MMC Announces First Gold Pour Completed at the Bayan Khundii Mine in Mongolia

Core Insights - Mongolian Mining Corporation (MMC) has successfully completed its first gold pour at the Bayan Khundii (BKH) gold mine in Mongolia on September 14, 2025, marking a significant milestone for the company [1][7] Company Overview - MMC is the largest internationally listed private mining company focused on operations in Mongolia, with a diversified portfolio that includes coking coal, gold, copper, and other non-ferrous metals [9][10] - The company was listed on The Stock Exchange of Hong Kong Limited in October 2010 [11] Gold Mine Details - The BKH gold mine has a total gold reserve of 513,700 ounces with an average head grade of 4.0 g/t gold, and it is expected to produce approximately 85,000 ounces of gold annually at a low quartile all-in sustaining cost [2] - Gold produced from the BKH mine will be sold to Mongolia's Central Bank at spot gold prices, contributing to the country's foreign currency reserves and economic stability [4] Strategic Investments - MMC announced a US$40 million investment for a 50% equity interest in Erdene Mongol LLC (EM) under a Strategic Alliance and Investment Agreement effective January 25, 2024, with rapid progress transforming the project from a greenfield site to a fully operational mine in just 22 months [3] - The company aims to diversify its business portfolio and ensure sustainable growth and long-term value creation through strategic partnerships and exploration efforts [7]