Tuesday, August 20, 2013
57,905 oz of Gold From Selinsing Mine of Pahang (Malaysia) in 2013 (149,871 Dinar)
For fiscal year of 2013, Monument Mining Ltd which owned and operated the Selinsing Gold Mine in state of Pahang, Malaysia sold 57,905 ounces of gold at an average realized price of $1,576 per ounce (Fiscal 2012 - $1,671/oz). Output since 2010 =13,793 oz, 2011 =44,438 oz., 2012= 44,585 oz.
Total 2010-2013= 155,798 oz (equal to 403,324 gold dinar or RM2.822 billion) at average price of RM700/dinar)
CEO Robert F.Baldock said Monument was a growing low cost producer in Malaysia and posted a revenue of USD 91.3 million (RM300.19 mil) with output of 52,982 ozs in 2013. He was attending the Asian Mining and Energy Investment 2013 Forum officiated by Natural Resources and Enviroment Minister G.Palanivel in Kuala Lumpur.
Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia, with production cash costs among the lowest in the world. Its experienced management team is committed to growth and is advancing several exploration and development projects in Malaysia, including the development stage, Mengapur Polymetalic Project. The Company employs 330 people in Malaysia and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
a. This 57,905 oz of gold can be minted into 164,694 gold dinar (4.25 gm/22 karat).
b. At RM700/dinar = RM115.2 million sold.