Monument Mining's gold expansion drives 45% market value surge in 2025
Monument Mining is advancing major exploration programs to grow its Selinsing gold mine in Malaysia. Drilling at Buffalo Reef and Felda has already boosted its market value by 45% since late 2024. The current drilling program at Buffalo Reef is set to finish by March 2026, followed by Phases 1 and 2 of the Selinsing expansion drilling to uncover new mineral resources and extend the mine's life.
The Selinsing expansion is a key part of Monument Mining's growth strategy, alongside exploration in Southeast Asia and Australia, including the Murchison gold project in Western Australia. Since launching its exploration programs—Selinsing in late 2024 and the Perseverance project in early 2025—the company's market capitalisation has climbed to CAD 120 million, with its share price rising from CAD 0.35 to CAD 0.51, outperforming regional finance stocks like Lynas Rare Earths and Perseus Mining.
Monument Mining remains debt-free and manages its cash carefully, reinvesting profits into exploration to strengthen its mineral resource base while maintaining disciplined production. A successful expansion at Selinsing could increase inferred mineral resources and prolong the mine's lifespan, supporting its long-term production goals and enhancing its market position in the coming years.
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