Monument Mining Limited
Monument Mining Limited is a Vancouver-headquartered gold producer that 100% owns and operates the Selinsing Gold Mine (150.3 sq km, Pahang State, Malaysia) and the earlier-stage Murchison Gold Project (232.6 sq km, Murchison region, Western Australia). Q2 FY2026 (quarter ended 31 Dec 2025) delivered gross revenue of US$49.23 million, gold production of 10,249 oz (23,340 oz for the six months), AISC of US$1,421/oz sold and cash cost of US$1,288/oz, with a 92.49% recovery rate. Cash on hand grew US$19.81 million over the quarter to US$82.65 million as at 31 Dec 2025. During the quarter the company reviewed historical resources at Murchison's Gabanintha and Burnakura deposits and began planning infill/extension drilling targets. President, CEO and Interim CFO is Cathy Zhai, CPA.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.5/10.
- All-in sustaining cost of $1,421/oz is 22% lower than the peer producer average of $1,811/oz.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
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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.
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 6 yrsSelinsing Gold Mine
Jurisdiction (40%)7/10
Selinsing mine in Pahang State, Malaysia -- a stable, established Southeast Asian mining jurisdiction with a long production track record for this operator; the company also holds the earlier-stage Murchison gold project in Western Australia (Tier-1).
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Selinsing Gold Mine.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Martabe (PT Agincourt Resources), 428 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
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 in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0/10
Nearest producing mine: Martabe (PT Agincourt Resources), 428 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:7/10
Malaysia: jurisdiction score 7/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, CEO and Interim CFO of Monument Mining Limited (Interim CFO since 29 Sep 2021).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No producer, specialist fund, or notable insider buying was found for Monument Mining. Management's own stake is small (the CEO holds around 2%), and available shareholder data shows no hedge fund or notable institutional presence. Checked thoroughly against live sources; there is simply no visible smart money on this register.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Monument Mining owns and operates the Selinsing gold mine in Pahang State, Malaysia, and owns the Murchison gold project in Western Australia, where the Burnakura plant is on care and maintenance while restart studies continue. Company-wide measured and indicated resources are 823,000 oz of gold (21,000 oz measured and 802,000 oz indicated) plus 438,000 oz inferred, combining Selinsing's 530,000 oz, inclusive of reserves, as of 31 March 2018 with Burnakura's 293,000 oz from July 2018. Selinsing has a base-case 6-year mine life on its present resources, and a replacement Selinsing resource estimate is targeted for around October 2026. In the quarter to 31 December 2025, Selinsing produced 10,249 oz of gold at an all-in sustaining cost of US$1,421/oz sold, with 92.49% recovery.