MMC Announces First Gold Pour Completed at the Bayan Khundii Mine in Mongolia
MONGOLIAN MINING CORP (MOGLF)
Company Research
Source: GlobeNewswire
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$40 million for 50% equity interest in Erdene Mongol LLC (“EM”), under a Strategic Alliance and Investment Agreement which became effective on 25 January 2024. At the time of MMC's entry, the project was still in its early stages as a greenfield site. Since construction commenced, progress has been
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