Monument Mining Limited

Notable vs. Peers

• Financials score of 10/10 is stronger than the peer average of 6.4/10.
• All-in sustaining cost of $1,421/oz is 28% lower than the peer producer average of $1,962/oz.

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · Reached, undated. Monument's own NI 43-101 technical report on the Selinsing Gold Mine and Buffalo Reef Project Expansion (2013-05-23, read directly via pdftotext this pass) states the mining leases were already in hand at acquisition, 16 months before Monument's own October 2008 construction decision: "on June 25, 2007, through its wholly-owned Malaysian subsidiary - Polar Potential Sdn. Bhd. - Monument Mining acquired 100% of the Selinsing property with two mining concessions (MC1/124 and ML 5/2000)", the project now being "comprised of 3 wholly owned mining leases: MC1/124, ML 7/2000, and ML 5/2000" totalling 125 hectares, with "Tenements granted to Monument Mining hav[ing] no encumbrances or liabilities with them at the time of this report." The leases are named and verifiable and demonstrably preceded the FID; the report does not state their original grant date (the ML 5/2000 and ML 7/2000 designations imply 2000, but that is a designation, not a sourced grant date), so achievedDate is left null. Same shape as the RND precedent (Task #430): named tenements demonstrably in force, grant date needing a registry lookup web sourcing cannot substitute for. Written under Task #692. · Source
2. Construction decision (FID)

   Reached — date not disclosed · Monument Mining (which acquired the Selinsing project in June 2007) made its construction decision on the project in October 2008, following a preliminary assessment report completed November 2007. Exact day not confirmed from available sourcing -- recorded reached-but-undated. · Source
3. Construction start

   Reached — date not disclosed · Following the October 2008 construction decision, oxide ore mining at Selinsing started in July 2009, ahead of the October 2009 first gold pour. No single dated 'construction start' release distinct from mining commencement was found; recorded reached-but-undated. · Source
4. First pour / production

   Reached — date not disclosed · Selinsing achieved first gold pour from the gravity circuit in October 2009; the carbon-in-leach circuit was completed in June 2010 and commercial production was declared in September 2010. Exact day within October 2009 not confirmed from available sourcing -- recorded reached-but-undated. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached with a clean single-asset story, but only month/year precision was found (no specific day): Monument's own original oxide-plant commercial production at the Selinsing Gold Mine (Pahang, Malaysia) was achieved effective September 2010 (press release dated 2010-09-20), continuously under Monument's own ownership since acquiring the project in 2007. Selinsing remains the same complex, same continuous owner, through a 2023 sulphide-plant addition (commercial production achieved 2023-09-22 for the NEW sulphide circuit specifically) -- matching the Sao Chico/Palito satellite-addition precedent (batch5), the later addition does not reset the original 2010 milestone. Left null rather than guess a specific day for the original threshold. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.