Monument's Gold Mine Updates: Stability and Growth in the Mining Sector

In the dynamic world of investing, preferences vary greatly. Some investors are drawn to the thrill of options and risky stocks, while others, like myself, appreciate the stability and predictability of "boring but lucrative" investments. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) recently announced updates at the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in Western Australia, offering insights into the company's commitment to steady growth and operational excellence.

Monument's Selinsing Gold Mine has been a cornerstone of the company's portfolio, consistently producing gold since 2010. The mine's recent progress updates highlight the Company's dedication to optimizing its operations and maximizing shareholder value. The installation of a bigger capacity filter press, scheduled for early January 2025, is expected to significantly enhance the mine's gold concentrate production rate. This upgrade, along with improvements in the flotation circuit, such as the addition of soda ash and lead nitrate, should lead to a substantial increase in Selinsing's gold concentrate production rate, contributing to the mine's overall profitability and cash flow.

The new filter press is designed to enhance Selinsing's gold recovery rates, with the potential to increase them by 5-10% upon successful installation and optimization. Given the current reconciled recovery of 87.2% and peak rates of over 90% for fresh ores, this improvement could significantly boost the mine's overall profitability. The bigger capacity filter press, along with associated new ancillary equipment, is expected to further boost recovery rates and reduce operational costs, enhancing Selinsing's overall profitability.



Monument's commitment to operational excellence is evident in its approach to the Murchison Gold Project in Western Australia. The Company has resumed development work at the project, demonstrating its confidence in the potential of this asset to contribute to its growth. As Monument continues to optimize its operations and explore new opportunities, investors can expect a steady and predictable performance from the Company.

In conclusion, Monument's recent updates at the Selinsing Gold Mine and Murchison Gold Project highlight the Company's focus on stability, predictability, and consistent growth. By investing in operational excellence and strategic acquisitions, Monument is well-positioned to deliver long-term value to its shareholders. As an investor who appreciates the value of "boring but lucrative" investments, I am confident that Monument's commitment to steady performance and reliable growth makes it an attractive option for those seeking a stable and predictable return on their investment.