Mongolian Mining Corp

Mongolian Mining Corporation expects to report a consolidated net profit of between approximately USD100.0 million and USD110.0 million for the first half of 2026, reversing a net loss of USD19.9 million in the same period last year. The turnaround was driven by higher washed coking coal sales volumes and improved average selling prices, which boosted revenue, along with the commencement of production at the gold mine and other net income. The figures are based on unaudited management accounts and remain subject to adjustment, with final interim results due in August 2026.

Mongolian Mining Corporation reported a 55% year-on-year increase in sales of washed coking coal for the quarter ended June 30, 2026, reaching 2,688.1 thousand tonnes. The group, Mongolia's largest internationally listed private mining company, also saw production of washed coking coal rise 29% year-on-year to 2,814.1 thousand tonnes, while run-of-mine coal extraction grew 29% to 4,424.4 thousand tonnes. In its gold and metals segment, gold sales from the Bayan Khundii mine rose 37% quarter-on-quarter to 11,709 ounces, though the average realised gold price fell 8% to 4,493 dollars per ounce. The unaudited operational update was published via GlobeNewswire on July 22, 2026.