Canada's Monument Mining Q3 net income, revenue surge on higher gold prices

Monument Mining

01/06/2026 22:59

Overview
Canada gold producer's Q3 revenue and net income surged yr/yr on higher gold prices, production
Company issued first special dividend in January 2026
Cash reserves and working capital increased sharply compared to prior year

Outlook
Company did not provide specific financial or production guidance for upcoming quarters or full year

Result Drivers
HIGHER GOLD PRICES - Record average realized gold price of $5,166/oz drove revenue and margin gains
INCREASED PRODUCTION AND RECOVERY - Higher ore processed and improved recovery rates boosted gold output
HIGHER OPERATING COSTS - Increased royalty rates, currency effects, and new taxes raised cash costs

Company press release: ID:nGNX5P5hdr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$47.04 mln
 
Q3 Gross Revenue
 
$47.04 mln
 
Q3 Net Income
 
$22.65 mln
 
Q3 Basic EPS
 
$0.07
 

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$2.10, about 133.3% above its May 29 closing price of C$0.90

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)