Mongolian Mining lifts coal output and gold sales in strong first quarter

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

Mongolian Mining Corporation reported a robust first quarter of 2026 in its coking coal segment, with run-of-mine coal output rising 22% quarter on quarter and 32% year on year, while processed volumes also increased. Although washed coking coal production dipped 3% sequentially, sales volumes surged 60% from a year earlier, underscoring firm demand for its export-grade coal products and reinforcing its role as Mongolia’s leading washed coking coal producer.

In its gold and metals operations, ore processed at the Bayan Khundii mine rose 27% from the previous quarter, supporting a 20% increase in gold ounces sold and benefiting from a 17% higher realised gold price. The combination of higher volumes and pricing in gold, alongside strong coal sales, suggests improved operational momentum across the group’s portfolio, with potential positive implications for revenue diversification and resilience amid shifting commodity markets.

More about Mongolian Mining

Mongolian Mining Corporation is the largest internationally listed private mining company operating in Mongolia, with a diversified portfolio spanning coking (metallurgical) coal, gold, silver, copper and other non-ferrous metals. Its core coal assets include the Ukhaa Khudag and Baruun Naran coking coal mines in Umnugobi province, while its metals exposure comes via stakes in the Bayan Khundii gold mine and copper and silver deposits in Bayankhongor province.

Average Trading Volume: 5,549,900

Technical Sentiment Signal: Buy

Current Market Cap: HK$10.76B

Learn more about 0975 stock on TipRanks’ Stock Analysis page.