MMC completes first gold pour at Bayan Khundii mine in Mongolia

Mongolia-based coking coal producer and exporter Mongolian Mining Corporation (MMC) has completed the first gold pour at the Bayan Khundii gold mine in Mongolia. The mine is expected to produce around 85,000oz of gold annually, with reserves totalling 513,700oz at an average grade of four grams per tonne (g/t). MMC intends to sell the gold from the Bayan Khundii mine at spot prices to Mongolia’s Central Bank, contributing to the nation’s foreign reserves and economic stability. The company invested $40m ...