As a result of a recently completed expansion, Selinsing
is now producing at a 60k+ oz-per-year clip with
cash costs ($347/oz average over the last four quarters).
And thanks to some aggressive exploration, Monument is
anticipating a huge resource expansion from the current
618k-oz count that should greatly extend the mining life.
Monument’s encore project is also something to behold.
About a two-hour drive from Selinsing is its massive Mengapur
deposit. MMY also snatched this project out of a distressed
situation, and it is currently aggressively drilling it in
order to prove up a large polymetallic deposit. Mengapur
has the potential to become one of Malaysia’s largest
mines, and I highly anticipate the results of its first compliant
resource estimate and follow-on economic assessment