Neo Monument Mining (Seite 386)

[bigyawn]

Monument ready for Au plant conversion at Selinsing

2019-03-04 02:07 ET - News Release

Ms. Cathy Zhai reports
MONUMENT ANNOUNCES READINESS OF SELINSING GOLD PLANT CONVERSION
Monument Mining Ltd. is ready for gold plant conversion at the Selinsing gold mine in Malaysia, following up the recent positive feasibility study (Snowden, 2019 National Instrument 43-101 technical report, refer to the news release dated Feb. 1, 2019) that has established the economic viability of the Selinsing sulphide project for a six-year life of mine through the extension of the existing oxide plant to include flotation and Biox circuits for sulphide ore treatment.
General Manager Charlie Northfield commented, "Our operation team is excited to be moving forward with transition from Oxide Gold Production to Sulphide Gold Production at our Selinsing Gold Mine. Construction readiness is progressing well according to the Execution Plan. Our primary focus is to ensure that construction could start as soon as funding is available, and we could fast track construction and meet designed operation protocols while operation risks are well controlled."
Progress of Readiness Work
Readiness work includes procurement, workforce planning, design of the pilot plant for operator training and inoculum build-up, operation manual preparation and TSF development.
Procurement:
Technical and financial appraisal of critical flotation and BIOXtrademark equipment has continued subsequent to the Snowden 2019 Feasibility Study. Dialogue with potential equipment suppliers has enabled critical long lead equipment to be identified; these include the flotation cells, agitators, thickeners, blowers, cooling towers and pumps. Preparation of procurement documentation has been initiated on site to minimize any administrative delays.
Potential suppliers of steel plate and structural steel worldwide have been located and price comparisons are being compiled. Suitable fabrication workshops within Peninsular Malaysia have also been contacted.
Workforce :
The workforce planning and action plan has been submitted to the management for review and approval. Key positions have been identified for hiring. Metallurgical technicians are currently being trained for controlling the flotation process and bioleach process in terms of parameters and critical aspects of running flotation and BIOXtrademark plant, such as monitoring ORP (oxidation reduction potential), pH, DO (dissolved oxygen) and temperature. Scale-up commercial test work at the pilot plant is continuing as an aid to technician skills development.
Documentation:
Documentation control systems are being investigated to determine their suitability for implementation during the sulphide plant construction phase.
Scaled up testwork :
For training purpose, locally sourced bacteria are being used to test certain Buffalo Reef ore concentrates. The testwork to date shows encouraging results where CIL recovery was increased to 85% on post bioleach residue from 35%. The bacteria species used are similar to Outotec BIOXtrademark bacteria but not identical. Further concentrate from each individual ore type will be collected according to final flotation parameters for further bioleach testwork and other concentrate characteristics testwork through the pilot plant.
Tailings Storage Facility :
Detailed design of the expanded tailings storage facility was received from SRK Consulting in late 2018. Construction of the main embankment foundations has progressed well and the construction of finger drains overlying the existing downstream embankment was carried out according to the design. Engineered fill from Selinsing and Buffalo Reef pit cutbacks is hauled to the tailings storage facility and compacted to the specifications provided by SRK. Independent testing of the compacted fill is being conducted by a local geotechnical services company.
Current Open Pit Gold Mining Operations
Mining operation at Selinsing has been enhanced by recruitment of a new mining manager, who has over 20 years' experience in Australia and South East Asia. This is to facilitate a planned production transition from oxide to sulphide ore sources including the restart of open pit operations at Buffalo Reef. In the meantime the mining and processing of transition material from the Selinsing pits has continued with good recoveries achieved in the oxide plant.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is advancing several exploration and development projects including the Mengapur Copper-Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area of Western Australia. The Company employs approximately 195 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.

[morimori]

Earnings/(Loss) per share before other items – basic (US$/share) 0.00

[brettonwoods]

gerade neues interview mit cathy gefunden.

https://www.goldinvest.de/videos/video/341-interview-monumen…

zahlen sind aber noch nicht Thema

[freddy1989]

Antwort auf Beitrag Nr.: 59.978.692 von cashornocash am 27.02.19 17:47:12

Hier nochmal aktuelle Informationen

https://www.juniorminingnetwork.com/junior-miner-news/press-…

[bigyawn]

ORIGINAL: Monument Reports Second Quarter Fiscal 2019 Results

2019-02-28 02:45 ET - News Release

VANCOUVER, British Columbia, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its second quarter production and financial results for the three months ended December 31, 2018. 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 on second quarter fiscal 2019 financial results: “During the second quarter, we have successfully completed a Mineral Resource estimate at Mengapur and a feasibility study at the Selinsing Gold Mine subsequently. These accomplishments are significant to shareholders and potential investors as they demonstrate to the market the value being built over the last 10 years in our gold and copper portfolios in Malaysia. This opens our future for potential sustainable production and business development opportunities. I would like also to congratulate our team for their excellent performance and technical strengths that have been developed and accumulated over past 10 years.”
Second Quarter Highlights:
4,600oz of gold sold for gross revenue of $5.66 million (Q2 2018: 3,900oz of gold sold for gross revenue of $4.97 million);
4,653oz of gold produced (Q2 2018: 4,151oz);
Cash cost per ounce (“oz”) of $686/oz (Q2 2018: $805/oz);
Gross margin of $2.51 million (Q2 2018: $1.83 million);
A NI43-101 Technical Report completed at Mengapur that included a copper, gold and silver mineral resource estimation;
A NI43-101 Technical Report completed at Selinsing, subsequent to the second quarter, establishing economic viability for a six-year life of mine.
Second Quarter Production and Financial Highlights






Three months ended
December 31,
Six months ended
December 31,

2018

2017

2018

2017

Production




Ore mined (tonnes)
56,734

85,214

87,039

115,908

Ore processed (tonnes)
241,925

219,548

478,730

441,084

Average mill feed grade (g/t)
0.88

1.00

0.85

0.81

Processing recovery rate (%)
72%

72%

68%

69%

Gold production (1) (oz)
4,653

4,151

7,961

7,535

Gold sold (oz)
4,600

3,900

9,150

7,400






Financial (in thousands of US dollars)
$

$

$

$

Revenue
5,663

4,975

11,193

9,477

Gross margin from mining operations
2,509

1,834

5,230

3,018

Net income/(loss) before other items
768

(423)

1,873

(1,483)

Net income/(loss)
469

(1,820)

1,531

(3,326)

Cash flows generated from operations
1,078

922

1,844

2,896

Working capital
26,299

26,492

26,299

26,492






Earnings/(Loss) per share before other items – basic (US$/share)
0.00

(0.00)

0.01

(0.00)

Earnings/(Loss) per share – basic (US$/share)
0.00

(0.01)

0.00

(0.01)









Three months ended
December 31,
Six months ended
December 31,

2018

2017

2018

2017






Other
US$/oz

US$/oz

US$/oz

US$/oz

Average realized gold price per ounce sold
1,231

1,276

1,223

1,281






Cash cost per ounce (2)




Mining
161

153

150

165

Processing
441

551

414

623

Royalties
82

97

86

81

Operations, net of silver recovery
2

4

2

4

Total cash cost per ounce
686

805

652

873

(1) Defined as good delivery gold bullion according to London Bullion Market Association (“LBMA”), net of gold doŕe in transit and refinery adjustment.
(2) Total cash cost includes production costs such as mining, processing, tailing facility maintenance and camp administration, royalties, and operating costs such as storage, temporary mine production closure, community development cost and property fees, net of by-product credits. Cash cost excludes amortization, depletion, accretion expenses, capital costs, exploration costs and corporate administration costs.
Operation and Financial Results
Second quarter fiscal 2019 gold production was 4,653oz, a 12% increase compared to 4,151oz in the corresponding period of the previous year. Production included stockpiled super low-grade oxide ore, old tailing materials, and oxide ore from the production at Felda Block 7, Buffalo Reef, and Selinsing during the second quarter. The processing recovery rate was 72.2% compared to 70.0% for the same quarter last year. Ore processed was increased by 10% to 241,925t from 219,548t in the same period last year. The increased mill feed was mainly due an increase in the old tailings reclaim rate, offset by a lower crushing rate from repairs and heavy rainfall.
Net income for the second quarter was $0.47 million, or $0.00 per share (basic) compared to net loss of $1.82 million or ($0.01) per share (basic) in the same period last year. The increase in net income was mainly due to higher revenue with lower corporate expenses and foreign currency exchange loss and tax expense. Mining operations generated a gross margin of $2.51 million, an increase of 37% from $1.83 million in the same quarter last year, before non-cash amortization and depreciation. Net income for the six months ended December 31, 2018 was $1.53 million, or $0.00 per share (basic) compared to net loss of $3.33 million or ($0.01) per share (basic) in the same period last year. The increase in earnings was mainly due to higher income from mining operations, lower corporate expenses and decreased in foreign currency exchange loss. Mining operations generated a gross margin of $5.23 million, an increase of 73% from $3.02 million in the same period last year, before non-cash amortization and depreciation.
For the second quarter, total cash consumed was $0.91 million from $1.08 million generated from operations offset by $1.99 million invested for development at Selinsing including pre-stripping, tailings storage facilities upgrade and the Sulphide Project feasibility study, for exploration at Buffalo Reef and Peranggih, at Murchison for regional geological study, and at Mengapur for resource evaluation study and care and maintenance. In comparison, the second quarter last year generated total cash of $1.70 million from $0.92 million generated from operations, $2.00 million gold forward from financing activities, offset by $1.22 million used for investing activities. For the six months ended December 31, 2018, total cash consumed was $2.18 million from $1.84 million provided from operations, offset by $2.29 million used for investing activities on the Sulphide Project for Selinsing, tailings storage facility upgrades and pre-stripping, exploration at Buffalo Reef and Peranggih, the regional geology study for Burnakura, and resource study for the Mengapur Project. In comparison, the six-month period last year generated total cash of $4.31 million from $2.90 million from operations and $5.00 million from financing activities from a gold forward sale, offset by $2.29 million used for investing activities.
For the second quarter, changes in working capital items reduced cash from operating activities by ($0.92) million. The working capital reduction was primarily due to increased inventories and decrease in accounts payable and accrued liabilities. For the three months ended December 31, 2017, the $1.08 million working capital reduction was primarily due to timing of accounts receivables, reduction of inventories and decrease in accounts payable and accrued liabilities. For the six months ended December 31, 2018, changes in working capital items reduced cash from operating activities by ($2.39) million. The working capital reduction was primarily due to timing of accounts receivables and decrease in accounts payable and accrued liabilities. For the six months ended December 31, 2017, the $0.72 million working capital increase was primarily due to reduction of inventories, offset by timing of accounts receivables and prepaid expenses.
Development
Selinsing Gold Mine
During the second quarter, the Feasibility Study was being finalized for the Selinsing Gold Sulphide Project. The Snowden 2019 NI43-101 Report (titled “Selinsing Gold Sulphide Project - NI 43-101 Technical Report”), filed subsequent to the second quarter, has concluded economic viability of the Selinsing Gold Sulphide Project, covering mineral exploration, development, and production area of the Selinsing Gold Mine. The Feasibility Study has demonstrated an approximately six-year life of mine (LOM) with an NPV of $27.56 million based on reported oxide and sulphide ore reserves as of March 2018. Over the six-year LOM, a total 5.7 million tonnes of ore would be treated at an average grade of 1.45g/t for 223koz at a cost of $863.67 per ounce. At a gold price of $1,300 per ounce, the Selinsing Gold Mine Project would generate net cash flow after tax of $97.00 million from operations, or $45.00 million net of capital expenditure. Recommendations have been suggested to initiate further exploration programs, aimed on conversion of Inferred Mineral Resources to Indicated Mineral Resources.
During the second quarter, flotation and other testwork continued at an independent laboratory in Perth, WA and successfully achieved gold recoveries in excess of 90%, confirming the results achieved from the in-house laboratory at site. A draft detailed design of the tailings storage facility (“TSF”) expansion was issued by SRK Consulting. Construction of the new spring water management system was completed and preparation for the TSF main embankment construction proceeded with the use of some pre-stripping materials that reduces overburden.
The project team also continued to optimize costs for the sulphide plant upgrade including expected maintenance and reagent consumptions to lower operating cost estimates and sourcing local equipment to lower capital cost estimates.
Burnakura Project
Following the July 2018 updated mineral resource estimation at Burnakura, an initial economic assessment was completed during the second quarter assuming the underground mining potential and larger mill capacity to 500ktpa from 260ktpa by the management. Based on those assessments, the Company has re-strategized development of the Burnakura Gold Project. The planned gold production is postponed until completion of the PEA to include underground opportunities that would potentially allow for a better return on investment and reduction of operation risks. Focus during the second quarter has been on the update of geological data and identification of geological host structures suitable for target drilling with a view to increase gold inventories.
Mengapur
At the Mengapur Copper-Iron project geological and resource modelling work resumed in fiscal 2018. A NI43-101 Mineral Resource Estimation Technical Report was completed by Snowden and SEDAR filed in October 2018. A total of 39.5 Mt @ 0.43% Cu and 0.18 g/t Au of Indicated Mineral Resources, along with 50.9 Mt @ 0.44% Cu and 0.11 g/t Au of Inferred Mineral Resources, was reported above a 0.3% Cu cut-off grade. As copper prices rise, the Company intends to carry out follow-up work in fiscal 2019 to assess the opportunity for copper production.
Exploration Progress
Malaysia
Exploration activities during the second quarter comprised of regional exploration interpretation, a continuation of the soil sampling program, and refinements on diamond and RC drilling design. Regional exploration has continued targeting larger strategic development areas surrounding the Selinsing Gold Mine, aimed to test resource potential. The current target areas have been prioritized for sampling and assaying including additional sections at Peranggih and Panau. During the second quarter 140 primary samples collected at the Panau South. The access road to Panau East was then surveyed, repaired, and sampling was started at the end of the second quarter with 20 samples collected. The soil sampling results could lead to identifying further regional drilling targets.
Australia
A geological structural study was completed during the second quarter with updates to reflect new geological information for regional geology. Regional and localized drill targets have been identified and priority ranked at Burnakura and entire Murchison Gold Project for further investigation. Compilation of historical data was also carried out, to check any gaps in existing data including reports, drillhole database and geochemical data.
The Company has developed exploration milestones and strategy, preparing to commence exploration programs to test regional targets such as NOA 9, and deep underground potential targets at ANA, NOA 1 and NOA 2, and NOA 7/8 areas.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is advancing several exploration and development projects including the Mengapur Copper and Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area of Western Australia. The Company employs approximately 195 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver

T: [phone] x102

[e-mail]
Wolfgang Seybold, Axino GmbH

T: [phone]

[e-mail]
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward-Looking Statement
This news release includes statements containing forward-looking information about Monument, its business and future plans (“forward-looking statements”). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company’s plans with respect to its mineral projects and the timing and results of proposed programs and events referred to in this news release. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of development activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Material factors and assumptions used to develop forward-looking statements in this news release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations regarding the results of exploration on the Company’s projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated future production; the expected timing and results of development and exploration activities; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.


© 2019 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

https://www.sedar.com/CheckCode.do

[freddy1989]

Antwort auf Beitrag Nr.: 59.978.692 von cashornocash am 27.02.19 17:47:12

Er hat schon Genug Gehalt bekommen

Wenn er weg ist kann ein Neustart beginnen )

Man muss ja sagen selinsing hat er gut gemacht aber mit Mengapur Fehlgriff und Pech gehabt

[daltonjoe]

Der Esel muss zuerst das versenkte Geld von Veris zurückbezahlen

[cashornocash]

Antwort auf Beitrag Nr.: 59.970.499 von daltonjoe am 26.02.19 20:33:29

Baldock

Wenn baldock in Rente geht, dann bestimmt vorher mit einem aufhebungsvertrag und einer fetten Abfindung 😂

[freddy1989]

Antwort auf Beitrag Nr.: 59.970.658 von arnika am 26.02.19 20:52:38

wieso soll ich das rausfinden arnika

Damit du die Quelle wieder in zweifel ziehst ist doch egal wer das war

Macht das mal schön selber