tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Mongolian Mining Corporation Reports Revenue Decline Amid Strategic Expansion

Story Highlights
Mongolian Mining Corporation Reports Revenue Decline Amid Strategic Expansion

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from Mongolian Mining ( (HK:0975) ) is now available.

Mongolian Mining Corporation reported a significant decrease in revenue and profitability for the first half of 2025, with a 35.9% drop in revenue compared to the same period in 2024. The company faced a loss of USD23.3 million, attributed to lower average selling prices and a one-off loss from debt refinancing. Despite these financial challenges, the company has made strategic moves by acquiring a majority stake in Universal Copper LLC and commissioning the Bayan Khundii mine processing plant, with commercial production expected to start in the third quarter of 2025.

The most recent analyst rating on (HK:0975) stock is a Buy with a HK$10.50 price target. To see the full list of analyst forecasts on Mongolian Mining stock, see the HK:0975 Stock Forecast page.

More about Mongolian Mining

Mongolian Mining Corporation is a company incorporated in the Cayman Islands, focusing on mining operations. It has recently acquired a 50.5% equity interest in Universal Copper LLC, expanding its portfolio in the copper mining sector.

Average Trading Volume: 7,415,391

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$9.49B

For a thorough assessment of 0975 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1