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SouthGobi Resources Announces 2010 Preliminary Financial Results
Mar. 21, 2011 02:45PM PST
Industrial MetalsSouthGobi Resources Ltd. (TSE:SGQ) reports its preliminary financial results for the fourth quarter and year ended December 31, 2010.
The press release is quoted as saying:
Revenues increased significantly to $41.6 million in the fourth quarter of 2010 from $10.0 million in the fourth quarter of 2009. The Company sold 1.5 million tonnes at an average realized price of $32 per tonne in the fourth quarter of 2010 compared to sales of 0.36 million tonnes at an average realized price of $29 per tonne in the fourth quarter of 2009.
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