Monument Mining
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.
- Company typePublic
- Founded2007
- HeadquartersVancouver, Canada
- Headcount251–500
- GTM typeB2B
- OfferingServices
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.
Monument Mining firmographics
Firmographics- 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
Monument Mining industry classification
Industry- 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
Where Monument Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Monument Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- 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.
- 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
Monument Mining product offering
Product offeringCore 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
Companies that use Monument Mining
Customer profileSegments1 record
Ideal customer profiles1 record
Monument Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Monument Mining partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Odyssey Gold LtdminorMonument 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
Monument Mining competitors and assessment
Company assessmentDirect 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
Monument Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monument Mining leadership team
Management profileNumber of profiles
Profiles8 records
Monument Mining subsidiaries and ownership
Company hierarchySubsidiaries3 records
Monument Mining funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monument Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Monument Mining
What does Monument Mining do?
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.
Is Monument Mining a public or private company?
Monument Mining is a public company. It is classified as public and is currently operating.
When was Monument Mining founded?
Monument Mining was founded in 2007. It employs 251 to 500 people.
Where is Monument Mining based?
Monument Mining is headquartered in Vancouver, Canada, in the North America region.
How does Monument Mining make money?
Two revenue lines are on record. Gold Concentrate Sales are the primary driver. The others are gold Production (Murchison Gold Project - Western Australia).
Who are Monument Mining's main competitors?
Direct peers on record are Ramelius Resources, Pantoro Limited, Westgold Resources, Tribune Resources, Kingsrose Mining, Medusa Mining, Emerald Resources and Capricorn Metals. Broad incumbents are Northern Star Resources and Resolute Mining.
Does Monument Mining have an API?
No public API is recorded for Monument Mining.
What industry is Monument Mining in?
Monument Mining's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAD, Precious Metals Ore Processing & Beneficiation. Its NAICS code is 21222 and its SIC code is 1040.