Latest news with #Oz
Politico
15 hours ago
- Entertainment
- Politico
The conversation begins
Presented by With help from Eli Okun and Bethany Irvine Good Sunday morning. This is Zack Stanton, struggling to believe it's already June. Get in touch. WHAT TRUMP IS POSTING: Last night, President Donald Trump shared a post on Truth Social from an account with 986 followers alleging that Joe Biden was 'executed in 2020,' and replaced with 'clones' and 'robotic engineered soulless mindless entities.' WHAT ERNST IS POSTING: At a town hall Friday, Sen. Joni Ernst (R-Iowa) was answering a question about cuts to Medicaid in the House GOP-passed reconciliation bill when an audience member interrupted her to shout that 'people will die' if because of the changes. Ernst replied that 'we all are going to die' — creating the sort of viral clip that travelled beyond the reaches of the internet to land on the front page of the Des Moines Register. (Watch the exchange, in case you missed it.) Now comes a sarcastic 'apology' video from Ernst. 'I made an incorrect assumption that everyone in the auditorium understood that yes, we are all going to perish from this earth,' Ernst said in a video she shared yesterday on Instagram — and which appears to have been filmed in a cemetery. 'So I apologize. And I'm really, really glad that I did not have to bring up the subject of the Tooth Fairy as well. But for those that would like to see eternal and everlasting life, I encourage you to embrace my lord and savior, Jesus Christ.' More from the Des Moines Register's Stephen Gruber-Miller Speaking of Medicaid … DRIVING THE DAY THE CONVERSATION: When it comes to the ways of Washington, Mehmet Oz is still a novice. That's a position at once new and familiar: Prior to entering politics, he was a famous doctor on TV and, before that, a celebrated heart surgeon in Manhattan. To put a fine point on it: It's been a long time since he's been a rookie in his chosen career. The thrill of the new: 'It is exhilarating to learn new things, especially if you think you can help,' Oz tells Playbook's Dasha Burns in the debut episode of 'The Conversation,' POLITICO's new Sunday show you can watch now on YouTube. Oz thinks he can help: That's partly why he took the job as administrator of the Centers for Medicare and Medicaid Services. 'No one wants to come work in government and do nothing,' he tells Dasha. 'Why would you take that job?' As in medicine, so too in government: Good intentions don't always lead to good outcomes. 'Sometimes, stuff breaks when you try to make a difference,' says Oz. 'I've told the team this multiple times: If we get everything right, we didn't take enough chances.' The stakes are incredibly high. Oz's remit puts him in charge of programs that provide health care for about half of all Americans. Were Medicare or Medicaid to 'break,' it could affect millions of lives. That's the fear voiced by critics of the reconciliation bill, which makes major changes to Medicaid. Opponents of the legislation cite the nonpartisan Congressional Budget Office estimate that 7.6 million people will go uninsured if the policy is enacted. It's not just Democrats: Sen. Josh Hawley (R-Mo.) torched the Medicaid provisions of the bill in a high-profile NYT op-ed a few weeks back. 'If Congress cuts funding for Medicaid benefits, Missouri workers and their children will lose their health care,' he wrote. 'And hospitals will close. It's that simple.' Oz has heard Hawley's critique. 'We're not cutting Medicaid,' Oz insists. 'There is no proposal I've seen … that doesn't increase spending on Medicaid. … We want to take care of folks who are not owning a big part of the economic pie of America. That stated, you have to make the system viable. I'm trying to protect — I'm trying to save Medicaid.' Singing from the same hymnal: 'There are no Medicaid cuts in the 'big beautiful bill,' we're not cutting Medicaid. What we're doing is strengthening the program,' Speaker Mike Johnson said this morning on NBC's 'Meet the Press.' 'We're reducing fraud, waste and abuse … What we're doing here is an important and frankly heroic thing, to preserve the program so that it doesn't become insolvent.' One such change: Oz sees new work requirements as a crucial step in that quest. 'I don't have to get a job. I just have to try to get a job,' Oz says. 'I can volunteer, or some other charitable endeavor. I go get an education or I can take care of someone in the household that needs me — a child. If you're willing to do any of those things, you can keep your health insurance.' Watch the full episode on YouTube: The criticism: On 'Meet the Press,' Sen. Raphael Warnock (D-Ga.) pushed back on that framing. 'I recently released a study in Georgia that shows that this work-reporting requirement — because that's what we're talking about: not work requirement, [a] work-reporting requirement — is very good at kicking people off of their health care,' Warnock said. 'It's not good at incentivizing work at all. There's something wrong here about this kind of view of poor people, of working-class people that somehow they don't want to go to work. We have seen this failed experiment in Georgia.' As some advocates raise concerns about the administrative effort that will result from the requirement — the paperwork, the processing, the verification — and the likelihood that will mean some Medicaid recipients will lose coverage at least for a time, Oz says CMS has the resources right now to handle that new workload. How Oz sees it: 'This is where I do think we have an obligation, all of us in government, to do a better job,' Oz says. 'If the reason not to do something that we all think we should do is we don't think we're capable or competent to do it, that's a problem.' As for the criticism directed his way … Oz says he can take it. 'At this point in my life, I'm mostly a thick skin with some hair on top.' Like and subscribe to 'The Conversation' on YouTube … or listen to the podcast SUNDAY BEST … — OMB Director Russ Vought on impoundment, on CNN's 'State of the Union': 'We're certainly not taking impoundment off the table. We're not in love with the law. It's a law that came after 200 years of precedent and history at the lowest moment of the executive branch. But even the very Impoundment Control Act — notice it's not called the Impoundment Elimination Act.' — World Food Programme Executive Director Cindy McCain on the Trump administration's false claims that no one has died from their foreign aid cuts, on ABC's 'This Week': 'I'm not going to even pretend to understand what's going on inside the U.S. government at this particular point. I know what I see on the ground, not just in Gaza but around the world. There's places like Sudan, the DRC Congo, other places — South Sudan, etc. — they're in just as much trouble as [Gaza]. We need to get aid in, in Gaza, and we need to get it in now to avoid this catastrophe.' — National Economic Council Director Kevin Hassett on trade deal negotiations, on 'This Week': 'I expected that we were going to probably see one perhaps as early as last week. And I think that one of the things that's happened is that the trade team has been focused 100 percent like a laser beam on the China matter to make sure that there are no supply disruptions, because these licenses are coming a little slower than we would like. And so we've been focused like a laser beam on that last week, and the presidents, we expect, will discuss the matter this week. Once that thing's resolved, then we're going to take deals into the Oval that [USTR] Jamieson Greer and [Commerce Secretary] Howard Lutnick had negotiated.' — Lutnick on the court ruling against Trump's tariffs, on 'Fox News Sunday': 'The president is going to win like he always does, but rest assured, tariffs are not going away. He has so many other authorities that even in the weird and unusual circumstance where this was taken away, we just bring on another or another or another. Congress has given this authority to the president, and he's going to use it.' — Treasury Secretary Scott Bessent on scheduling a conversation between Trump and Chinese President Xi Jinping, on CBS' 'Face the Nation': 'I believe we'll see something very soon.' TOP-EDS: A roundup of the week's must-read opinion pieces. 9 THINGS FOR YOUR RADAR 1. HOUSTON, WE HAVE A PROBLEM: Trump announced that he'll yank Jared Isaacman's nomination as NASA administrator, right before he was set to be confirmed by the Senate, as Semafor's Burgess Everett and Shelby Talcott scooped. The entrepreneur and Elon Musk ally was doomed by a loyalty test, as Trump decided to ax the nomination after finding out Isaacman had previously donated to Democrats, NYT's Jonathan Swan and colleagues report. 2. THE REMAKING OF GOVERNMENT: It's not just the big consultants. The Trump administration is now looking at lower-profile technology services contracts with the federal government for potential cuts, WSJ's Chip Cutter scooped. The GSA has asked Dell, CDW and other firms to make a case for why their contracts should be retained, as the administration eyes IT and other tech products for potential savings. The bureau: Director Kash Patel has begun to put his stamp on the FBI, from forced ousters and demotions to an intensive focus on immigration to polygraph tests to find leakers, NYT's Adam Goldman reports. The changes have unleashed 'fear and uncertainty' among employees that Patel and Deputy Director Dan Bongino are politicizing and weaponizing the FBI. And they 'have obliterated decades of experience in national security and criminal matters.' The FBI didn't comment, but Bongino was defiant and unapologetic on X. The cuts: Across the country, huge federal cuts have eroded state and local public health departments, so 'Americans are losing a vast array of people and programs dedicated to keeping them healthy,' AP's Laura Ungar and Michelle Smith report. 'Together, public health leaders said, the cuts are reducing the entire system to a shadow of what it once was, threatening to undermine even routine work.' HHS' heavy cuts to the National Institute for Occupational Safety and Health may force the end of safety trainings for fishermen, loggers and other risky jobs as early as next month, Reuters' Leah Douglas reports. And Trump's budget request would decimate a landmark ecological program, NYT's Rebecca Dzombak reports. 3. WALL STREET GETS A WIN: 'Trump administration prepares to ease big bank rules,' by POLITICO's Michael Stratford: 'Trump-appointed regulators are nearing completion of a proposal that would relax rules on how much of a capital cushion the nation's largest banks must have to absorb potential losses and remain solvent during periods of economic stress. … [It] could be released in the coming months.' 4. IMMIGRATION FILES: The Trump administration's new effort to force undocumented immigrants to register with the government has started to yield criminal charges for people who fail to do so, WaPo's Jeremy Roebuck and Marianne LeVine scooped. But the novel use of a little-known 1940 statute to throw immigrants in jail has faced outright skepticism from some federal judges, who chided prosecutors for going after people who had little chance to even know they had to register. The threat to legal immigrants: As Trump's crackdown has extended beyond undocumented people, more than half a million Haitians, Cubans, Venezuelans and others who entered legally are suddenly vulnerable to deportation after last week's Supreme Court green light, NYT's Hamed Aleaziz writes. The government already has their personal info, and some could quickly be subject to expedited removal outside of immigration courts. Terrified Haitians are trying to figure out what's next, with some hiding at home and others considering Canada, NYT's Sarah Mervosh and Mark Bonamo report. 5. MIDDLE EAST LATEST: Hamas responded to the latest U.S. proposal for a ceasefire and hostage release with Israel, but a deal still looks distant as special envoy Steve Witkoff decried the militant group's answer as 'totally unacceptable,' per Bloomberg. The situation on the ground continued to worsen as an Israeli tank started shooting at Palestinian crowds at a food aid distribution site, with Gaza officials saying dozens were killed, per NBC. … Witkoff also gave Iran an initial framework proposal for a nuclear deal, via Oman, even as a new report revealed that Tehran has massively stepped up its uranium supply, per the NYT. 6. CHILLING EFFECT: 'Trump's law firm sanctions, harshly rejected in court, still have impact,' by WaPo's Mark Berman: 'Lawyers say both the sanctions and the negotiated deals have had a chilling effect, with some firms declining to work on issues counter to the administration's goals, including on immigration.' 7. FOR YOUR RADAR: 'Discrimination cases unravel as Trump scraps core civil rights tenet,' by WaPo's Julian Mark and Laura Meckler: 'The review includes cases and reform agreements forged after years-long investigations that the administration says lacked justification. Civil rights experts estimate that dozens of discrimination cases involving banks, landlords, private employers and school districts could face similar action. … At the center of this effort is 'disparate impact analysis,' which holds that neutral policies can have discriminatory outcomes even if there was no intent to discriminate.' 8. OAN'S RED LINE: 'MAGA outlet's Pentagon correspondent criticized Hegseth. And then she was fired, she says,' by CNN's Brian Stelter: 'A self-proclaimed 'MAGA girl,' [Gabrielle] Cuccia positioned herself as a proudly conservative voice among the normally nonpartisan Pentagon press corps. But she grew perturbed by [Defense Secretary Pete] Hegseth's actions against the press.' Two days after criticizing him on Substack, 'I was asked to turn in my Pentagon badge to my bureau chief,' she said. OAN didn't respond for comment. 9. IN THE WILDERNESS: Could South Carolina lose its brief hold on the early slot in Democrats' presidential primary calendar? From Columbia, POLITICO's Brakkton Booker reports that its association with Biden — who gave South Carolina top billing after it saved his 2020 campaign — could open the door for New Hampshire, Nevada or other Southern states. One potential contender, Minnesota Gov. Tim Walz, told California Dems yesterday that the party must 'find some goddamn guts to fight for working people,' saying Democrats share some blame for Republican control of D.C., POLITICO's Blake Jones reports from Anaheim. TALK OF THE TOWN AB Hernandez, a transgender high school athlete whose presence at a state competition led to Donald Trump threatening California's federal funding, won and shared multiple gold medals. IN MEMORIAM — 'Stanley Fischer, Who Spread the Macroeconomic Gospel, Dies at 81,' by Bloomberg's Laurence Arnold and Alisa Odenheimer: He 'served as vice chairman of the US Federal Reserve from 2014 to 2017 following eight years as governor of the Bank of Israel.' PLAYBOOK METRO SECTION — 'Army says Trump's military parade could cause $16 million in damage to Washington streets,' by NBC's Courtney Kube and colleagues: 'The Army is preparing for the potential harm to Washington streets with several measures it hopes will avert damage. These include using 1-inch-thick steel plates, some as long as 20 feet, at places along the parade route where the tanks must turn and where those turns could cause the most damage to the streets.' WEEKEND WEDDING — Christopher LaCivita Jr., public affairs director and lobbyist at Checkmate Government Relations, and Sheridan Conner, an occupational therapist, got married Saturday in Powhatan County, Virginia. They met at Virginia Tech in 2019. Pic … SPOTTED: Chris and Catherine LaCivita, Terry and Marci Nelson, Skyler and Claire Zunk, Ben and Clare Cassidy, Victoria LaCivita, Chris Gustafson, Ches McDowell, A.J. Fabrizio and Travis Smith. WELCOME TO THE WORLD — Sean McMinn, data/graphics editor at POLITICO, and Nicole McMinn, a biomedical engineer at Walter Reed National Military Medical Center, welcomed Rosemary on Thursday. HAPPY BIRTHDAY: Rep. Lucy McBath (D-Ga.) … Addisu Demissie … FT's Ed Luce … CBS' Olivia Gazis … AP's Bill Barrow … Richard Sant of Lockheed Martin … Karen Tramontano … Leslie Harris … Google's Sasha Moss … U.S. Commission on Civil Rights' Irena Vidulović … The Spectator's Amber Athey … former Rep. Gregg Harper (R-Miss.) … Sean Kennedy of the National Restaurant Association … Advoc8's Jeremy Rose … Matt Winkler … Melissa Hockstad … Jim Innocenzi … Danielle O'Byrne … Diane Zeleny … Christopher Minakowski … Percipient Strategies' Tyler Ross … Terrance Green … Jose Nunez … Heath Knakmuhs of the U.S. Chamber … Kay Coles James … Teamsters' Kate Yeager … Mark Green … Elizabeth Rojas Levi of ERL Group … Constance Boozer ... Elizabeth Glidden … Alex Seitz-Wald … POLITICO's Rahul Sharma Rampa … Alex Stoddard … Dan Bartlett of Walmart Did someone forward this email to you? Sign up here. Send Playbookers tips to playbook@ or text us on Signal here. Playbook couldn't happen without our editor Zack Stanton, deputy Garrett Ross and Playbook Podcast producer Callan Tansill-Suddath.
SBS Australia
19 hours ago
- Business
- SBS Australia
Top News: PM Albanese slams Trump's steel tariffs as "economic self-sabotage"
Independent news and stories connecting you to life in Australia and Hindi-speaking Australians. Ease into the English language and Australian culture. We make learning English convenient, fun and practical.
News.com.au
20 hours ago
- Business
- News.com.au
Young couple reveal how they lived rent-free in Australia for three months
A young couple recently revealed their secret to living rent-free for three months while travelling across Australia, and their little-known hack is going viral on TikTok. In the video, the woman, Esmae Lewis, explained how she and her boyfriend managed to avoid paying rent, bills, and even Wi-Fi and air conditioning costs during their travels. 'We didn't spend a single dollar,' she claimed. The pair said knew they wanted to live in Australia, as it's such a 'beautiful country with great weather'. However, she quickly realised it also has a high cost of living, pricey food, drinks, gyms, and hostels, which aren't always ideal for couples. So, they found a platform called Trusted Housesitters, where people can look after homeowners' pets and properties in exchange for free accommodation. 'We landed every sit we applied for,' she said, before sharing tips to help others succeed on the platform. These included creating a detailed profile that showcases personality and experience, asking friends and family for initial reviews, personalising each application by referencing the pets and their quirks, and focusing on care and connection with the pets rather than the location perks. Ms Lewis also recommended offering video calls or meetups to build trust with homeowners. The concept of house sitting is not a new one. Sitters care for pets, maintain gardens, keep homes clean and safe, and sometimes handle mail or deliveries, all in exchange for rent-free living. This benefits both parties as homeowners get peace of mind while away, and sitters enjoy free accommodation. Commenters loved the idea, with one saying, 'Love love loveeee this! I've had my eye on signing up and starting this'. 'This is such a cool idea!' and 'Love house-sitting!!! Such solid tips,' read other comments. 'I want to do this!' admitted a fourth. 'This is so useful,' said a fifth, as someone else mentioned they live in Australia already but are keen to give this a go. 'This is goals,' another TikToker declared. House-sitting platforms like Trusted Housesitters and Aussie House Sitters have grown in popularity in recent years, offering thousands of opportunities across Australia. These services often require a membership fee but provide a trusted community and support to ensure both sitters and homeowners feel secure in the arrangement. Ms Lewis said she made the annual membership fee back in a couple of days just by not having to pay any rent.
Yahoo
2 days ago
- General
- Yahoo
‘We witnessed our school lose its way': Harvard alum Dr. Oz defends Trump's crackdown
Dr. Mehmet Oz downplayed concerns surrounding President Donald Trump's efforts to ban Harvard from accepting international students during an interview with POLITICO White House Bureau Chief Dasha Burns. But Oz, a Harvard alum and current administrator of the Centers for Medicare and Medicaid Services, said he believes Harvard will be able to recruit international students with vetting in the future. 'I think that will happen over time, but this is a bigger discussion about what is Harvard willing to do to truly represent the best interests of its students and the American people,' Oz told Burns on the debut episode of 'The Conversation' podcast. However, Oz said he has witnessed his alma mater 'lose its way.' 'We will continue to train the best and the brightest of other parts of the world. We want there to be a brain drain towards America from those nations,' Oz told Burns. 'But there's been a change in my alma mater, Harvard, that anyone who went to school with me would have to acknowledge. We witnessed our school lose its way.' The administration's fight against Harvard has escalated in recent weeks, which began in April after the university refused to adopt new policies on student and faculty conduct and admissions demanded by the administration. Trump's most recent retaliatory efforts to ban foreign students, who make up 27 percent of Harvard's student body, are at the center of a heated legal battle. A federal judge extended its block on the administration's ban Thursday. Trump has also pursued other pathways of retribution against the Ivy League university, such as rescinding grant money and floating redistributing it to trade schools. Trump's supporters have praised his attacks on Harvard and other institutions, saying they have facilitated 'woke' ideology. But in the interview, Oz acknowledged the value of his Ivy League education and said he hoped it remained a path for people in the future. Trump, too, has said he is only reforming the university: "The last thing I want to do is hurt [Harvard], they're hurting themselves,' he said this week. Burns cited families like Oz's, who is the son of a Turkish immigrant, as a 'prime example of the benefits of having smart, hardworking people from other countries come to the U.S. to pursue the American dream.' 'No one from my family had ever gone to Harvard. My dad knew of Harvard because even in Turkey they knew of Harvard. And [it] was the only school he wanted me to apply to,' Oz said. 'And it changed my life completely that I went there. I want others to have that opportunity as well.' The full interview with Oz will be released in this Sunday's debut episode of 'The Conversation' with Dasha Burns.
Yahoo
3 days ago
- Business
- Yahoo
Monument Reports Third Quarter Fiscal 2025 Results
Gross Revenue of US$19.85 Million and Cash Cost of US$874/Oz VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) 'Monument' or the 'Company' today announced its financial results for the three months ('Q3 FY 2025') and nine months ended March 31, 2025 ('YTD FY 2025'). All amounts are in United States dollars unless otherwise indicated (refer to for full financial results). President and CEO Cathy Zhai commented, 'In Q3 FY 2025, the flotation plant performance was well optimized at Selinsing Gold Mine as expected, attributed to the successful commissioning of the new filter press. The Company's cash reserves grew by $6.46 million to $29.54 million even the March shipment delayed to the following quarter due to impact from the 'tariff war', while working capital rose by $7.0 million to $38.93 million. 'At Murchison, the development plan advanced steadily with an economic scoping study being carried out by SRK Consulting (Australasia) Pty Ltd ('SRK'), highlighted by the signing of collaboration agreements with two ASX-listed gold exploration companies to potentially process ore from their nearby projects at the Burnakura mill.' Third Quarter Highlights: $29.54 million cash on hand, a $6.46 million increase from $23.08 million during Q3 FY 2025, compared to $7.49 million cash on hand, $2.65 million increase during Q3 FY 2024; $38.93 working capital, $18.38 million or 89% increase from $20.55 million at the end of June 30, 2024; Net profit of $4.86 million, or $0.01 per share for Q3 FY 2025, compared to net income of $0.88 million, or $0.00/share for Q3 FY 2024; Gross margin of 12.51 million for Q3 FY 2025, 73% more than $7.21 million in Q3 FY 2024; Production performance: A record 9,543 ounces of gold produced during the quarter (Q3 FY 2024: 5,488 ounces), with a new filter press in operation since March 2025; 8,399 ounces of gold sold at a record average realized price of $2,945/oz for gross revenue of $19.85 million (Q3 FY 2024: 8,727 ounces sold at an average realized price of $2,097/oz for gross revenue of $14.91 million); Cash cost of $874 per ounce sold (Q3 FY 2024: $882/oz); All in sustaining cost of $1,366 per ounce sold for Q3 FY 2025, 7% increase compared to $1,273/oz in Q3 FY 2024; Mineral resource drilling programs initiated targeting on increasing the mine life. Third Quarter and YTD Fiscal Year 2025 Production and Financial Highlights Three months ended March 31, Nine months ended March 31, 2025 2024 2025 2024 Production Ore mined (tonnes) 217,303 200,676 532,531 790,264 Waste removed (tonnes) 2,079,437 2,777,069 6,454,008 7,565,320 Gold Sulphide Production Ore processed (tonnes) 191,664 166,478 550,976 536,189 Average mill feed grade (g/t) 1.76 1.49 1.78 1.62 Processing recovery rate (%) 88.20 68.50 83.49 69.82 Gold produced (oz) (1) 9,543 5,488 26,215 19,539 Gold sold (oz) 8,399 8,727 26,656 20,301 Financial (expressed in thousands of US$) $ $ $ $ Revenue 19,847 14,911 59,015 32,819 Gross margin from mining operations 12,511 7,213 35,664 14,991 Net Income before other items 9,296 2,715 26,321 5,606 Net income 4,863 884 16,699 204 Cash flows provided by operations 11,322 6,201 29,720 8,635 Working capital 38,929 17,406 38,929 17,406 Earnings per share – basic and diluted (US$/share) 0.01 0.00 0.05 0.00 Weighted average gold price US$/oz US$/oz US$/oz US$/oz - Realized price - sulphide production 2,945 2,097 2,718 1,917 Cash cost per ounce sold Mining 229 323 238 301 Processing 296 349 298 347 Royalties 281 149 267 162 Operations 68 61 73 68 Total cash cost per ounce sold (2) 874 882 876 878 Operation expenses 4 4 5 5 Corporate expenses 39 8 17 7 Accretion of asset retirement obligation 7 6 6 8 Exploration and evaluation expenditures 20 1 9 2 Sustaining capital expenditures 422 372 311 268 Total all-in sustaining costs per ounce sold(3) 1,366 1,273 1,224 1,168 (1) Out of total 9,543 ounces of gold production reported in Q3 FY 2025, of which 71 ounces were production adjustments.(2) Total cash cost for sulphide plant production includes production costs such as mining, processing, tailing facility maintenance and camp administration, royalties, and operating costs such as storage, temporary mine production closure, community development cost and property fees, net of by-product credits. Cash cost excludes amortization, depletion, accretion expenses, capital costs, exploration costs and corporate administration costs.(3) All-in sustaining cost per ounce includes total cash costs, operation expenses, and adds sustaining capital expenditures, corporate administrative expenses for the Selinsing Gold Mine including share-based compensation, exploration and evaluation costs, and accretion of asset retirement obligations. Certain other cash expenditures, including tax payments and acquisition costs, are not included. GOLD PRODUCTION RESULTSThe sulphide flotation plant produced 9,543 ounces of gold, including 71 ounces adjustments. The mill processed 191,664 tonnes of sulphide ore at an improved average recovery of 88.20% because of new filter press and plant improvements and optimization, the use of new reagents including ethylene glycol frother, and the treatment of higher-grade transition and fresh sulphide ore. Further, higher grade transition and fresh sulphide ore at 1.76 g/t were treated compared to Q3 FY 2024. During Q3 FY 2025, mining activities continued to focus on Buffalo Reef and Felda Block 7. Ore mined in the quarter was 8% lower than in Q3 FY 2024, primarily due to avoidance of excessive ore stockpiles and improvement of overall production cost efficiency. The ore processed during the quarter was 15% more than in Q3 FY 2024 due to more plant availability and improved outputs of new filter press to resolve processing production included total material mined of 6,986,539 tonnes (nine months ended March 31, 2024 ('YTD FY 2024'): 8,355,584 tonnes), comprising to 532,531 tonnes of ore (YTD FY 2024: 790,264 tonnes) and 6,454,008 tonnes of waste (YTD FY 2024: 7,565,320 tonnes). The stripping ratio increased to 12.12 compared to 9.57 during YTD FY 2024, due to the mining sequence and higher cutback waste to support ore continuity and production sustainability. The mill processed 550,976 tonnes of sulphide ore during YTD FY 2025, averaging a head grade of 1.78 g/t and a recovery of 83.49%. FINANCIAL RESULTSQ3 FY 2025 gold sales generated revenue of $19.85 million from 8,399 oz gold sold at a record average realized price of $2,945 per ounce (Q3 FY 2024: 8,727 oz at $2,097 per ounce for gross revenue of $14.91 million) from the sulphide flotation plant. Mining operations before non-cash amortization and depreciation generated a gross margin of $12.51 million, 73% more than $7.21 million in Q3 FY 2024. The cash cost from the sulphide gold production was reduced to $874/oz compared to $882/oz in the Q3 FY 2024, contributed by lower mining and processing cost per ounce, offset by higher royalty per ounce based on higher gold sale price. Net cash generated from operating activities of $11.32 million in the quarter, an increase of $5.12 million compared to $6.20 million of net cash generation during Q3 FY 2024, which was mainly led by higher gross margin from higher grade and recovery rate, higher realized gold prices, and lower cash cost per ounce. The Company's cash and cash equivalents as at March 31,2025 were $29.54 million, an increase of $18.68 million from $10.86 million as of June 30, 2024. And current assets exceeded current liabilities by $38.93 million (June 30, 2024: $20.55 million) demonstrating a strong net working capital of $59.02 million from the sale of gold concentrates, containing 26,656 oz of gold sold at the average realized gold price of $2,718/oz (YTD FY 2024: revenue of $32.82 million for 20,301 oz of gold sold at the average realized price at $1,917 per ounce). Total mining cost of $1.92 million compared to $2.82 million during YTD FY 2024. Total processing costs related to the sulphide operations were $2.48 million compared to $3.05 million during YTD FY 2024. Mining operations before non-cash amortization and depreciation generated a gross margin of $35.66 million, an increase of $20.67 million from $14.99 million during YTD FY 2024. The cash cost from the sulphide flotation gold production decreased to $876/oz (YTD FY2024: $878/oz for the gold concentrate), led by lower mining and processing cost per ounce, offset by higher royalty per ounce based on higher gold sale price. MINE DEVELOPMENT AND EXPLORATIONPre-stripping and cut-back Mining at Buffalo Reef and Felda Block 7 continued and reached the high-grade portion of the orebody. The stripping ratio declined during Q3 as expected once the cutback activities were concluded as per the mining schedule. Tailing Storage Facility Upgrade Having completed all construction work for the stage 6 TSF main embankment raise to 540m RL, attention was focussed on the stage 7 raise to 545 mRL. Planning for a geotechnical site investigation was initiated including rotary core drilling and standard penetration tests. The fieldwork and subsequent laboratory test work was scheduled to commence in Q4 FY 2025. Flotation Plant and Related Facilities During Q3 FY 2025, ongoing plant optimization included: jaw crusher liners, a new jaw crusher discharge chute, several sets of cone crusher concave and mantle liners, repairs to the cyclone feed and secondary ball mill discharge pumps, a new primary mill pump, discharge hopper, strengthening the working platform in the cyclone area and providing a new maintenance access platform in the concentrate thickener area, and other pumps and pipelines. The filter press operation including a new filter press, new compressor and new concentrate surge tank were successfully commissioned and in use in the third quarter of fiscal 2025 after further optimization design and electrical control centralization. Exploration During the third quarter the Company continued a review process for the potential expansion of mineral resources at Selinsing, and a proposal of drill holes for Buffalo Reef resource conversion drilling has been reviewed. An exploration team has been recruited for exploration programs and a core logging, cutting and sampling facility has been established. Infill drilling commenced in Q3 FY 2025 (405 metres drilled) to improve resource estimates within the current pits. A new drilling program is expected to commence at the end of fiscal 2025, which will aim to identify additional oxide and sulphide mineralisation, upgrade the resources outside of the current pit-shell and potentially increase the life of Q3 FY 2025 the Company continued working on a review of the Murchison Gold Project, including an economic assessment for a production restart. The economic scoping study is being carried out by SRK Consulting (Australasia) Pty Ltd. A geological database and archive review made significant progress during the second and third quarter, completed in May 2025 subsequent to the third quarter, FY 2025. The confirmation drilling program was planned for the Gabanintha tenements, in order to allow certain historical resources into the mine plan. The Company continued to engage with the local Aboriginal group to build a productive relationship and discuss its production intentions and gain the traditional owner's support. The processing plant, accommodation, catering facilities, offices, and associated infrastructure were maintained to a good standard ensuring operational readiness for commissioning if production restarts. Accommodation and catering facilities were fully operational during the quarter and equipped to support administrative, exploration, and mining activities. Collaboration Agreements During Q3 FY 2025 the Company announced the signing of two collaboration agreements, one with Odyssey Gold Limited and one with Great Boulder Resources, to potentially process ore from their projects through Monument's Burnakura Mill subject to availability. About Monument Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project, jointly owned by Odyssey Gold Ltd in the same region. The Company employs approximately 270 people in both regions and is committed sustainability with practice of the highest standards of environmental management, social responsibility, including health and safety for its employees and neighboring communities, and good corporate governance. Cathy Zhai, President and CEOMonument Mining LimitedSuite 1580 -1100 Melville StreetVancouver, BC V6E 4A6 FOR FURTHER INFORMATION visit the company web site at or contact: Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102rcushing@ "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." Disclaimer Regarding Forward-Looking Statements 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, expectations regarding the completion of the ramp-up period to target production level at Selinsing and the timing thereof, expectations regarding the Company's continuing ability to source explosives from suppliers, expectations regarding completion of the proposed storage shed and ammonium nitrate depot and the timing thereof, and the timing and results of the other 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, including those related to the ramp-up process at Selinsing and the completion of the proposed storage shed and ammonium nitrate depot; uncertainties and risks related to the Company's ability to source explosives from suppliers; 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 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; assumptions regarding the timing and results of development activities, including the ramp-up process at Selinsing and the completion of the proposed storage shed and ammonium nitrate depot; expectations that the Company will continue to be able to source explosives from suppliers in a timely manner; 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 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.
