 09 avril 2020 à 0,04 CA$. Monument Mining possède 322 720 000 actions en circulation. |
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