VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) — Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its financial results for the three months ended September 30, 2024 (“Q1 FY 2025”). All amounts are in United States dollars unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, “Q1 FY 2025 continuously delivered stable production and positive cash flow. The cash reserves increased by $9.68 million to $17.88 million, which lays a foundation for corporate development and business growth. The work has initiated in assessment of resources and drilling targets for opportunities of life of mine expiation at Selinsing, and studying economics at the Murchison Gold Project for secondary cash generation potential, considering the high gold prices.”
First Quarter Highlights:
- $17.88 million cash on hand,…
