Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) has released its financial results for the third quarter and first nine months of fiscal year 2026, ending March 31, 2026. The company reported gross revenue of US$47.04 million and a cash cost of US$1,390 per ounce of gold sold.
Financial Highlights
For the third quarter of fiscal 2026, Monument Mining achieved a net profit of $22.65 million, or $0.07 per share, compared to $4.86 million ($0.01 per share) in the same period last year. Year-to-date net profit reached $53.31 million, or $0.15 per share. Gross margin for the quarter was $32.47 million, a 160% increase from $12.51 million in Q3 FY2025.
The company's cash and cash equivalents stood at $11.16 million, with short-term investments in term deposits totaling $90.60 million, bringing total liquidity to $101.76 million. Working capital increased to $108.85 million, up from $58.54 million at the end of June 2025.
Production and Sales Performance
Gold production during the quarter reached 11,700 ounces, up from 9,543 ounces in Q3 FY2025. The company sold 10,478 ounces of gold at a record average realized price of $5,166 per ounce, generating gross revenue of $47.04 million, compared to 8,399 ounces sold at $2,945 per ounce for $19.85 million in the prior year's quarter.
Cash cost per ounce sold was $1,390, reflecting higher royalty expenses and government fees associated with the elevated gold price. All-in sustaining cost (AISC) was $1,583 per ounce, compared to $1,366 in Q3 FY2025.
CEO Commentary
President and CEO Cathy Zhai expressed satisfaction with the results, noting that the Selinsing Gold Mine in Malaysia continues to deliver favorable production outcomes. "We are very pleased that the Company has reached a net profit of $22.65 million during Q3, bringing year-to-date net profit to $53.31 million," she said. "The high gold price and strong production have boosted our cash and short-term investments to $101.76 million, supporting our growth initiatives."
Ms. Zhai also highlighted the company's capital allocation strategy, which focuses on long-term shareholder value through disciplined investment in core assets. Exploration drilling at Selinsing has demonstrated resource expansion and mine life extension potential, while at Murchison, the company is advancing regulatory, technical, and development planning activities, including evaluation of processing plant alternatives.
Dividend and Recognition
In January 2026, Monument issued its first special dividend to shareholders, reflecting appreciation for their support and commitment to delivering returns. Additionally, on February 18, 2026, the company was recognized as one of the top-performing companies on the TSX Venture Exchange for 2025, earning a place on the 2026 TSX Venture 50 list.
Outlook
The company continues to focus on exploration and development activities to support future growth. Extensive drilling at Selinsing during Q3 FY2026 has bolstered resource growth potential and mine life extension opportunities. Management believes these initiatives provide attractive opportunities to maximize project value and deliver long-term shareholder returns.
