Mongolian Mining Corporation (975) released operational data for the quarter ended March 31, 2026, showing mixed results across its coal and gold mining operations in Mongolia.
The company’s coking coal operations produced 2,276.9 thousand tonnes of washed coking coal during the first quarter, down 3% from the previous quarter but up 8% year-over-year. Coal sales reached 2,558.4 thousand tonnes, representing a 1% quarterly decline and 60% annual increase compared to the same period in 2025.
Raw coal mining increased significantly to 4,846.0 thousand tonnes, marking a 22% quarter-on-quarter rise and 32% year-over-year growth. The company processed 3,916.3 thousand tonnes of ROM coking coal, up 1% from the previous quarter and 4% annually.
In gold operations, Mongolian Mining sold 8,527 ounces of gold during the quarter, up 20% from the previous quarter. The weighted average gold price reached $4,872 per ounce, representing a 17% increase from the fourth quarter of 2025. Ore processing totaled 150.8 thousand tonnes, up 27% from the previous quarter.
The company operates through subsidiaries including Energy Resources LLC, which runs the Ukhaa Khudag coking coal mine, and holds a 50% stake in Erdene Mongol LLC, which operates the Bayan Khundii gold mine. All mining operations are located in Mongolia.
The company noted that operational data are derived from internal records and may differ from figures in periodic reports. Management cautioned that various factors including market conditions and regulatory changes may affect future results.
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