Monument Mining Limited

MMY.V

Gold · Basic Materials

Price

C$0.88

+0.04 (+4.76%)

Market Cap

C$304.7M

Exchange

Toronto Stock Exchange Ventures

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+7.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 322.8M (2021) → 347.4M (2025)

Monument Mining Limited is a Canadian gold mining company that digs gold out of the ground and sells it. Its main operation is the Selinsing Gold Mine in Malaysia, which has been producing gold for over a decade. The company also holds exploration assets in Malaysia and is developing the Murchison Gold Project in Western Australia.

Monument makes money by selling gold it mines, with revenue depending on how much gold it produces and what the gold price is on any given day. It operates primarily in Malaysia, with a smaller market capitalization around $300 million CAD, and its relatively low operating costs at Selinsing give it a decent profit margin compared to many small gold producers. The key growth driver is expanding production through its Australian project, but the main risks are falling gold prices, permitting delays, and the challenges of developing a new mine from scratch.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+133.1% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+335.1% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

19.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$102M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Monument Mining Limited is growing revenue at 133% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

61.1%

Premium pricing power — 61.1% gross margin

Operating Margin

60.0%

Excellent — 60.0% operating margin

ROCE

13.4%

Good — 13.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+117.4%

Fast-growing sales (+117.4% YoY)

EPS YoY

+212.0%

Earnings growing fast (+212.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion

118%

Turns 118% of profit into real cash

FCF Margin

47.3%

Converts sales into free cash efficiently (47.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

23619.28x

Comfortably covers interest (23619.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

4.0x

Attractive valuation — P/E 4.0

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

+0.8

GROWING

Earnings roughly flat

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Dividends

Dividend Yield

2.74%

Moderate income — 2.74% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

N/A

no trend

Data not available

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