SouthGobi Resources Reports Q3 Loss, Despite $148M Revenue

SouthGobi Resources, a coal mining company, reported a net loss of $7 million for Q3, translating to a loss of $0.02 per share. Despite this, they generated $148.8 million in revenue. The loss reflects the challenges in the mining sector, with fluctuating commodity prices and operational costs impacting profitability. Investors are closely watching these results, which will likely influence market activity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.