Mongolian Mining H1 revenue jumps on higher coal, gold sales

Mongolian Mining

20/08/2026 09:44

Overview
Mongolia coal and gold miner's H1 revenue rose 69% yr/yr on higher coal sales, gold output
Company swung to net profit attributable of $89 mln from loss a year earlier
MMC repurchased and cancelled 15.5 mln shares during and after H1 2026

Outlook
Company expects amendments to Minerals Law will not have material adverse impact on operations
Company sees recent legal changes in Mongolia as strengthening investment protection and reducing state intervention
Company expects environmental law changes to reduce approval delays for projects

Result Drivers
COAL SALES VOLUME AND PRICING - Co said revenue growth was driven by higher washed coking coal sales volume and improved average selling price
GOLD MINE CONTRIBUTION - Bayan Khundii gold mine contributed $94.7 mln, or 16% of total revenue, in its first full period of commercial production

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$586.20 mln
 
H1 Net Income Attributable
 
$89 mln
 

Reuters Recommended Reads
Aug 20 - China coal imports from all major suppliers rise in July as domestic supply tightens
Aug 19 - Indian steel mills face margin squeeze as global coking coal prices rise
Aug 17 - China's Wanguo Gold half-year revenue, net income rise on higher prices

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-20/afc18edb-c665-432f-90db-c357e93f864d.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)