Mongolian Mining Corporation (MMC) released its unaudited operational update for the quarter ended 31 March 2026, covering its coking coal assets in Umnugobi and gold operations in Bayankhongor, Mongolia. The report highlights solid year-on-year growth in coal volumes and a sequential recovery in gold sales amid higher prices.

Coking coal operations • Run-of-mine (ROM) coal mined reached 4,846 kt, up 22% quarter-on-quarter (QoQ) and 32% year-on-year (YoY), driven by sustained productivity at the Ukhaa Khudag and Baruun Naran pits. • ROM coking coal processed totaled 3,916 kt, broadly stable QoQ (+1%) and 4% higher YoY. • Washed coking coal output came in at 2,277 kt, slipping 3% QoQ but expanding 8% YoY as processing yields normalised. • Sales volume of washed coking coal stood at 2,558 kt, virtually flat QoQ (-1%) yet 60% above the year-ago quarter, pointing to stronger offtake from Chinese steelmakers and improved border logistics.

Gold and metals operations • The Bayan Khundii mine extracted 154.8 kt of ore, down 33% QoQ as phase-sequencing shifted to lower-grade zones. • Ore processed rose 27% QoQ to 150.8 kt, supporting a 20% QoQ increase in gold sold to 8,527 oz. • The weighted-average realised gold price advanced 17% QoQ to USD 4,872/oz, boosting revenue quality despite lower mining throughput.

Management cautioned that the disclosed figures are preliminary, subject to review, and may differ from those in forthcoming statutory filings.