SouthGobi Resources Announces First Quarter 2011 Financial and Operating Results

- May 12th, 2011

SouthGobi Resources Ltd. (TSE:SGQ) reports its financial results for the three months ended March 31, 2011.

SouthGobi Resources Ltd. (TSX:SGQ) reports its financial results for the three months ended March 31, 2011. 

The press release is quoted as saying:

In the three months ended March 31, 2011, the Company produced 1.11 million tonnes of raw coal with a strip ratio of 3.47 compared to production of 0.22 million tonnes with a strip ratio of 6.79 in the three months ended March 31, 2010. Production has increased 405% in the first quarter of 2011 compared to the first quarter of 2010, primarily due to expansion of the Company’s mining fleet throughout 2010.

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Click here to access SouthGobi’s company profile.

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