History

  1. FIRST VISIT TO MONGOLIA


    The company first entered the Mongolian gold sector and began extensive research, analysis and screening of potential projects

  2. RESEARCH & REVIEWING DEALS

    Mongold’s seasoned Investment Team researched and reviewed great number of deals in Mongolia and identified Project King as being a particularly attractive investment opportunity after analysing a long list of factors which includes grades discovered, production costs, regulatory environments, local labour markets, and the overall attractiveness of the gold sector’s level of maturity.

  3. HEAD OF TERMS & DUE DILIGENCE

    Mongold targeted Project King based on its upside potential and executed detailed due diligence, and signed a head of terms with partners.

  4. JV AGREEMENT

    A Joint Venture agreement was reached with investment in Project King only made after M0ngold’s management team considered valuations had fallen to an attractive level.

     

  5. RENOVATION & REDEVELOPMENT

    The company refurbished the existing plant to meet international standards, led by an experienced senior team.

  6. CYANIDE PERMIT & PRODUCTION

    After the necessary permits were acquired, the  processing plant was optimized and production started.

  7. EXPANSION & REPLICATION

    Mongold is moving beyond proof of concept and attempting to replicate its initial success by unlocking value on a much larger scale. Mongold’s expansion began early in 2017. With the help of a new institutional investor, Arqaam Capital, Mongold developed an exploration and development program for its wider portfolio of gold mineral licenses with the ultimate aim of boosting resources under control.

  8. 2018

    Mongold’s portfolio is now entering a transformative, high-growth phase, brought on by expanding production, newly acquired licenses, and favorable economic conditions for new investments in Mongolia. Mongold is now in the process of making a series of investments into new and existing projects that will aim to bring total firm gold resources to over 2 million oz. by 2020.