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

By Reuters News


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:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

$165.7 mln

FY Basic EPS

$0.20


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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.)

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