HALISTER1: SouthGobi Resources FY Loss/Shr 24c Versus Loss 79c Y/Y

SouthGobi Resources FY Loss/Shr 24c Versus Loss 79c Y/Y

(Bloomberg) -- SouthGobi 4Q loss per share narrowed to 7c from loss of 44c year/year.
  • 4Q rev. $19.0m, up from $2.87m y/y
  • FY16 sales volume rose to 3.91m tonnes from 1.07m tonnes y/y
  • Sees arbitration decision on First Concept in 2Q
  • Updated estimate of Ovoot Tolgoi deposit measured resources is 201.9m tonnes; had previously reported 175.7m tonnes proven and probable reserves based on ’12 technical report
    • Surface resource est. 144.3m tonnes
    • Underground resource est. 57.6m tonnes
  • NOTE: Nov. 14, SouthGobi Says Ability to Continue as Going Concern Threatened
Link to Statement on IIS:Link Press release link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CHIVCZ CH (China Investment Corp)
SGQ CN (SouthGobi Resources Ltd)

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