Monument announces the national Covid-19 recovery plan in
VANCOUVER, British Columbia, June 30, 2021 (GLOBE NEWSWIRE) – Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces that Malaysian authorities have released a stimulus package national, which establishes the criteria for the movement control order (“MCO”) to move from its first phase to the second phase when it has reached: (1) daily cases of Covid-19 below 4,000, ( 2) moderate occupancy of the intensive care unit beds and (3) 10% of the vaccinated population.
Based on the current reported level of daily Covid-19 cases in the country, MCO remains in the first phase where only essential services are allowed. The Selinsing gold mine will continue to operate at essential services level until Malaysia moves into the second phase of the MCO.
CEO and President Cathy Zhai said, “We are monitoring the situation closely. Meanwhile, our flotation work continues as planned from home offices by our technicians and outside Malaysia by the engineering company, including detailed flotation engineering design and construction works. supply. Mining will start immediately once the MCO is lifted for the mining sector. “
Monument will soon inform the market of the construction progress of the Selinsing flotation.
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that owns and operates the Selinsing gold mine in Malaysia. Its experienced management team is committed to growth and also advances the Murchison gold projects including Burnakura, Gabanintha and Tuckanarra JV (20% interest) in the Murchison region of Western Australia. The Company employs approximately 200 people in both regions and is committed to the highest standards in environmental management, social responsibility, health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Office 1580 -1100, rue Melville
Vancouver, BC V6E 4A6
FOR MORE INFORMATION, visit the company’s website at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: + 1-604-638-1661 x102 [email protected]
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes statements containing forward-looking information about Monument, its business and future plans (“forward-looking statements”). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company’s plans regarding its mining projects and the timing and results of the proposed programs and events mentioned. in this press release. Generally, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “expected”. , “Estimates”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or declares that certain actions, events or results “Could”, “could”, “could” or “will be taken”, “occur” or “be reached”. The forward-looking statements contained in this press release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, but are not limited to: risks relating to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of ongoing exploration activities; uncertainties in the progress and timing of development activities; risks associated with foreign operations; other risks inherent in the mining industry and other risks described in the Company’s MD&A and the Company’s technical reports on projects, all available under the Company’s profile on SEDAR at www.sedar.com. Important factors and assumptions used to develop forward-looking statements in this press release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows that may be generated from operations, general economic factors and other factors which may be beyond Monument’s control; assumptions and expectations regarding the results of exploration on the Company’s projects; assumptions about the future price of gold from other minerals; the timing and amount of estimated future production; the schedule and expected results of development and exploration activities; costs of future activities; capital and operating expenses; success of exploration activities; extraction or processing problems; exchange rate; and all factors and assumptions described in the Company’s MD&A and analysis and the Company’s project technical reports, all of which are available under the Company’s profile on SEDAR at www.sedar. com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or planned. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements except in accordance with applicable securities laws..