Mongolian Mining Corporation Releases Q2 2025 Operational Update, Announces Upcoming Commercial Production at BKH Gold Mine

Reuters
Jul 25
Mongolian Mining Corporation Releases <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Operational Update, Announces Upcoming Commercial Production at BKH Gold Mine

Mongolian Mining Corporation has released an unaudited operational update for the quarter ended 30 June 2025. The company, a leading private mining entity with operations focused in Mongolia, reported a decrease in several key performance indicators compared to previous periods. The amount of run-of-mine $(ROM)$ coal mined was 3,428.4 kt, marking a 7% decline from the previous quarter and a 28% decrease year-on-year. Similarly, the ROM coking coal processed was 3,605.7 kt, showing a decrease of 4% quarter-on-quarter and 11% from the same period last year. Despite these declines, there was a slight increase in the production of washed coking coal, which reached 2,178.1 kt, reflecting a 3% rise from the previous quarter, though still 2% lower than the previous year. Additionally, sales of washed coking coal saw a 9% increase from the prior quarter, totaling 1,739.7 kt, although this figure was 25% lower year-on-year. In its metals operations, the company continues to develop the Bayan Khundii $(BKH)$ gold mine in Bayankhongor aimag, Mongolia, in which it holds a 50% equity stake through Erdene Mongol LLC. The commissioning of the BKH gold mine processing plant and support facilities was completed during the quarter, with commercial production anticipated to commence in the third quarter of 2025. The sale of gold will be subject to a 5.0% royalty tax, as stipulated by the Minerals Law of Mongolia.

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