Thanks for the tips, Dave.
I am able to operate the external speakers through the monitor but that method produces a poor quality sound.
It's hard to describe, but there are crackling or popping noises that come through the external speakers when connected to the monitor.
Again, the external speakers work well with no issues on an older Mac Pro that I recently used.
Sound from the monitor (which has speakers) is available but the sound quality is poor compared to the external speakers (which includes a sub woofer)
I attach the external speakers to the Mac Mini headphone input, but the System Preferences > Sound Window doesn't acknowledge a connection with this input.
Lastly, yes headphones work when plugged into the Mac Mini headphones output.
The external speaker system is several years old and it does not have an hdmi input. Maybe new external speakers would have an hdmi input, not sure.
I would consider getting new external speakers if they typically have an hdmi input option for sound.
Mac Mini Specs:
Model Identifier: Mac mini 7,1
Processor Name: Intel Core i7
Processor Speed: 3 GHz
Number of Processors: 1
Total Number of Cores:2
L2 Cache (per Core): 256 KB
L3 Cache: 4 MB
Memory: 16 GB
Boot ROM Version: MM71.0220.B06
Monitor Specs:
LG Ultrawide
Resolution: 3440 x 1440 @ 30 Hz
Pixel Depth: 32-Bit Color (ARGB8888)
Main Display: Yes
Mirror: Off
Online:Yes
Rotation: Supported
Connection Type: DisplayPort
Television: Yes