Monument Mining Limited
Stock Up 67% YoY, Still Trading at a Steep Discount
Published: 12/10/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Gold
Ticker Symbols:MMY.V - NEO 🔹MMTMF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.25 |
| Fair Value | CAD $0.59 |
| Risk | 4 |
| 52 Week Range | CAD $0.12-0.32 |
| Shares O/S (M) | 328 |
| Market Cap. (M) | CAD $82 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 3.3 |
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Report Highlights
This company is one of ⭐️ FRC's top picks ⭐️, reflecting its strong operational performance and potential for growth in the gold mining sector.
- In Q1-FY2025 (ended September 2024), MMY produced 8 Koz from its 100% owned Selinsing gold mine in Malaysia, up 11% YoY, but down 33% QoQ due to lower grades, missing our estimate by 11%.
- Despite lower grades, cash costs declined 1% QoQ and YoY to $837/oz, driven by operational efficiencies, beating our estimate of $890/oz.
- Revenue increased 4% QoQ and 180% YoY, exceeding our estimate by 2%, driven by higher gold prices. EBITDA and free cash flows improved significantly both QoQ and YoY.
