As the holiday season approaches, we hope this message finds you in good health and high spirits.
2024 has been an exceptional year for Monument Mining with our operation results flourishing from our strategy and years of effort including restructure of mineral portfolios and Selinsing flotation project development. Blessed by the gold prices at historical high, we achieved steady gold production, positive net earnings, and a robust increase in both cash balance and working capital. Our share price picked up from 0.14 to 0.285.
We fully acknowledge that geopolitical tensions continuously contribute to market volatility, which attracts investment in gold for higher margin; on the other hand, the challenge of depleting gold resource and reserves makes gold inventories more expensive and harder to compete for. Necessitating has increased, when the mine starts depletion, for near mine exploration, expansion and development of new projects to meet the sustainability of gold production and growth of the Company’s market value.
With our operations now on a sustainable path and capitalizing on the current near-record high gold prices we are poised to advance our corporate development initiatives in 2025 for new projects, near mine exploration at Selinsing, potential restart of production at the Murchison Gold Project, and building the market awareness of Monument.
We extend our heartfelt blessings to you this holiday season, wishing you a Merry Christmas and a prosperous New Year in 2025. We are deeply grateful for your unwavering support.
Warm regards,
Cathy Zhai
President & CEO, Monument Mining Limited
ODY Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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