Canada's Monument Mining Q2 net income jumps on strong gold sales
Overview
Canada gold producer's Q2 FY 2026 net income rose significantly yr/yr
Company's Q2 FY 2026 gross margin increased 173% compared to last year
Company's cash reserves increased by C$19.81 mln, supporting future growth
Outlook
Company continues exploration drilling at Selinsing and infrastructure planning in Western Australia prioritized for potential mine expansion
Company did not provide specific revenue or EPS guidance
Result Drivers
GOLD PRODUCTION AND SALES - Increased gold production and sales at Selinsing Gold Mine, along with favorable gold prices, drove strong cash flow and financial performance
CASH RESERVES - Cash reserves increased by C$19.81 mln to C$82.65 mln, providing liquidity for future growth
Company press release: ID:nGNXkm3bs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $49.23 mln |
|
Q2 Gross Revenue |
| $49.23 mln |
|
Q2 Net Income |
| $20.16 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Monument Mining Ltd is C$1.92, about 56.1% above its February 27 closing price of C$1.23
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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