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SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s):  SGQRF

Coal Basic Materials
SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia and China. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia. The company was formerly known as SouthGobi Energy Resources Ltd. and changed its name to SouthGobi Resources Ltd. in May 2010. SouthGobi Resources Ltd. is based in Kowloon, Hong Kong.


TSXV:SGQ - Post by User

SouthGobi Resources Ltd
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  • Betteryear2X
Post by Betteryear2on May 08, 2023 4:49pm
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Post# 35437230

SouthGobi Announces Positive Profit Alert

SouthGobi Announces Positive Profit AlertVANCOUVER, BC / ACCESSWIRE / May 8, 2023 / SouthGobi Resources Ltd. (TSX-V:SGQ09)(HK:1878) ("SouthGobi" or the "Company") wishes to inform the shareholders of the Company and potential investors that, based on the Company's preliminary assessment of the unaudited management accounts of the Company for the quarter ended 31 March 2023 and the information currently available to the Company, it is expected that the Company would record a net profit within the range of USD 5 million to USD 9 million for the quarter ended 31 March 2023, as compared to a net loss of USD 10.8 million for the corresponding period in 2022. The expected increase in net profit is mainly attributed to the increase in coal prices and coal sales volume during the first quarter of 2023.

SouthGobi Announces Positive Profit Alert (accesswire.com)
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