Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent en

Monument Mining Limited

Publié le 11 février 2009

Confirms Amended Plan for Gold Production from Phase I Gravity Plant Funded by Cash on Hand (Amendme

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
Mots clés associés :   Canada | Europe | K Street |
Dear 24h,
February 10,2009


10 February  2009


Release  # 2 - 2009

Monument Confirms Amended Plan for Gold Production from Phase I Gravity Plant Funded by Cash on Hand (Amendment)

Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") announces that it has completed its amended construction plan. Under this plan, mining is scheduled to commence in May 2009 and production of gold from the Phase I gravity plant commences in August 2009. The projected cost of Phase I is $10.0 Million less $2.40 Million spent to 31 December 2008 on the project leaving a balance to completion of Phase I of $7.6 Million which the Company has available from $11.4 Million cash on hand as at the date of this release.  

Phase II of construction is the completion of the CIL circuit and remainder of the plant costing an estimated $7.00 Million and is scheduled to be completed in parallel with the operation of Phase I allowing the second phase of commissioning to occur in December 2009. The Company has estimated that planned gold sales proceeds from the operation of the Phase I gravity section of the plant will enable completion of the full construction program and resultant full production capability with no debt and cash on hand. Total estimated cost of the completed plant is $17.0 Million.

On 31 October 2008 the Company announced (Release # 15-2008) that with receipt of government approval to construct the gold treatment plant, the Board of Directors had resolved to place its 100% Selinsing Gold Project ("Selinsing") into production.  Concurrently, the Board approved a CDN$17.0 million construction and development program with targeted commencement of production in Q2/Q3 calendar 2009 and full production in Q4 calendar 2009.

This production decision followed the announcement on 22 July 2008 that the Company had closed a $28.1 million private placement plus a $10.0 million convertible debenture credit facility for a combined gross total of $38.1 million. These funds were for construction and development of the entire project, expansion of its exploration programs, retirement of all debt and to pay general administrative expenses.

The Company announced on 23 December 2008, that failure of Lenders to supply the $10.0 million credit facility now required re-engineering of the Selinsing project into two phases to be able to achieve the commercial objectives and place the project into production. The company engaged its advisers and consultants to review managements plans, which included Snowden Mining Industry Consultants Pty Ltd ("Snowden") and Metallurgical Design.

Snowden Mining Industry Consultants Pty Ltd ("Snowden") were engaged to re-design the starter pit to be able to access higher than average grade gravity recoverable gold bearing material   contained in outcropping quartz vein structures. It is anticipated the material brought forward under this mine plan will fund the completion of the plant which is planned to be completed by December 2009. 

Frank Blanchfield MAusIMM, of Snowden Mining Industry Consultants Pty Ltd, whom is a qualified person under National Instrument 43-101 and responsible for the mine design and schedule of the Technical report entitled "Preliminary Assessment Selinsing Gold Project, Malaysia NI-43-101 Technical Report Project No. 5174 - Selinsing Resource Reserve Estimate November 2007", is overseeing the open-pit re-design and production of the mining technical information and mine production scheduling, related to the open-pit mining on behalf of Monument Mining Limited and has reviewed the contents of this news release in relation to these items.

Mike Kitney MAusIMM, of Metallurgical Design, whom is a qualified person under National Instrument 43-101 and responsible for the metallurgical recovery and process operating cost of the Technical report entitled "Preliminary Assessment Selinsing Gold Project, Malaysia NI-43-101 Technical Report Project No. 5174 - Selinsing Resource Reserve Estimate November 2007", is overseeing the gold process plant re-design and process flow and operating cost of the metallurgical technical information and gold recovery, related to the metallurgical aspects on behalf of Monument Mining Limited and has reviewed the contents of this news release in relation to these items.

Monument is targeting indicated resources totalling 205,000 ounces and inferred resources totalling 332,000 ounces of gold as reported by Snowden Mining Industry Consultants Pty Ltd ("Snowden") in the Technical Report entitled "Preliminary Assessment Selinsing Gold Project, Malaysia NI-43-101 Technical Report Project No. 5174 - Selinsing Resource Reserve Estimate November 2007". The report has a Mineral Resource classification scheme consistent with CIM guidelines (CIM 2004). The estimates have been categorized as Indicated and Inferred mineral resources and have been reported above a grade cut-off that is appropriate for a potentially bulk mineable deposit. At a cut-off grade of 0.75 g/t Au the currently defined Selinsing Indicated Mineral Resource is 3.63 million tonnes grading 1.76 Au for a total of 205,000 ounces of Au. At the same Au block cut-off grade, the currently defined Inferred Mineral Resource is 7.7 million tonnes grading 1.34 g/t Au for a total of 332,000 ounces of Au as filed on SEDAR.  Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Construction and development progress are on track and the Company is confident that it can meet the cost and timing estimates announced without debt, capital infusion or shareholder dilution.

Monument Mining Limited is an emerging Gold Producer exploring in the Malaysian Gold Belt in Pahang State, Malaysia. The Company is fast tracking gold production at its 100% owned Selinsing Gold Mine Project targeting production in Q3-2009 and is unhedged. Monument is strategically exploring gold resources at 100% owned Damar Buffalo Reef Prospect and expanding it land holdings.

Robert F. Baldock, President and CEO

Monument Mining Limited

Park Place, Suite 710, 666 Burrard Street

Vancouver B.C. Canada V6C 3P6

 For further information contact: 

North America:                                                      Europe:

Richard Cushing, Investor Relations                    Wolfgang Seybold, President, Axino AG

Office: 604.638.1661                                                 Office: +49.711.

Cell:     604.889.6563                                                         Fax:     +49.711.

E-mail: info@monumentmining.com                        E-mail: wolfgang.seybold@axino.de

Website: www.monumentmining.com                      Website: www.axino.de

  The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

Not for distribution to U.S. news wire services or dissemination in the United States.  The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information contained herein.  Certain disclosures in this release, including management's assessment of the Company's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such.

Forward-Looking Statement

This press release contains forward-looking statements about Monument Mining Limited ("Monument"), its business and future plans, including the contemplated phase I and phase II development plans resulting in the commencement of mining and gold production, and in respect of the dates and amounts projected for these two phases resulting in the plant construction, gold production, gold sales and costs of the Selinsing Project. Forward-looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to different materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, uncertainty to the actual cost of the gravity circuit and the estimated cash flows which may be generated from the gravity circuit, the risk that the Selinsing Project will not be completed successfully or in a timely manner, general economic factors and other factors that may be beyond the control of Monument. Forward-looking statements are based upon the beliefs, opinions and expectations of the management of Monument at the time they are made and Monument does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations or circumstances should change.



Copyright � 2007 Monument Mining Limited
. <
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Monument Mining Limited

ISIN : CA61531Y1051
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
de Marché
Projets & res.
de Presse
Profile actifs
Contactez 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 21,0 millions CA$ (16,4 millions US$, 14,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 21 janvier 2011 à 0,74 CA$, et son plus bas niveau récent le 16 mars 2018 à 0,06 CA$.

Monument Mining possède 322 720 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
Financements de Monument Mining Limited
07/03/2013Announces Closing of Second Tranche of Brokered Private Plac...
13/02/2013Announces Closing of First Tranche of Brokered Private Place...
17/10/2012Announces Private Placement
12/10/2011Announces Private Placement of up to $70=2C000=2C000
12/08/2010Closes $13.0 Million Financing
22/07/2008Closes $38.1 M Private Placement and Convertible Note Financ...
Attributions d'options de Monument Mining Limited
07/12/2010Grants 600,000 Stock Options to its Newly Appointed Director...
05/10/2010Grants Stock Options to its Directors and Officers
Nominations de Monument Mining Limited
08/01/2014Receives Notice of Nominations for Election of Directors
08/01/2014Receives Notice of Nominations for Election of Directors
28/10/2013Appoints Executive General Manager, Monument Malaysia Group
20/09/2012Appoints Chief Operating Officer
29/06/2012Appoints Gerald Ruth to Board
25/01/2012Grants Share Purchase Options to its Directors
21/12/2011Appoints Graham Dickson as Chairman of the Board
01/09/2010Appoints VP, Business Development
09/06/2010Grants 1,600,000 options to CHF investor relation firm
09/06/2010Engages CHF in Investor Relations and Updates $12 Million Fi...
30/06/2009Appoints New Director
17/12/2008Appoints New Directors and Names George Brazier Chairman of ...
25/08/2008Appoints General Manager and Mine Manager
20/06/2008Appoints AXINO AG to provide Investor Relation Services (Rev...
Rapports Financiers de Monument Mining Limited
29/11/2013Reports First Quarter Fiscal 2014 Results
30/05/2013Reports Third Quarter Fiscal 2013 Results
04/03/2013Reports Second Quarter Fiscal 2013 Results
30/11/2012Reports First Quarter of Fiscal 2013 Results
01/06/2012=E2??s 2012 Third Quarter Results
01/03/20122012 Second Quarter Results
05/01/2012=E2??s 2012 First Quarter Results
30/05/2011 2011 Third Quarter Results
09/05/2011 Third Quarter Production and Sales Results
01/03/2011 2011 Second Quarter Results
15/01/20112011 First Quarter Results
Projets de Monument Mining Limited
15/05/2013Central Australian Phosphate and Monument Mining to Establi...
01/05/2013s Its Interest In Central Australian Phosphate Limited
30/04/2013(Selinsing)s Selinsing and Buffalo Reef Resources
19/03/2013Abandons Earn=2DIn on Mersing Project
18/12/2012(Mengapur)Announces 2013 Plans for Mengapur Project
21/11/2012(Selinsing)Intercepts 3.84 g=2Ft Gold over 51 metres in Selinsing Drill...
26/10/2012Attending Singapore and German Resource Conferences
25/10/2012(Selinsing)to Vigorously Defend Opportunistic Claim Filed Against Seli...
09/10/2012(Mengapur)Signs Harmonization Agreement on Mengapur Project
26/03/2012(Selinsing)Exposes Gold Thieves at Selinsing Gold Mine
21/02/2012(Mengapur)Closes Acquisition of 70% of the Mengapur Polymetalic Projec...
02/02/2012(Mengapur)Receives Final Acceptance from the TSX=2DV to Close the Meng...
03/12/2011(Mengapur)Enters into Definitive Agreement for Acquisition of 70% of ...
15/09/2011Grows Gold Project Pipeline
26/07/2011(Selinsing)Releases Positive Drill Results from Selinsing Property in M...
22/07/2011(Selinsing)to Expand Tailings Storage Facility at Selinsing Gold Mine i...
01/06/2011(Mengapur)Agrees to Acquire a 70% interest in the Mengapur Polymetalic...
03/03/2011(Selinsing)to Increase Gold Production
01/11/2010(Selinsing)’s Selinsing Gold Mine Opening Ceremony in Malaysia
20/09/2010(Selinsing)Achieves Commercial Gold Production
21/02/2010(Selinsing)Starts Commissioning CIL Circuit While Gravity Circuit is in...
04/11/2009(Selinsing)Pours First Gold From Gravity Circuit
01/09/2009(Selinsing)Obtains Power Connection at the Selinsing Gold Project and
20/07/2009(Selinsing)Commences Open-Pit Mining at the Selinsing Gold Project
11/02/2009(Buffalo Reef)Confirms Amended Plan for Gold Production from Phase I Gravi...
02/02/2009(Buffalo Reef)Releases Drill Results, Selinsing Developments and Director’...
07/03/2008(Buffalo Reef)Releases Positive Drill Results?Phase II Program at Buffalo ...
04/03/2008(Buffalo Reef)Positive Drill Results?Phase II Program at Buffalo Reef
07/02/2008(Buffalo Reef)'s Phase I Drill Program Confirms Previous Drill Results on ...
Communiqués de Presse de Monument Mining Limited
11/07/2016Monument Announces Significant Intercepts Assay Results at N...
13/06/2016Monument Collects Judgment and Adds Peter Kestel Personally ...
31/05/2016Monument Reports Third Quarter Fiscal 2016 Results
30/05/2016Monument Reports Third Quarter Fiscal 2016 Results
09/05/2016Monument Announces Not to Proceed with Matala
02/05/2016Monument Withdraws Technical Disclosure regarding Matala Pro...
11/04/2016Monument Announces Significant Intercepts Assay Results at B...
24/03/2016Monument Comments on Unusual Trading Activity
23/03/2016Monument files NI43-101Technical Report for Resource Estimat...
22/03/2016Monument Files NI43-101 Technical Report for Resource Estima...
07/03/2016Monument Receives $500,000 Court Award Against Kesit Pty Ltd...
29/02/2016Monument Reports Second Quarter Fiscal 2016 Results
29/02/2016Monument Progresses and Mine Development and Exploration Pro...
30/11/2015Monument Reports First Quarter Fiscal 2016 Results
21/11/2015Monument Mining Announces Results of Annual General Meeting ...
30/09/2015Monument Commissions Intec Pilot Plant at Selinsing
30/09/2015Monument's Fiscal 2015 Results
28/09/2015Monument Progresses Mine Development at Burnakura Site
17/08/2015Monument Murchison Gold Project Update
12/08/2015Monument Files Amended Technical Report for Murchison Gold P...
31/07/2015Monument Litigation Update
28/05/2015Monument Reports Third Quarter Fiscal 2015 Results
02/04/2015Monument files NI43-101Technical Report for Resource Estimat...
02/04/2015Monument files NI43-101 Technical Report for Resource Estima...
23/03/2015Monument Mining Announces Results of Annual General Meeting ...
08/03/2015Monument Reports Second Quarter Fiscal 2015 Results
27/02/2015Monument Reports Second Quarter Fiscal 2015 Results
27/02/2015Monument Delays Start-up of Iron and Copper Project at Menga...
18/02/2015Monument Announces Mineral Resource on Alliance/New Alliance...
16/02/2015Monument Files Claim Against Summer Empire Sdn. Bhd. and Kes...
13/02/2015Monument Announces Adjournment of Shah Alam High Court Trial...
07/02/2015Monument Issues Shares for Intec Transaction
06/02/2015Monument Issues Shares for Intec Transaction
02/02/2015Monument Secures Intec License to Exploit Sulphide Gold and ...
21/01/2015Monument Update Selinsing Litigation
20/01/2015Monument Update Selinsing Litigation
19/01/2015Monument Announce RC Assay Results from Federal City Drillin...
23/12/2014Monument Announces Termination of Proposed Transaction with ...
01/12/2014Monument Reports First Quarter Fiscal 2015 Results - Gold Pr...
30/11/2014Monument Reports First Quarter Fiscal 2015 Results
18/11/2014Monument Receives Order to Extend Time for Holding Annual Ge...
18/11/2014Monument Announces Second Round of RC Assay Results at Murch...
18/11/2014Extension of Closing Date for Proposed Transaction, 189 KB
17/11/2014Monument Extends Closing Date of Proposed Transaction with G...
12/11/2014Monument Completes Tuckanarra Gold Project Acquisition in We...
08/11/2014Monument to Extend Time for Holding Annual General Meeting
27/10/2014Monument Extends Close Date of Tuckanurra Acquisition
20/10/2014Monument Updates Selinsing Litigation
06/10/2014Monument Updates Selinsing Litigation
30/09/2014Monument's Fiscal 2014 Results
28/01/2014Files Lawsuit Against GoldMet and George Molyviatis to enfor...
28/01/2014Files Lawsuit Against GoldMet and George Molyviatis to enfor...
20/01/2014Warns Shareholders to Be Wary of the Dissident Group Attempt...
23/05/2013(Selinsing)Files Technical Report for Selinsing and Buffalo Reef
01/05/2013Reports Third Quarter Gold Production of 13=2C255 Ounces
24/04/2013Confirms Indicative Non=2DBinding Conditional Proposal to ac...
15/04/2013(Buffalo Reef)Starts Mining and Processing Oxide Materials at Buffalo Reef
02/04/2013Announces Results of Annual General Meeting of Shareholders
13/03/2013President and CEO to Speak at Hong Kong Conference
07/03/2013Mails Information Circular
04/03/2013Provides Update on Litigation
28/02/2013Provides Corporate Update
22/02/2013Settles Legal Disagreement
21/02/2013Welcomes Support from Major Shareholder
08/02/2013Further Comments on GoldMet Disclosure
08/02/2013Comments on GoldMet Disclosure=3A No Agreement Reached
17/01/2013Provides Update to Shareholders
11/01/2013Reports Record Second Quarter Gold Production of 15=2C902 Ou...
17/12/2012Announces Private Placement of Up to $80 Million
17/12/2012Announces Private Placement of Up to $80 Million
17/12/2012Announces Private Placement of Up to $80 Million
30/11/2012Announces the Results of its Court Case Against Balendran Ch...
14/11/2012Has Engaged Mackie Research Capital Corporation as Financial...
10/11/2012to Extend Time for Holding Annual General Meeting
02/10/2012=E2??s 2012 Annual Results=3A Gross Revenue of $61.7 M with ...
24/08/2012(Mengapur)Confirms Historic Drilling Results at Mengapur Polymetalic P...
16/08/2012(Selinsing)Completed Selinsing Gold Plant Expansion
07/08/2012(Mengapur)Provides Updates on Mengapur Project and Private Placement
30/07/2012=E2??s 2012 Fourth Quarter Production Result
24/07/2012Received $12 Million through Exercise of Stock Purchase Warr...
19/06/2012and PLSB Working Together Harmonizing Oxide Magnetite Iron O...
14/05/2012=E2??s 2012 Third Quarter Production
09/05/2012Announces Senior Management Appointments
25/04/2012to Attend The INVEST 2012 Conference in Stuttgart
25/01/2012=E2??s 2012 Second Quarter Production
04/01/2012Announces Results of Annual and Special General Meeting of S...
20/12/2011Reminds Shareholders to Vote
16/12/2011(Mengapur)Discusses Mengapur Property Iron Ore Production Information
15/12/2011Provides Details of Annual General and Special Meeting
13/12/2011Annual General and Special Meeting Important Reminder
26/10/2011=E2??s 2012 First Quarter Production
29/09/2011=E2??s 2011 Annual Results
08/08/2011=E2??s 2011 Fourth Quarter Production and Sales Results
15/01/2010Fundamental Research Report Update #2
21/12/2009to Raise $12.0 M in Convertible Debenture and Forward Gold S...
18/09/2009to Issue Shares for Debt to Avocet Mining PLC
08/07/2009Moves to New Office
13/05/2009Releases Selinsing Gold Project Update
13/02/2009 Grants Stock Purchase Options to its Key Staff and Consulta...
24/12/2008Amends Selinsing Gold Project Construction Plan
24/09/2008Fundametal Initial Research Report
20/08/2008Announces TSXV’s Acceptance of its Ball Mill Acquisition fro...
15/08/2008Grants Stock Purchase Options to its Directors Officers unde...
08/08/2008Commences Action for Injunction and Damages
28/07/2008Closes Avocet Mill Transaction For Future Plant Upgrade
08/07/2008Acquires Package of Additional Adjacent Land - Update
20/06/2008Notice of Change of Business Address
26/05/2008Acquires Second Mill for Future Production Plant Upgrade
13/05/2008Monument Announces $38.0 M Capital Raising to Commence Plant...
21/01/2008Acquires Package of Additional Adjacent Land
25/10/2007 Q1 Project Development Update
13/09/2007Commences Exploration Program
Publication de commentaires terminée
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
CA$ 0,065
22/05 10:33 -
Cours préc. Ouverture
0,065 0,065
Bas haut
0,065 0,065
Année b/h Var. YTD
0,060 -  0,080 -%
52 sem. b/h var. 52 sem.
0,060 -  0,090 -23,53%
Volume var. 1 mois
1 000 -18,75%
24hGold TrendPower© : -40
Produit Gold
Recherche Copper - Gold - Silver
Interactive chart Add to compare
Imprimer Comparer Exporter
Dernière mise à jour le : 19/03/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
Variation annuelle
Graphique 5 ans
Graphique 3 mois
Graphique volume 3 mois
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
announces expected non-cash impairment
6,44 AU$+1,26%Trend Power :
Oceana Gold(Au)OGC.AX
3,32 AU$-1,48%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,38 AU$-1,03%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,14 CA$+3,70%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,52 CA$+0,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
2,18 US$+0,93%Trend Power :
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
Reduced Funding Requirement
2,49 GBX+1,22%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,23 CA$+0,00%Trend Power :
Closes Bridge Loan Financing
1,87 CA$+2,19%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
4,94 CA$-0,40%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,87 CA$+4,23%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,06 CA$+8,33%Trend Power :
Q A April 2017 Quarterly Report
0,20 AU$-2,50%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
0,42 US$-6,67%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
0,16 CA$-2,94%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
41,80 US$-1,25%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
2nd Quarter Report
0,13 AU$+0,00%Trend Power :