Monument Mining Reports Fiscal 2026 Revenue of $165.72 Million, Net Income Up

Monument Mining Limited announced its financial results for the fiscal year ended June 30, 2026, reporting a substantial increase in gross revenue to $165.72 million, up from $98.64 million in the prior year. Net earnings also saw a significant rise, reaching $68.80 million, or $0.20 per share, compared to $37.54 million, or $0.11 per share, in fiscal year 2025.

The company's financial position strengthened considerably during the fiscal year. Operating cash flow increased to $82.21 million from $48.65 million in the previous year. Cash reserves grew to $109.56 million from $45.94 million, and working capital improved to $122.86 million from $58.54 million.

President and CEO Cathy Zhai stated that fiscal year 2026 reinforced Monument's financial foundation, with the Selinsing mine continuing to generate substantial cash flow. The company's priorities are to sustain Selinsing production, accelerate exploration to extend mine life, advance the Murchison project toward a potential second cash flow source, and selectively deploy capital for growth and shareholder value.

Gold production for fiscal year 2026 totaled 44,942 ounces, an increase from 38,530 ounces in fiscal year 2025. The average realized gold price was $4,280 per ounce sold. The cash cost per ounce sold rose to $1,243, reflecting higher mining costs due to deeper operations, increased royalty rates, and higher royalty payments corresponding to the higher gold price. All-in sustaining costs were $1,446 per ounce sold.