- Monument Mining (TSXV:MMY) has shipped the first gold concentrate from the flotation plant at its Selinsing Gold Mine in Malaysia
- The initial order is for an offtake of 2,000 dry metric tonnes of concentrate
- The order restores the Vancouver-based mineral explorer’s operating cashflow
- Monument Mining (MMY) is unchanged, trading at $0.085 at 11:53 a.m. ET
Monument Mining (TSXV:MMY) has shipped the first gold concentrate from the flotation plant at its Selinsing Gold Mine in Malaysia.
The Vancouver-based mineral explorer’s initial order is for an offtake of 2,000 dry metric tonnes of concentrate.
The order restores the company’s operating cashflow and marks its first gold concentrate revenue stream.
Management is currently in discussions with further potential buyers for the gold concentrate the company is producing at the flotation plant.
An additional 3,000 dry metric tonnes of concentrate is currently available for sale.
“This is a momentous occasion for us as we begin to ship and sell gold concentrates from the flotation plant. The initial offtake of 2,000 dry metric tonnes of concentrate from Selinsing marks the beginning of a gold concentrate revenue stream and restores our operating cash flow,” president and CEO Cathy Zhai said in a statement.
“We would like to give thanks to our hard-working operation teams, backroom administration support personnel and our business partners to make this happen.”
The company also took delivery of a new grade control drilling rig this month and has a total of nine currently operating, with a 10th unit scheduled for delivery in August.
Monument Mining (MMY) is unchanged, trading at $0.085 at 11:53 a.m. ET.
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