Monument Mining Continues to Keep Tight Control over Covid-19 Pandemic
November 10 2020 - 7:03PM
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) announces that the Company continues to keep tight
control over the second wave of the Covid-19 pandemic in the
different regions it operates.
The second wave of coronavirus is hitting much
of the world as the weather cools and activities move indoors. New
cases of coronavirus infections have significantly increased in
many countries including Canada and Malaysia where Monument
operates among other countries and regions such as the United
States, Europe, India, Brazil and Russia. This re-enforces more
restricted measures to be in place.
CEO and President Cathy Zhai said: “As the
second wave of the Covid-19 continues to grow around the world, and
the extent and duration of the impacts from COVID-19 remain
unclear, we are working hard to provide effective procedures across
all our operations for the continued health and safety of all
employees. The business sustainability plan has been periodically
reviewed and adjusted to minimize production risk and the adverse
impact on our cash flows, earnings, operation results and financial
position.”
In Malaysia, the Conditional Control Movement
Order (CMCO) issued by the National Security Council in Malaysia,
covering a period of November 9 to December 6, 2020, bars
inter-district travel except for work and emergency purposes.
Notwithstanding the CMCO has no impact on Monument’s Selinsing Gold
Mine operations as its operation site is situated in Pahang state,
one of green zones exempt from CMCO with no current positive virus
cases reported. Selinsing has reviewed its safety protocols and
implemented a more restricted policy in controlling movements of
people coming from the CMCO areas to the mine site.
In British Columbia Canada, the second wave has
caused a rising number of new Covid-19 cases. The BC health
officials have added new regional Covid-19 restrictions which clamp
down on indoor and outdoor gatherings of any size with members
outside of your immediate household, and group physical activities
for a period of two weeks. As a precaution the Monument head office
has closed for the two weeks duration, during which employees work
from home as best practice in response to the health authority’s
announcement to reduce traveling between inter-health regions.
In Western Australia, the number of current
active coronavirus cases is currently very low at 10. This is
mainly due to strict travel restrictions put in place earlier this
year to enter Western Australia from other parts of Australia and
internationally.
About Monument
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 is advancing several exploration and
development projects including the Mengapur Copper-Iron Project, in
Pahang State of Malaysia, and the Murchison Gold Projects
comprising Burnakura, Gabanintha and Tuckanarra in the Murchison
area of Western Australia. The Company employs approximately 200
people in both regions and is committed to the highest standards of
environmental management, social responsibility, and health and
safety for its employees and neighboring communities.
Cathy Zhai, President and CEOMonument Mining
LimitedSuite 1580 -1100 Melville Street Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web
site at www.monumentmining.com or contact:
Richard
Cushing, MMY Vancouver |
T:
+1-604-638-1661 x102 rcushing@monumentmining.com |
"Neither 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."
Forward-Looking Statement
This news 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 with respect to its mineral projects and the timing
and results of proposed programs and events referred to in this
news release. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". The forward-looking statements in this news 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, without limitation:
risks related to general business, economic, competitive,
geopolitical and social uncertainties; uncertainties regarding the
results of current exploration activities; uncertainties in the
progress and timing of development activities; foreign operations
risks; other risks inherent in the mining industry and other risks
described in the management discussion and analysis of the Company
and the technical reports on the Company’s projects, all of which
are available under the profile of the Company on SEDAR at
www.sedar.com. Material factors and assumptions used to develop
forward-looking statements in this news release include:
expectations regarding the estimated cash cost per ounce of gold
production and the estimated cash flows which may be generated from
the operations, general economic factors and other factors that may
be beyond the control of Monument; assumptions and expectations
regarding the results of exploration on the Company’s projects;
assumptions regarding the future price of gold of other minerals;
the timing and amount of estimated future production; the expected
timing and results of development and exploration activities; costs
of future activities; capital and operating expenditures; success
of exploration activities; mining or processing issues; exchange
rates; and all of the factors and assumptions described in the
management discussion and analysis of the Company and the technical
reports on the Company’s projects, all of which are available under
the profile of the Company 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 intended. 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. Accordingly, 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.
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