Skip to content
Master Your Financial Future — Master Your Money — Explore Local Housing Market — Understand Your Financial Future

Monument Mining's gold expansion drives 45% stock surge and debt-free growth

A bold drilling push at Buffalo Reef and Felda sends Monument's shares skyrocketing. Can its Southeast Asia expansion unlock even richer gold reserves?

,   and  Administrator
1 min read
The image shows a graph depicting the official U.S. gold reserves and gold price from 1900 to 2008....
The image shows a graph depicting the official U.S. gold reserves and gold price from 1900 to 2008. The graph is accompanied by text that provides further information about the data.

Monument Mining's gold expansion drives 45% stock surge and debt-free growth

Monument Mining is advancing major exploration programs to grow its Selinsing gold mine in Malaysia. Its drilling efforts at Buffalo Reef and Felda have already boosted its stock market value by 45% since late 2024. The current drilling program at Buffalo Reef is set to finish by the end of March 2026, followed by Phases 1 and 2 of the Selinsing expansion drilling to uncover new mineral resources and extend the mine's operational life.

The Selinsing expansion is a key part of Monument Mining's future finance plans. Alongside this, the company is accelerating exploration in Southeast Asia and Australia to ensure stable long-term production. The Murchison gold project in Western Australia also plays a vital role in its growth strategy.

Since launching its exploration programs—Selinsing in late 2024 and the Perseverance project in early 2025—the company's stock market capitalisation has climbed to CAD 120 million. Its share price rose from CAD 0.35 to CAD 0.51, outperforming regional competitors like Lynas Rare Earths and Perseus Mining. This growth reflects stronger resource results at Selinsing.

Monument Mining remains debt-free and manages its cash carefully. By reinvesting profits into exploration, it aims 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. The company's focus on exploration and prudent financial management supports its long-term production goals. These steps are expected to further enhance its market position in the coming years.

Read also:

Related

Latest