Bullboard - Stock Discussion Forum SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s): SGQRF

Energy

SouthGobi Resources Ltd. is an integrated coal mining, development and exploration company. It owns a 100% interest in the Ovoot Tolgoi open pit coal mine (the Ovoot Tolgoi Mine), and in the development projects, the Soumber Deposit and the Zag Suuj Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, all of which are located within 150 kilometers (km) of... see more

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TSXV:SGQ - Post Discussion

SouthGobi Resources Ltd > SouthGobi Announces Positive Profit Alert

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Post by Betteryear2 on May 08, 2023 4:49pm

SouthGobi Announces Positive Profit Alert

VANCOUVER, 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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