Canada's Monument Mining FY revenue jumps on higher gold sales, prices
Reuters2026/09/30 04:17
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
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
FY Revenue |
|
$165.7 mln |
|
FY Basic EPS |
|
$0.20 |
|
Reuters Recommended Reads
Sept 28 - Northern Star rejects Gold Fields' $27 billion bid to create world's No.2 gold miner
Sept 27 - Barrick Mining reaches deal with unions at Mali gold mine, easing strike threat
Sept 29 - Kazakhstan-focused miner Altyngold's H1 profit jumps on higher gold prices
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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