Mongolian Mining Corporation Operational Insights
Mongolian Mining Corporation
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 975)
The board of directors of Mongolian Mining Corporation (the "Company", along with its subsidiaries termed as the "Group") is enthusiastic to provide an unaudited operational insight for the latest quarter.
The Company stands tall as the largest internationally listed private mining entity, concentrating its projects primarily within Mongolia. The Group prides itself on a diversified business approach, focusing on the development and operation of coking coal, gold, copper, as well as other non-ferrous metal mining assets strategically located in Mongolia's southern and western regions.
Coking Coal Production Highlights
Energy Resources LLC ("ER"), a wholly-owned subsidiary of the Group, manages the operations at the Ukhaa Khudag ("UHG") coking coal mine, while the Group's majority-owned subsidiary Khangad Exploration LLC ("KEX") handles the Baruun Naran ("BN") coking coal mine, both strategically located in Umnugobi province, Mongolia. These subsidiaries are key players, being the leading producers and exporters of high-quality washed coking coal within the country.
In the third quarter of 2025, ER and KEX achieved remarkable sales milestones, with a record of 2,303.2 thousand tonnes ("kt") of washed coking coal sold. This achievement reflects a commendable 32% increase from the previous quarter, and a solid 13% increase compared to the same quarter last year. The companies achieved an impressive 3,604.3 kt of run-of-mine ("ROM") coal mining output during the same period, indicating a 5% increase from the quarter ended June 30, 2025, though it reflects a 16% decrease compared to last year.
Moreover, a total of 3,753.8 kt of ROM coking coal was processed, resulting in a production of 2,103.0 kt of washed coking coal products—a figure that paints a picture of progressing operational efficiency.
Main Operational Data for Coking Coal
The operational metrics, derived from the Group's internal records, provide an essential overview for investors, although slight variations must be expected in periodic reports.
Gold and Metal Production Update
Mongolian Mining Corporation holds a 50% stake in Erdene Mongol LLC ("EM"), which operates the Bayan Khundii ("BKH") gold mine located in Bayankhongor province, Mongolia.
Gold production at the BKH mine commenced from an official ceremony, marking a pivotal milestone for both the Company and its partners. During this reporting quarter, EM successfully sold 342 ounces of gold and 96 ounces of silver to the Bank of Mongolia and authorized banks, with prices reflecting healthy market conditions.
The BKH mine, with the capacity to process 650,000 tonnes of ore annually, is projected to yield about 85,000 ounces of gold yearly. This promising outlook aligns with the latest feasibility studies carried out in 2023, showcasing the mine’s potential for sustained production growth.
Key Operational Factors
The operational figures provided should not be misconstrued as guarantees or forecasts for the Company's future activities. Potential fluctuations may arise due to various external factors, including market dynamics and regulatory stipulations.
Investors are encouraged to approach this information critically, as relying solely on these operational insights may introduce investment uncertainties.
On behalf of the Board, we extend warm regards to our stakeholders.
Mongolian Mining Corporation
Odjargal Jambaljamts
Chairman
Frequently Asked Questions
1. What operational updates were shared by Mongolian Mining Corporation?
The Company reported increased sales of washed coking coal and significant gold production from its mines, reflecting growth in operational efficiency.
2. How did the coking coal sales perform in the third quarter of 2025?
Sales reached 2,303.2 kt, marking a 32% increase from the previous quarter and a 13% year-on-year rise.
3. Where are the Company’s mining operations located?
The Company focuses its operations mainly in Mongolia, specifically in the southern and western regions.
4. What is the expected gold production capacity of the BKH mine?
The BKH mine is anticipated to produce approximately 85,000 ounces of gold per year.
5. What is the significance of the operational report for investors?
The report provides crucial insights into the Company's performance metrics, although investors should approach the data with care, considering market variables.
