Monument Mining

Monument Mining says its subsidiary Monument Murchison convened the management meeting of the Tuckanarra joint venture because, according to Tuckanarra, Monument Murchison was stripped of the role of joint-venture manager for a contractual breach effective 25 August 2026. Tuckanarra then applied to the Supreme Court of Western Australia for an interim injunction to stop the meeting; both parties have agreed on interim arrangements and an expedited timetable to resolve the dispute. Monument stresses that any interim arrangements do not constitute an admission as to the validity of the removal and reserves its rights under the EJVA; Tuckanarra denies the allegations. » Más en finanzen.net

Monument increased revenue from gold production to $165.72 million for the fiscal year ended June 30, 2026 (2025: $98.64 million) and net profit to $68.80 million, or $0.20 per share (2025: $37.54 million, $0.11). Gold production rose to 44,942 ounces, while cash costs increased to $1,243 per sold ounce and AISC to $1,446 per ounce. Cash and short-term investments grew to $109.56 million and net working capital to $122.86 million; a one-time special dividend of $5.04 million was also paid. Management plans to maintain production at Selinsing, accelerate exploration to extend mine life and advance Murchison as a potential second cash-flow source. » Más en finanzen.net

Monument Mining recorded a Q3 net profit of 22.65 million USD (0.07 USD/share) and a year-to-date total of 53.31 million USD. The company produced 11,700 ounces of gold and sold 10,478 ounces at a record average price of 5,166 USD/ounce, which significantly increased gross margin and operating cash flow. Cash and short-term deposits amounted to 101.76 million USD as of March 31, 2026; a special dividend was paid in January 2026. Exploration drilling at Selinsing and progress on the Murchison project are expected to support resource expansion and future growth. » Más en finanzen.net