Monument Mining

What Monument Mining does

Monument Mining Limited is a Canadian-domiciled gold producer (TSX-V: MMY; FSE: D7Q1) founded in 2007, headquartered in Vancouver, and operating across two jurisdictions. The company wholly owns and operates the producing Selinsing Gold Mine in Pahang State, Malaysia, which runs a sulphide flotation plant with gravity and CIL processing circuits at a nameplate capacity of approximately 40,000 ounces of gold per year. Beyond Selinsing, Monument holds 100% of the Murchison Gold Project in Western Australia (currently in pre-production with infrastructure maintained for potential rapid restart), a 20% interest in the Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd, and a 70% interest in the Mengapur Polymetallic Project in Pahang State covering copper, iron, sulphuric acid, silver, and molybdenum in addition to gold. The headcount stood at 297 across Malaysia and Western Australia as of Q3 FY2026.

The technology base at Selinsing is anchored by sulphide flotation with an integrated gravity circuit and CIL train, supported by a new filter press (deployed in FY2026 to resolve an ore-processing bottleneck) and a Computerized Maintenance Management System implemented in Q3 FY2026. Recovery rates improved to 92.49% in Q2 FY2026 from 86.09% in Q2 FY2025, and tailings capacity is being extended via TSF Stage 7 detailed design (+1.5 million tonnes, ~20 months of discharge). Gold production in YTD FY2026 reached 23,340 ounces versus 16,672 ounces in the prior-year period, a ~40% increase.

The business model is a commodity sales model: Monument produces gold concentrate at Selinsing and sells it directly to refiners and global commodity markets at prevailing market prices (London PM Fix), with no long-term offtake contracts. Q2 FY2026 generated US$49.23M gross revenue from 13,725 oz sold at US$4,197/oz and Q3 FY2026 generated US$47.04M from 10,478 oz at US$5,166/oz, producing YTD FY2026 revenue of US$128.67M, cash costs of US$1,288–US$1,390/oz, AISC of US$1,421–US$1,583/oz, and YTD net profit of US$53.31M (US$0.15/share). Cash and term deposits rose to US$101.76M at March 2026 from US$45.94M at June 2025, leaving the balance sheet well capitalized for Murchison development, Mengapur advancement, and resource expansion drilling at Buffalo Reef.

Name

Monument Mining

Legal name

Monument Mining Limited

Website

https://monumentmining.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

Monument Mining Limited is a Canadian gold producer that owns and operates the producing Selinsing Gold Mine in Malaysia and is developing the Murchison Gold Project in Western Australia, selling gold concentrate at prevailing market prices to refiners.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Gold mining production
• Gold concentrate processing
• Mineral resource development
• Precious metals extraction
• Mining operations management

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Gold Concentrate Sales: Monument Mining generates revenue through the production and sale of gold concentrate from its wholly-owned Selinsing Gold Mine in Malaysia. Gold is processed through sulphide flotation plant and sold at market prices. Q2 FY2026: 13,725 ounces sold at average realized price of $4,197/oz for gross revenue of $49.23 million. Q3 FY2026: 10,478 ounces sold at average realized price of $5,166/oz for gross revenue of $47.04 million.
2. Gold Production (Murchison Gold Project - Western Australia): The Murchison Gold Project in Western Australia is in development/preparation stage with processing plant and infrastructure maintained for potential rapid production restart. The company also holds 20% interest in the Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Monument Mining is an established gold producer that operates the wholly-owned Selinsing Gold Mine in Pahang State, Malaysia, producing and selling gold concentrate generated through sulphide flotation, gravity, and CIL processing circuits. The company also holds the Murchison Gold Project in Western Australia (development/pre-production stage), a 20% interest in the Tuckanarra Gold Project (joint venture with Odyssey Gold Ltd), and a 70% interest in the Mengapur Polymetallic Project in Malaysia. Gold concentrate is sold directly to refiners and commodity markets at market prices.

Product overview

Monument Mining is an established Canadian gold producer operating a portfolio of mining assets. The company 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in Western Australia, holds a 20% interest in the Tuckanarra Gold Project (jointly with Odyssey Gold Ltd), and owns 70% of the Mengapur Polymetallic Project in Malaysia. The company processes gold ore using sulphide flotation technology at Selinsing and is expanding exploration drilling programs to extend mine life.

Differentiator

Problem solved

Functional benefit

Products and services

• Selinsing Gold Mine 100% owned and operated gold mine located in Pahang State, Malaysia, producing gold through sulphide flotation processing with gravity and CIL circuits at a plant capacity target of approximately 40,000 ounces of gold per year. The mine includes open pit mining operations at Buffalo Reef and Felda Block 7, sulphide flotation plant, and tailings storage facility.
• Murchison Gold Project 100% owned gold project located in the Murchison area of Western Australia, currently in pre-production stage with regulatory compliance and mine infrastructure planning underway; processing plant, camp accommodation, catering, offices and associated infrastructure maintained for potential rapid production restart.
• Tuckanarra Gold Project 20% interest held jointly with Odyssey Gold Ltd in the Tuckanarra Gold Project located in the Murchison region of Western Australia, providing Monument with exposure to additional gold exploration and potential production.
• Mengapur Polymetallic Project 70% owned polymetallic project in Pahang State, Malaysia containing iron, copper, sulfuric acid, gold, silver, and molybdenum deposits, held through subsidiary Monument Mengapur Sdn. Bhd.

Quantifiable outcome

• Gold production of 23,340 oz in first half FY2026, 160-173% increase in gross margin year-over-year
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Odyssey Gold LtdminorStrategic or Co-development PartnerMonument Mining holds 20% interest in the Tuckanarra Gold Project, which is jointly owned with Odyssey Gold Ltd in the Murchison region of Western Australia. This partnership provides Monument with exposure to additional gold exploration and potential production in Western Australia's Murchison goldfields.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ramelius Resources: Australian mid-tier gold producer with multiple Western Australian operations; comparable production-scale band and ASX/TSX-listed profile, exercising the Western Australian regional growth thesis relevant to Murchison.
• Pantoro Limited: ASX-listed gold producer operating Norseman in Western Australia, with similar single-asset gold mining and processing technology focus; comparable scale and Western Australian regional proximity to Monument's Murchison.
• Westgold Resources: Western Australian mid-tier gold producer with multiple processing hubs (Murchison, Southern, Bryah); operates the same Murchison goldfields region as Monument's Murchison project.
• Tribune Resources: Western Australian gold producer with the Jaurdi Gold Project and broader exploration portfolio; a small-cap gold peer with multi-asset pipeline analogous to Monument's Selinsing-plus-development structure.
• Kingsrose Mining: Small-mid cap gold producer with operations in Indonesia and Norway; similar size, junior-producer status, and Southeast Asia operating exposure as Monument Mining.
• Medusa Mining: Mid-tier gold producer with Southeast Asian operations (Philippines) and a similar single/multi-mine geographic profile, comparable annual production scale, and exposure to Asian jurisdiction risk — directly analogous to Monument's Malaysia-centric model.
• Emerald Resources: Australian-listed gold producer operating the Okvau Gold Mine in Cambodia with regional exploration in Australia — directly comparable on Asia-Pacific single-mine-plus-pipeline structure and growth-stage profile.
• Capricorn Metals: ASX-listed Australian gold producer operating the Karlawinda Gold Project in Western Australia with similar single-mine gold producer profile and recovery-improvement growth narrative.

Broad incumbents

• Northern Star Resources: Major Australian gold producer operating iconic assets (Kalgoorlie Super Pit, Jundee, KCGM, Pogo); much larger than Monument but defines the incumbent path Monument is targeting as it scales Murchison into a multi-mine platform.
• Resolute Mining: Established Australian-listed gold producer with a multi-mine African portfolio (Ravenswood, Syama, Mako); a step larger than Monument but the most direct regional incumbent modelling what Monument aspires to as a 'mid-tier multi-mine producer'.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monument Mining