Monument Mining Ltd. (CVE:MMY)

Monument Mining Ltd. (CVE:MMY) Company Profile

Symbol(s): CVE:MMY, OTCMKTS:MMTMF
Industry: Gold Mining
Website: www.monumentmining.com
eMail: rcushing@monumentmining.com

Monument Mining Ltd. (CVE:MMY) is a Canadian Gold mining company. It’s a junior small producer mainly focused on exploration and development of mineral properties in Malaysia. The company has multiple properties including Selinsing (Sungai Koyan, Malaysia), Mengapur (Kuantan, Malaysia), Buffalo Reef (Kuala Lipis, Malaysia) and Famehub (Kuala Lipis, Malaysia).

Monument Mining Ltd. (CVE:MMY) has about 1 million ounces of gold reserves & resources. The company’s resources are currently being valued at US$3.958 per gold equivalent ounce, which in our opinion is very low compared to other gold mining companies. The company currently produces 40000 ounces of gold per year with the all-in sustaining costs of US$1000 per ounce.

Monument Mining Ltd. has US$20.91 million cash and US$0.14 million debt. The company has 325.37 million shares outstanding and as of September 01, 2020, had a market capitalization of US$24.73 million. The stocks of Monument Mining Ltd. trade on the Toronto TSX Ventures Stock Exchange and the Over-the-Counter Exchange.