Monument Mining Limited announced earnings results for the second quarter ended December 31, 2011. For the quarter, the company reported revenue of $21,084,000 against $14,119,000 for the same period a year ago. Net operating income was $14,780,000 against $10,115,000 for the same period a year ago. Net income was $27,138,000 against $4,594,000 for the same period a year ago. Earnings per diluted share were $0.14 against $0.02 for the same period a year ago. The favorable operational results was due to a combination of gold production, the full commercial production period verse the partial commercial production period over the same quarter in fiscal 2011 and increase in the gold price. The company provided production guidance for the fiscal year ending June 30, 2012. For the year, the company is targeting production of up to 55,000 ounces of gold.