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Last $0.34 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

southgobi resources ltd (SGQRF) Snapshot

Open
$0.34
Previous Close
$0.34
Day High
$0.34
Day Low
$0.34
52 Week High
03/13/15 - $0.86
52 Week Low
08/27/15 - $0.34
Market Cap
82.5M
Average Volume 10 Days
100.0
EPS TTM
--
Shares Outstanding
245.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOUTHGOBI RESOURCES LTD (SGQRF)

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southgobi resources ltd (SGQRF) Details

SouthGobi Resources Ltd. operates as an integrated coal mining, development, and exploration company. It explores for metallurgical and thermal coal deposits in Mongolia's South Gobi region to supply a range of coal products to customers in Asia. The company’s flagship project is the Ovoot Tolgoi mine that contains approximately 175.7 million tons of proven and probable surface coal reserves located in the southwest corner of the Umnugobi Aimag of Mongolia. It also owns interest in three development projects, such as the Soumber Deposit, the Zag Suuj Deposit, and the Ovoot Tolgoi Underground Deposit 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. The company was incorporated in 2002 and is headquartered in Vancouver, Canada.

346 Employees
Last Reported Date: 08/13/15
Founded in 2002

southgobi resources ltd (SGQRF) Top Compensated Officers

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Executives, Board Directors

southgobi resources ltd (SGQRF) Key Developments

SouthGobi Resources Limited Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015

SouthGobi Resources Limited reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company recorded revenue of USD 2,951,000 against USD 6,691,000 a year ago. Loss from operations was USD 30,273,000 against USD 17,531,000 a year ago. Net loss attributable to equity holders of the company was USD 35,072,000 or USD 0.15 per basic and diluted share against USD 23,168,000 or USD 0.12 per basic and diluted share a year ago. Loss before tax was USD 35,071,000 against USD 22,622,000 a year ago. For the six months, the company recorded revenue of USD 4,536,000 against USD 11,828,000 a year ago. Loss from operations was USD 46,898,000 against USD 34,242,000 a year ago. Net loss attributable to equity holders of the company was USD 58,355,000 or USD 0.25 per basic and diluted share against USD 43,923,000 or USD 0.23 per basic and diluted share a year ago. Loss before tax was USD 58,354,000 against USD 43,377,000 a year ago. Cash used in operating activities was USD 6,158,000 against USD 14,056,000 a year ago. Expenditures on property, plant and equipment was USD 4,028,000 against USD 4,059,000 a year ago. The operations for the six months ended June 30, 2015 were impacted by continuing difficult market conditions and weak coal prices in China. For the quarter, the company reported raw coal production of 0.62 million tonnes compared to 0.55 million tonnes a year ago. For the six months, the company reported raw coal production of 0.62 million tonnes compared to 1.19 million tonnes a year ago.

SouthGobi Resources Announces Board Changes

SouthGobi Resources Limited at the annual general meeting held on August 6, 2015, announced that Messrs. Kelly Sanders and Ted Chan did not stand for re-election at the AGM and ceased to be non-executive directors following the conclusion of the AGM. Mr. Sanders ceased to be chairman of Health, Environment, Safety and Social Responsibility Committee and Mr. Chan ceased to be a member of the Health, Environment, Safety and Social Responsibility Committee. Mr. Aminbuhe has been appointed as a non-executive director of the Company and Mr. Zhu Liu and Ms. Jin Lan (Jacqueline) Quan have been appointed as independent non-executive directors of the Company. Mr. Aminbuhe previously held the position of Executive Director at National United Resources Holding Limited. Most recently, Mr. Zhu Liu was Managing Director of Hong Kong International Company and Chairman of Beijing Bao Hai Shipping Corporation between 2000-2005. Ms. Jin Lan (Jacqueline) Quan is currently an independent financial planner and business consultant based in Sydney, Australia.

SouthGobi Resources Limited to Report Q2, 2015 Results on Aug 13, 2015

SouthGobi Resources Limited announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 13, 2015

 

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