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SouthGobi Resources Ltd. (TSX:SGQ) announced its first quarter 2012 financial results on a conference call and audio webcast. The Company reported that direct cash costs have decreased.
SouthGobi Resources Ltd. (TSX:SGQ) announced its first quarter 2012 financial results on a conference call and audio webcast. The Company reported that direct cash costs have decreased.
As quoted in the press release:
- Record first quarter coal sales of 0.84 million tonnes (increase of 84% from the first quarter of 2011);
- Record first quarter revenue of $40.2 million (increase of 99% from the first quarter of 2011);
- Record quarterly average selling price of $56.79 per tonne (increase of 13% from the first quarter of 2011);Â
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Click here to read the SouthGobi Resources Ltd. (TSX:SGQ) press release
Click here to see the SouthGobi Resources Ltd. (TSX:SGQ) profile
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