MONGOL MINING (00975) issues a positive profit alert, expecting to achieve a consolidated net profit of approximately $100 million to $110 million for the first half of the year, turning from loss to profit compared to the same period last year.

MONGOL MINING (00975) announced that the group expects to achieve a consolidated net profit of approximately $100 million to $110 million in the first half of 2026, compared to a consolidated net loss of $19.9 million in the first half of 2025. The anticipated profit is primarily attributed to an increase in the sales volume of washed coking coal and a rise in the average selling price, resulting in higher revenue during the reporting period compared to the same period in 2025, as well as the commencement of gold production and other net income.