Core Viewpoint - Mongol Mining has announced the completion of its first gold pour at the Bayan Khundii (BKH) gold mine, which is expected to significantly enhance its production capabilities and financial performance in the coming years [1] Group 1: Company Developments - Mongol Mining's stock rose nearly 6% in early trading, currently up 4.77% at HKD 10.77, with a trading volume of HKD 39.71 million [1] - The BKH gold mine has a total gold reserve of 513,700 ounces and an average ore grade of 4.0 grams per ton [1] - The mine is projected to produce approximately 85,000 ounces of gold annually at a low quartile all-in sustaining cost [1] Group 2: Production Timeline - The BKH mine is expected to achieve rated production capacity by the end of Q4 2025 [1] - As of June 30, 2025, the gold mine is still under construction, with gold production anticipated to start in Q3 2025 [1] - Initial overburden operations are set to commence by the end of Q2 2025, with commercial production expected in Q3 2025 [1] Group 3: Strategic Acquisitions - The company completed the acquisition of 50.5% of UCC on March 11, 2025, making it a subsidiary [1] - The processing plant and supporting facilities at the BKH mine have officially commenced operations [1]
Mongol Mining早盘涨近6% 公司在蒙古BKH金矿完成首次黄金浇铸