Monument Announces the Retirement of its Founder Robert Baldock
February 11 2021 - 8:00AM
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or
the “Company” announces that Mr. Robert Baldock, the founder of
Monument, has decided to resign from the Chairman of the board of
directors, to pursue his retirement after 18 years of service with
the Company.
Ms. Cathy Zhai, the director, President and CEO
comments: “It’s with a mixture of sadness and gratitude that we
announce the retirement of our founder, Robert Baldock; his strong
leadership, his love to people and his dedication and talent to
stakeholders, and his many critical contributions to the formation
and development of the Company since inception will be greatly
missed.”
Ms. Zhai continued: “It will be different
without Mr. Baldock, however we will continue to carry on his
determination, vision and his persistence moving forward. On behalf
of the board and the Company, we wish him the best, and the
enjoyment of his retirement.”
Mr. Baldock joined Monument (formally “Moncoa”)
in 2002 and converted it into a mining business in 2007. As a
legacy, he steered it from the early beginning as a startup into
the junior gold producer it is today with assets over US$253
million, over 200 employees, and a mineral portfolio in Malaysia
and Western Australia including the Selinsing Gold Mine, which has
been in commercial production since 2010 and generated over US$434
million in revenue to date.
Mr. Baldock had a very long career as an
experienced mining executive and a qualified accountant with
decades of hands-on management of public and private corporations
across a wide range of industries, focused on the mining industry.
Mr. Baldock has previously, since 1998 been a Director and CEO of
the listed corporate entity that became Monument in 2007. He was
also President of the Golconda Group which included a controlled
subsidiary, Nevada Goldfields Corporation building several
operating gold mines in Nevada, USA. Mr. Baldock’s role with the
Golconda Group also included the role of Managing Director of
Duketon Exploration Limited which made a grass roots discovery of
the Duketon gold mine project in Western Australia, built the mine
and mill and operated the project.
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 205
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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