Core Viewpoint - MONGOL MINING reported a significant decline in revenue and a shift to a loss for the first half of 2025, while also making strategic acquisitions and progressing in its mining operations [1] Financial Performance - The company reported revenue of $347 million for the first half of 2025, a decrease of 35.94% year-on-year [1] - Shareholder loss amounted to $23.32 million, marking a transition from profit to loss compared to the previous year [1] Operational Updates - As of June 30, 2025, the gold mine is under construction, with production expected to commence in the third quarter of 2025 [1] - The copper mine is currently in the early exploration and assessment phase [1] - The Bayan Khundii (BKH) processing plant and associated facilities have officially commenced operations [1] - Initial overburden operations are set to begin by the end of the second quarter of 2025, with commercial production anticipated in the third quarter of 2025 [1] Strategic Moves - The company completed the acquisition of 50.5% of Universal Copper LLC (UCC), making it a subsidiary [1]
港股异动 | MONGOL MINING(00975)一度涨超17% 金矿处于建设阶段 预计三季度开始生产黄金