HK Stock Market Move | Mongol Mining (00975) rose nearly 6% in early trading. The company completed its first gold casting at the BKH gold mine in Mongolia.

Mongol Mining (00975) rose nearly 6% in morning trading, up 4.77% as of the time of writing, at HK $10.77, with a turnover of HK $39.7011 million. On the news front, Mongol Mining announced the completion of the first gold pour at the Bayan Khundii (BKH) gold mine in Mongolia. The total gold reserves at the BKH mine are 513,700 ounces, with an average ore grade of 4.0 grams/tonne. The mine is expected to produce approximately 85,000 ounces of gold annually at a low fourth quartile all-in sustaining cost. The BKH mine is reportedly ready for production and is expected to achieve full capacity production by the end of the fourth quarter of 2025. The company previously disclosed that as of June 30, 2025, the gold mine was in the construction phase and is expected to start gold production in the third quarter of 2025. The copper mine is still in the early exploration and evaluation stage. The announcement stated that on March 11, 2025, the company completed the acquisition of 50.5% of UCC's shares, making it a subsidiary of the company. The BKH mine processing plant and on-site facilities have officially started operations. Initial overburden stripping operations started at the end of the second quarter of 2025, and commercial production is expected to be achieved in the third quarter of 2025.