Mongolian Mining Corporation Reports 2024 Financial Results with Strategic Subsidiary Changes

Mongolian Mining ( (HK:0975) ) has provided an update.

Mongolian Mining Corporation reported a slight increase in revenue to USD 1,039.9 million for the year ended December 31, 2024, compared to the previous year. Despite a decrease in adjusted EBITDA, the company’s profit attributable to shareholders rose marginally to USD 242.0 million. The company completed the acquisition of a 50% equity interest in Erdene Mongol LLC, making it a subsidiary, and disposed of a 20% equity interest in Khangad Exploration LLC, which remains a subsidiary. The board did not recommend a dividend payment for the year.

More about Mongolian Mining

Mongolian Mining Corporation (MMC) is a company incorporated in the Cayman Islands, operating in the mining industry. The company focuses on coal mining and its related activities, with a market presence primarily in Mongolia.

YTD Price Performance: -19.38%

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Technical Sentiment Signal: Buy

Current Market Cap: $760.4M

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