Canada's Monument Mining FY revenue jumps on higher gold sales, prices

Overview

• Canada gold miner's fiscal 2026 revenue rose sharply on higher gold sales and prices

• Net earnings and EPS increased year-over-year, reflecting improved financial position

Outlook

• Company did not provide specific guidance for the current quarter or fiscal year in the press release

Result Drivers

• HIGHER GOLD PRICES AND SALES - Co attributed increased revenue and gross margin to higher gold sales volumes and stronger realized gold prices

• HIGHER MINING COSTS - Co said cash cost per ounce increased due to deeper mining, higher royalty rates and payments, partially offset by improved recovery rates

• EXPLORATION AND DEVELOPMENT - Extensive exploration and mine development at Selinsing targeted resource growth and mine life extension

Company press release: ID:nGNX5m9DwQ

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)