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Mines & Properties

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Selinsing Gold Mine

Gold Production

The Selinsing gold processing plant began full commercial production in September 2010. The current plant was built in 3 phases: Phase I- gravity circuit-first pour October 2009; Phase II- CIL circuit-commissioned August 2010; Phase III-capacity increase to 1m t/a-completed in June 2012. Total gold production from October 2009 through June 30, 2017 was 259,252 ounces, ore processed was 5,739,920 tonnes, and gross revenues were $358.7 million.

The Selinsing mine is transitioning from processing oxide ore to the preparation for sulphide gold production. The Snowden 2016 PFS revealed the Sulphide pre-treatment plant will require an estimated capital of $39.5 million, providing a $23.1 million NPV and 34.8% rate of return, with approximately 6 years life of mine through to 2023 without further ore discovery.

Selinsing Gold Mine Production Year ended June 30,
2010 2011 2012 2013 2014 2015 2016 2017
Ore mined (tonnes) 662,330 740,909 501,882 882,159 494,141 421,845 423,011 179,351
Ore processed (tonnes) 272,120 351,999 364,680 938,498 1,018,972 954,165 992,070 847,416
Average ore head grade (g/t Au) 3.08 4.31 4.24 2.07 1.31 1.45 0.88 0.8
Process recovery rate 58.70% 92.90% 93.70% 87.00% 75.87% 82.40% 67.4% 58.80%
Gold production(1) (ounces) 13,793 44,438 44,585 52,982 35,983 36,473 18,155 12,845
Gold sold (ounces) 13,793 40,438 36,938 57,905 37,670 36,500 23,150 12,700
Financial results  
Gold sales (US$'000) 16,316 56,627 61,709 91,277 48,583 44,838 23,595 15,719
Per ounce data  
Cash cost per ounce (US$/ounce) 216 242 306 400 613 587 606 936
Average spot gold price, US$/ounce 1,089 1,372 1,673 1,573 1,296 1,224 1,168 1,238
Average realized gold price(2), US$/ounce 1,183 1,400 1,671 1,576 1,290 1,228 1,157 1,238
  1.  Defined as good delivery gold bullion according to London Bullion Market Association ("LBMA"), net of gold doŕe in transit and refinery adjustment
  2.  Monument realized US$/oz for the year ended June 30, 2016 excludes 5,000oz settled on Gold Forward Sale

Monument Mining Limited AGM

To be held Friday December 15, 2017 at 9:00am (PST) To be held at Suite 1580, 1100 Melville Street, Vancouver, British Columbia, Canada


Notice of AGM of Shareholders & Management Information Circular

Supplemental Mailing Return Form

2017 Annual Report

Questions or requests for assistance regarding the Meeting may be directed to Laurel Hill Advisory Group, the Corporation's proxy solicitation agent, at 1-877-452-7184 FREE toll free (416-304-0211 collect) or by email at assistance@laurelhill.com