ArdNews

🚧 Mongolian Mining Forecasts Strong First Half Profit Recovery ⛏️

August 07, 2026

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💰 Mongolian Mining Corporation (MMC) expects to report a net profit of USD 100-110 million for the first half of 2026, marking a significant turnaround from the loss recorded in the same period last year. The recovery reflects stronger coking coal sales, higher realized prices, and improved operating performance.

⛏️ The company sold 2.7 million tonnes of washed coking coal during the first half, a 55% increase year on year, while revenue growth was further supported by stronger pricing. Gold production from the Bayan Khundii mine also contributed positively, with approximately 11.7 thousand ounces sold at an average realized price of USD 4,493 per ounce.

📊 Despite tighter mine safety inspections in China and softer domestic coal production, reduced Chinese imports from Australia and resilient demand for Mongolian coal have continued to support MMC’s sales outlook. Following the earnings guidance, MMC shares rose as much as 16% in Hong Kong trading, reaching HKD 8.66.

📌 Key Takeaways

  • • MMC forecasts USD 100-110 million in first half 2026 net profit.

  • • Washed coking coal sales increased 55% YoY to 2.7 million tonnes.

  • • Higher coal prices and Bayan Khundii gold production supported earnings.

  • • MMC shares gained up to 16% following the profit guidance.

💡 Ard Insight

The earnings outlook highlights the resilience of Mongolia’s export-oriented mining sector despite ongoing market volatility. Sustained Chinese demand, stronger commodity prices, and improving operational efficiency continue to reinforce the earnings potential of Mongolia’s leading mining companies, while investor sentiment toward the sector appears to be strengthening.

Mongolia’s economy, stock market, politics, and mining news delivered first on ArdNews Brief in 5 minutes.

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