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Monument Mining reported $68.80 million in net income for the year ended June 30, 2026, up from $37.54 million a year earlier. Revenue, gold production and cash reserves increased, while cash cost and all-in sustaining cost per ounce also rose. The company said Selinsing remains its main source of cash flow as it pursues exploration and advances its Murchison project.
Monument Mining Limited reported $68.80 million in net income for fiscal 2026, up from $37.54 million in the prior year, as higher gold production and realized prices lifted annual revenue. The Vancouver-based miner said its cash reserves rose to $109.56 million, while costs per ounce also increased as mining moved deeper and royalty payments grew.
For the year ended June 30, Monument recorded $165.72 million in gross revenue, compared with $98.64 million in fiscal 2025. It sold 45,010 ounces of gold at an average realized price of $4,280 an ounce, against 41,183 ounces at $2,947 an ounce a year earlier. Production reached 44,942 ounces, up from 38,530 ounces.
Gross margin from mining operations increased to $109.76 million from $65.11 million. Net income was $68.80 million, or $0.20 per share, compared with $37.54 million, or $0.11 per share. Cash flows provided by operations rose to $82.21 million from $48.65 million.
At June 30, the company reported $109.56 million in cash and short-term investments and working capital of $122.86 million. The reported cash and short-term investment total included $37.10 million in cash and equivalents and $72.46 million in term deposits with maturities from 90 to 270 days. Monument also said it paid a one-time special dividend of $5.04 million, or C$6.91 million, on Jan. 19, 2026.
Higher Earnings, Higher Unit Costs
The results show a stronger financial position alongside rising costs at Monument’s operating mine. Annual cash cost per ounce sold was $1,243, compared with $814 in fiscal 2025, and all-in sustaining cost was $1,446 an ounce, up from $1,093. The company attributed the increase to deeper mining, higher royalty rates and larger royalty payments per ounce as gold prices rose; increased recovery rates partly offset those pressures.
The combination matters to investors because revenue growth alone does not show how much it costs to produce and sustain output. Monument’s higher cash flow and working capital give it more reported financial resources, while cost increases bear on the economics of continued production. The release does not provide a forward earnings or production forecast.
For the fourth quarter, Selinsing produced 9,902 ounces and sold 9,581 ounces of gold in concentrate, generating $37.05 million in gross revenue. The realized price was $4,349 an ounce, below the cited London PM average of $4,506. The quarter’s cash cost was $1,433 an ounce and all-in sustaining cost was $1,898 an ounce.
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Selinsing Anchors Operations
Monument’s fiscal-year figures reflect operations at its Selinsing Gold Mine. In fiscal 2026, the company processed 941,525 tonnes of ore, compared with 786,241 tonnes a year earlier. The average mill feed grade was 1.66 grams per tonne, down from 1.79, while the processing recovery rate rose to 89.49% from 85.32%.
The fourth-quarter comparison with the same period of fiscal 2025 is mixed. Revenue was $37.05 million, below $39.63 million, even though the reported realized gold price rose to $4,349 an ounce from $3,368. Gold sold fell to 9,581 ounces from 14,527. The company’s release lists deeper mining and higher royalties among the reasons for higher unit costs.
Monument said it carried out extensive exploration drilling at Selinsing during the year to pursue resource growth and potential mine-life extensions. It also identified advancing Murchison toward a potential second source of cash flow as a priority. The company was named to the 2026 TSX Venture 50 list in February, which it described as recognition for its performance on the exchange during 2025.
“Fiscal 2026 strengthened Monument’s financial foundation while Selinsing continued to generate substantial cash flow.”
— Cathy Zhai, Monument president and CEO
Mine Life and Project Timing
The release does not state how much additional mine life Selinsing exploration could establish, when results from the drilling may be available, or what milestones remain before Murchison could become a producing asset. Monument describes Murchison as a potential second source of cash flow; the results do not establish when, or whether, it will contribute revenue.
The reported results also do not include a fiscal 2027 production, gold-price or cost forecast. The company says complete financial results are available through SEDAR, but the announcement does not detail how future gold prices, operating conditions or royalty costs could affect performance.
Exploration and Murchison Progress
Monument said it plans to sustain production at Selinsing and accelerate exploration aimed at extending the mine’s life. It also plans to advance Murchison toward possible development as another cash-flow source, while deploying capital selectively. The announcement does not give dates for the next exploration update or specific Murchison milestones.
Investors will be able to assess those priorities against subsequent operating and financial disclosures, including any updates on drilling results, production, unit costs and project progress.
Key Questions
How much did Monument earn in fiscal 2026?
Monument reported $68.80 million in net income, or $0.20 per share, for the year ended June 30, 2026. The comparable fiscal 2025 figures were $37.54 million and $0.11 per share.
How much gold did the company produce and sell?
Monument reported production of 44,942 ounces and sales of 45,010 ounces for fiscal 2026. The company said it realized an average $4,280 per ounce sold.
Did production costs rise?
Yes. Cash cost was $1,243 per ounce sold, up from $814 in fiscal 2025, and all-in sustaining cost rose to $1,446 from $1,093. Monument cited deeper mining and higher royalty rates and payments, with increased recovery rates partly offsetting the pressure.
What is Monument’s next stated priority?
The company said it aims to sustain production at Selinsing, pursue exploration to extend mine life and advance Murchison toward a potential second source of cash flow. It did not provide dates for the next milestones.
Source: primary
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