MMC Announces First Gold Pour Completed at the Bayan Khundii Mine in Mongolia
Mongolian Mining Corporation (OTCQX: MOGLF) has achieved a significant milestone with its first gold pour at the Bayan Khundii (BKH) gold mine in Mongolia. The mine, completed in just 22 months, holds total gold reserves of 513,700 ounces at an average grade of 4.0 g/t gold.
The project, representing MMC's US$40 million investment for a 50% equity stake in Erdene Mongol LLC, is expected to produce 85,000 ounces of gold annually at a low quartile all-in sustaining cost. The mine is scheduled to reach nameplate capacity production in Q4 2025, with gold being sold to Mongolia's Central Bank at spot prices to support the country's foreign currency reserves.
La Mongolian Mining Corporation (OTCQX: MOGLF) ha raggiunto un traguardo significativo con la prima fusione d’oro alla miniera Bayan Khundii (BKH) in Mongolia. La miniera, completata in soli 22 mesi, presenta riserve totali d’oro di 513.700 once a una concentrazione media di 4,0 g/t di oro.
Il progetto, che rappresenta un investimento di US$40 milioni da parte di MMC per una quota azionaria del 50% in Erdene Mongol LLC, dovrebbe produrre 85.000 once d’oro all’anno a un costo di mantenimento totale (all-in sustaining cost) tra i più bassi. La miniera è prevista raggiungere la capacità nominale di produzione nel quarto trimestre del 2025, con l’oro venduto alla Banca Centrale della Mongolia al prezzo di mercato per sostenere le riserve in valuta estera del paese.
La Mongolian Mining Corporation (OTCQX: MOGLF) ha alcanzado un hito significativo con su primera fundición de oro en la mina Bayan Khundii (BKH) en Mongolia. La mina, completada en solo 22 meses, posee reservas totales de oro de 513.700 onzas a una ley media de 4,0 g/t de oro.
El proyecto, que representa una inversión de US$40 millones para una participación del 50% en Erdene Mongol LLC, se espera que produzca 85.000 onzas de oro al año a un coste de sostenimiento total muy bajo. Se espera que la mina alcance la capacidad nominal de producción en el Q4 de 2025, con el oro vendido al Banco Central de Mongolia al precio spot para apoyar las reservas de divisas del país.
몽골 마이닝 코퍼레이션(Mongolian Mining Corporation, OTCQX: MOGLF)가 몽골의 바얀 훈디(Bayan Khundii, BKH) 금광에서 첫 금을 양산하며 중요한 이정표를 달성했습니다. 광산은 단 22개월 만에 완공되었고 총 금 매장량은 513,700온스, 평균 원광도는 4.0 g/t 금입니다.
Erdene Mongol LLC에 대한 MMC의 미화 4천만 달러 투자로 50% 지분이 반영된 이 프로젝트는 연간 85,000온스의 금 생산을 예상하며, 전체 지속 비용이 낮은 편에 속합니다. 광산은 2025년 4분기에 정규 생산능력에 도달할 것으로 예상되며, 금은 몽골 중앙은행에 현물가로 매각되어 국가의 외환 보유고를 지원합니다.
La Mongolian Mining Corporation (OTCQX : MOGLF) a franchi une étape importante avec sa première coulée d’or à la mine d’or Bayan Khundii (BKH) en Mongolie. La mine, achevée en seulement 22 mois, détient des réserves totales d’or de 513 700 onces à une teneur moyenne de 4,0 g/t d’or.
Le projet, représentant l’investissement de 40 millions de dollars US pour une participation de 50 % dans Erdene Mongol LLC, devrait produire 85 000 onces d’or par an à un coût total de maintien en activité faible. La mine est programmée pour atteindre sa capacité nominale de production au quatrième trimestre 2025, l’or étant vendu à la Banque centrale de Mongolie au prix spot pour soutenir les réserves de devises du pays.
Mongolian Mining Corporation (OTCQX: MOGLF) hat einen bedeutenden Meilenstein erreicht: Die erste Goldprobe in der Bayan Khundii (BKH) Goldmine in der Mongolei. Die Mine wurde in nur 22 Monaten fertiggestellt und verfügt über gesamt Goldreserven von 513.700 Unzen bei einer durchschnittlichen Goldausbeute von 4,0 g/t Gold.
Das Projekt, das MMCs US$40 Millionen Investition für eine 50%-Beteiligung an Erdene Mongol LLC repräsentiert, soll 85.000 Unzen Gold pro Jahr zu niedrigen All-in Sustaining Costs produzieren. Die Mine soll im vierten Quartal 2025 die Nameplate-Kapazität erreichen, wobei Gold zum Spotpreis an die Zentralbank von Mongolei verkauft wird, um die Devisenreserven des Landes zu unterstützen.
شركة Mongolian Mining Corporation (OTCQX: MOGLF) حققت خطوة مهمة باستخراج أول ذهب في منجم بايان خوندي Bayan Khundii (BKH) في منغوليا. تم الانتهاء من المنجم خلال 22 شهراً فقط، ويحتوي على احتياطيات ذهب إجمالية تصل إلى 513,700 أونصة بمعدل عياري قدره 4.0 ج/طن من الذهب.
المشروع، وهو يمثل استثمار MMC بقيمة 40 مليون دولار أمريكي لحقوق امتلاك بنسبة 50% في Erdene Mongol LLC، من المتوقع أن ينتج 85,000 أونصة ذهب سنوياً بتكاليف مستمرة إجمالية منخفضة. من المقرر أن تصل المنجم إلى القدرة الاسمية في الربع الرابع من عام 2025، وسيُباع الذهب لبنك الياب المركزي بعملة البلد الأجنبية؟ لا، لبنك المركزي المنغولي بسعر السوق الفوري لدعم الاحتياطيات من العملة الأجنبية للبلاد.
蒙古矿业公司（OTCQX: MOGLF） 已在蒙古的 巴彦胡敦伊（Bayan Khundii，BKH）金矿实现了第一炉金铸，成为重要里程碑。该矿在仅 22 个月内完成，拥有 金储量总计 513,700 盎司，平均品位为 4.0 g/t 金。
该项目代表 MMC 对 Erdene Mongol LLC 的 4000万美元投资，持有 50% 股权，预计年产量 85,000 盎司金，全成本处于较低分位。该矿预计在 2025 年第四季度达到额定产能，黄金以现货价卖给蒙古中央银行，以支持国家的外汇储备。
- Gold reserves of 513,700 ounces at high-grade 4.0 g/t gold
- Expected annual production of 85,000 ounces at low quartile all-in sustaining cost
- Rapid project completion in just 22 months from greenfield to operation
- Guaranteed buyer (Mongolia's Central Bank) at spot gold prices
- Strategic portfolio diversification from coal into precious metals
- Significant capital investment of US$40 million for only 50% ownership stake
On Track for Nameplate Capacity Production in Q4 2025
HONG KONG, Sept. 14, 2025 (GLOBE NEWSWIRE) -- Mongolian Mining Corporation (“MMC” or the “Company”, or together with its subsidiaries, the “Group”; HKEx: 975; OTCQX: MOGLF), the largest internationally listed private mining company with operations focused on and located in Mongolia, is pleased to announce the successful completion of the first gold pour at the Bayan Khundii (“BKH”) gold mine in Mongolia on 14 September 2025.
The BKH gold mine has a total gold reserve of 513,700 ounces at an average head grade of 4.0 g/t gold, the mine is expected to produce approximately 85,000 ounces of gold per annum at a low quartile all-in sustaining cost.
The Group announced its investment of US
Gold from the BKH mine will be sold to Mongolia’s Central Bank at spot gold prices, contributing to the country's foreign currency reserves and playing a vital role in Mongolia’s economic stability. With established operating systems and procedures, the mine is well positioned to achieve nameplate capacity production in late Q4 2025.
Photo Caption: (from left to right) Mr. Baasandorj Tsogoo, Chief Operating Officer of EM, Mr. Bilguun Ankhbayar, Chief Executive Officer of EM, Mr. Damdinnyam Gongor, Minister of Industry and Mineral Resources, and Mr. Enkhtaivan Ganbold, Deputy Governor of the Bank of Mongolia with the inaugural gold doré bar from BKH mine.
Dr. Battsengel Gotov, Chief Executive Officer of MMC, stated: “We are proud to see the Bayan Khundii mine reach this significant milestone and extend our sincere congratulations to our employees, contractors, and strategic partner whose dedication made this milestone possible, transforming this project into a fully operational gold mine. The team involved deserves tremendous credit for their hard work and dedication. The Group also takes pride in advancing its strategic objective of diversifying its business portfolio, ensuring sustainable growth and long-term value creation. Moving forward, MMC will work closely with our strategic partner to support their continued focus on exploration efforts aimed at extending the mine life and bringing additional deposits into production covered under the Strategic Alliance Agreement.”
About Mongolian Mining Corporation (HKEx: 975; OTCQX: MOGLF)
MMC is the largest internationally listed private mining company with operations focused on and located in Mongolia. The Group has consolidated a diversified business portfolio to develop and operate coking (metallurgical) coal, gold, copper, and other non-ferrous metals mining assets in southern and western regions of Mongolia.
The Group is the largest producer and exporter of washed hard coking coal in Mongolia. It owns and operates two open-pit coking coal mines, namely, the Ukhaa Khudag mine located within the Tavan Tolgoi coal formation, as well as the Baruun Naran mine, both located in Umnugobi aimag (province), Mongolia.
The Group operates the Bayan Khundii gold mine, located in Bayankhongor aimag (province), Mongolia.
MMC was listed on The Stock Exchange of Hong Kong Limited in October 2010. To learn more about the Group, please visit MMC’s website at: www.mmc.mn.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8a2ddbd-ad7b-44b8-be4f-64323e1cdb2e
Enquiries: Strategic Financial Relations Limited Cindy Lung +852 2864 4867 cindy.lung@sprg.com.hk Rachel Ko +852 2114 2370 rachel.ko@sprg.com.hk Carlos Chen +852 2864 4847 carlos.chen@sprg.com.hk
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