Mongolian Mining falls as no deal yet with Mongolian government on benefit sharing

Mongolian Mining

13/02/2026 02:55

** Shares of Mongolian Mining Corp 0975.HK fall 11.8% to HK$12.58, on track for the biggest one-day pct drop since April 7, 2025

** Stock set to snap four straight sessions of gains

** Gold miner said the Prime Minister of Mongolia signed a Memorandum of Understanding with certain private entities, including its units Energy Resources LLC and Khangad Exploration LLC, regarding the Mongolian Government's benefit sharing in strategic deposits

** Says no legally binding agreement was entered into with the Government of Mongolia so far, and the definitive documentation shall be submitted by the Government of Mongolia to the Parliament for review and ultimate approval before finalization

** YTD, stock up 19.9%, benchmark Hang Seng Index .HSI up 3.9%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))