Monument Mining (TSE:MMY) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Monument Mining Limited has reported a robust third quarter in fiscal 2024, with a notable increase in gold concentrate production leading to a positive cash flow of $6.20 million, up from $1.35 million in the same quarter last year. The company produced 5,448 ounces of gold, realizing an average price of $2,097 per ounce, and achieved a significant reduction in cash cost per ounce to $882, demonstrating improved efficiency and profitability.
For further insights into TSE:MMY stock, check out TipRanks’ Stock Analysis page.