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Monument Mining Limited

MMY.V
87
Gold · Basic Materials
Price
C$1.05
+0.06 (+6.06%)
Market Cap
C$363.5M
Exchange
Toronto Stock Exchange Ventures
Winston Score
87
Winston is happy
An exceptional business — strong profitability, growth, and balance sheet.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Exceptional
Growth
Exceptional
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong
Dividends
Mixed

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)

Winston Score History

The full picture

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.

Growth Profile

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

Profit per sale
Gross Margin
61.1%
Premium pricing power — 61.1% gross margin
Profit after running costs
Operating Margin
60.0%
Excellent — 60.0% operating margin
Return on the money invested
ROCE
45.7%
Exceptional — 45.7% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+117.4%
Fast-growing sales (+117.4% YoY)
Profit growth
EPS YoY
+212.0%
Earnings growing fast (+212.0% YoY)

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

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
118%
Turns 118% of profit into real cash
Spare cash per sale
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

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
23619.28x
Comfortably covers interest (23619.3x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
3.5x
Attractive valuation — P/E 3.5

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

Cheaper or dearer next year
P/E vs Forward
+0.9
GROWING
Earnings roughly flat

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Dividends

Dividend
Dividend Yield
2.74%
Moderate income — 2.74% yield

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

Dividend record
Dividend Growth
N/A
no trend
Data not available

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