March 31, 2017 / 3:08 PM / 5 months ago

BRIEF-SouthGobi Resources reports qtrly shr loss of $0.07

March 31 (Reuters) - SouthGobi Resources Ltd:

* SouthGobi resources announces fourth quarter and full year 2016 financial and operating results and updated resource estimate and newly declared reserve estimate in respect of Ovoot Tolgoi

* Q4 revenue $19 million versus $2.9 million

* Production for Q4 of 2016 was 1.21 million tonnes, compared to 0.62 million tonnes for Q4 of 2015

* Company sold 1.08 million tonnes of coal during Q4 of 2016 compared to 0.21 million tonnes in Q4 of 2015

* Qtrly basic and diluted loss per share $0.07

* In order to continue as going concern, co must generate sufficient operating cash flows or pursue strategic restructuring, refinancing Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below