SouthGobi Resources 8/14/2023 Earnings Report

SouthGobi Resources EPS Results

• Actual EPS: -$0.21
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

SouthGobi Resources Revenue Results

• Actual Revenue: $83.24 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

SouthGobi Resources Announcement Details

• Date: 8/14/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

SouthGobi Resources (OTCMKTS:SGQRF) is a coal mining company focused on the exploration, development and production of high-quality coal assets in Mongolia. Its principal operating asset is the Ovoot Tolgoi mine located in the South Gobi region, where open-pit mining methods are employed to extract both thermal and semi-soft coking coal. The company’s product slate is tailored to meet industrial and power generation requirements, serving utility and steelmaking customers across Asia.

To facilitate export sales, SouthGobi maintains integrated logistics through rail and road networks linking its mine site to the Nariin Sukhait border crossing into China. Production volumes are transported via a dedicated rail spur and then onward through China’s extensive rail system. The company also holds exploration licenses on adjacent properties in the South Gobi basin, providing optionality for resource expansion and long-term mine planning.

Headquartered with corporate offices in Vancouver, Hong Kong and Ulaanbaatar, SouthGobi has a history that dates back to its spin-out from a global mining group in 2008. Over the years, it has renegotiated joint-venture agreements and secured long-term offtake arrangements with major Chinese power producers. This evolution reflects a strategic focus on stable revenues, cost control and adherence to environmental and social standards within Mongolia’s burgeoning mining sector.

The company is overseen by a board of directors chaired by a veteran mining executive and supported by an experienced management team with expertise in coal operations, international trade and project financing. Together, these leaders guide SouthGobi’s efforts to optimize production, strengthen stakeholder partnerships and pursue sustainable growth in one of the world’s fastest-growing coal markets.