Monument Mining Limited announced operating and revenue results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported ore mined of 184,197 tonnes against 128,557 tonnes a year ago. Ore processed was 209,626 tonnes against 84,182 tonnes a year ago. Average mill feed grade 2.88 g/t against 5.25 g/t a year ago. Processing recovery rate was 89.1% against 95.3% a year ago. Gold recovery was 17,289 oz against 13,544 oz a year ago. Gold produced was 15,902 oz against 11,736 oz a year ago. Average realized gold price/ounce sold was $1,730 against $1,652 a year ago. Gold recovery increased 28%, mainly due to the increase in processing capacity as a result of the recent plant expansion. The benefit realized through the increase in tonnes processed was offset by a drop in feed grade and processing recovery rate. Both of these declines are expected in the mine plan and are driven by the transition from Oxide to Sulphide ore.

For the six months, the company reported ore mined of 285,851 tonnes against 253,293 tonnes a year ago. Ore processed was 434,268 tonnes against 170,525 tonnes a year ago. Average mill feed grade 2.41 g/t against 4.89 g/t a year ago. Processing recovery rate was 87.6% against 95.2% a year ago. Gold recovery was 29,530 oz against 25,500 oz a year ago. Gold produced was 26,808 oz against 23,582 oz a year ago. Average realized gold price/ounce sold was $1,692 against $1,680 a year ago. These increases in gold recovery and produced are also a result of the increased mill throughput offset by lower feed grade and recovery rate.

For the quarter, the company reported revenue of $19,640,000 against $21,084,000 a year ago.

For the six months, the company reported revenue of $40,445,000 against $35,514,000 a year ago.