Mongolian Mining Corporation Releases Operational Update for Q4 2025

HONG KONG, Jan. 20, 2026 – Mongolian Mining Corporation (“MMC” or the “Company”), listed on the Hong Kong Stock Exchange (Stock Code: 975), today issued its unaudited operational results for the quarter ended 31 December 2025. The update provides detailed production and sales data for its mining operations in Mongolia, comparing this quarter with the prior quarter and the corresponding period in 2024.

Overview of Company Operations

The Company is one of the largest internationally listed mining groups focused on Mongolia with diversified operations in coking (metallurgical) coal and metals such as gold, silver, and copper. The Group operates through subsidiaries and joint ventures in various regions, emphasizing sustainable production and export performance.

Coking Coal Operations – Strong Production and Sales Growth

For the full year ended 31 December 2025, Mongolian Mining Corporation sold a total of 8,221.3 thousand tonnes (kt) of washed coking coal products, representing a 4% increase from the 7,882.1 kt sold in 2024.

Product Mix Breakdown

The washed coking coal sold in 2025 comprised the following:

• 4,920.5 kt of washed hard coking coal (HCC)
• 452.5 kt of washed semi-soft coking coal (SSCC)
• 2,848.4 kt of washed mid-ash semi-hard coking coal (MASHCC)

As a percentage of total washed coal sold, HCC accounted for 59%, SSCC 6%, and MASHCC 35%, demonstrating stable product mix compared with the previous year.

Quarterly Production Metrics

Detailed operational data for the quarter ended 31 December 2025 is summarized below:

Operational Metric	Dec 2025	Sep 2025	% Change QoQ	Dec 2024	% Change YoY
ROM coal mined (kt)	3,963.6	3,604.3	+10%	3,684.5	+8%
ROM coking coal processed (kt)	3,858.6	3,753.8	+3%	3,947.8	-2%
Washed coking coal produced (kt)	2,350.7	2,103.0	+12%	2,085.6	+13%
Washed coking coal sold (kt)	2,578.1	2,303.2	+12%	1,886.1	+37%

The data show continued improvement in both production and sales volumes on a quarter-on-quarter and year-on-year basis, reflecting strong operational execution by the Company’s mining subsidiaries.

Metals Segment Development

Gold Production and Sales

The Company holds a 50% equity interest in Erdene Mongol LLC (EM), which operates the Bayan Khundii (BKH) gold mine in Bayankhongor province. Since achieving first gold pour on 14 September 2025, EM sold a total of 7,434 ounces of gold and 2,634 ounces of silver during the year. Sales were made to the Bank of Mongolia and authorized commercial banks.

The weighted average gold price realized was approximately USD 4,153 per ounce, with silver averaging around USD 53 per ounce based on spot prices and applicable exchange rates.

Copper and Metals Project Progress

MMC also holds a 50.5% stake in Universal Copper LLC (UCC), which is advancing the development of the White Hill (WTH) copper-silver-gold project. During the quarter, the Group conducted extensive geological and hydrogeological exploration drilling, bulk sampling, and metallurgical testing to support updated technical reports and feasibility studies aimed at advancing this project.

These works are important inputs for updated resource and reserve estimations under recognized reporting standards and for planning future development phases.

Forward Outlook and Investor Considerations

The operational data contained in the announcement is intended to provide timely insights into the Company’s production performance. Management emphasizes that variations may occur due to market conditions, regulatory factors, and other external events, and that the figures should not be interpreted as guaranteed future results.

MMC’s diversified portfolio, combining its strong position as Mongolia’s leading washed coking coal producer with emerging metals production, aims to support sustainable growth and generate long-term value for shareholders.

#MongolianMining #MiningUpdate #CokingCoal #GoldProduction #SlimScan #GrowthStocks #CANSLIM