The Vancouver Sun reports in its Tuesday edition SouthGobi Resources says it generated $3.3-million of revenue in the first quarter, a period when most of the Canadian company's coal mining activities in Mongolia were shut down (all figures U.S.).
The Canadian Press to The Sun says the Vancouver company's revenue was down from $40.1-million a year earlier, before the curtailment began in June, 2012.
SouthGobi's net loss in the three months ended March 31 was $24.9-million, or 14 cents per share.
On an adjusted basis, the loss was $11.6-million.
A year earlier, SouthGobi had a profit of $3.1-million of net income, or two cents per share of net income or $7-million of adjusted income.
On a quarter-to-quarter comparison, SouthGobi showed an improvement.
In the fourth quarter of 2012, SouthGobi -- a unit of Rio Tinto PLC through Turquoise Hill Resources Ltd. -- had $1.2-million of revenue, a net loss of $51.8-million or 28 cents per share, and an adjusted loss of $14.9-million.
SouthGobi shares closed Monday at $1.91, up a penny on the Toronto Stock Exchange.
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