Monument Announces Update at the Selinsing Gold Mine in Malaysia

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VANCOUVER, British Columbia, Jan. 18, 2024 (GLOBE NEWSWIRE) — Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce an update at Selinsing Gold Mine where the Company recently achieved commercial production of its newly constructed flotation processing plant.

President and CEO Cathy Zhai commented, “We are very pleased with the continued progress and optimization of the Selinsing Sulphide gold flotation plant. The production is expected to be stabilized in the 2024 calendar year and cash flow sustained. Longer term off take contracts are in progress. Export permits continue to be renewed every six months with government support. Gold prices are above the $2,000 per ounce level in the new year which is in our favor.”