Hong Kong's SouthGobi Resources Q2 revenue rises on higher sales

SouthGobi Resources

14/08/2026 11:24

Overview
Coal miner SouthGobi Resources' Q2 revenue rose, driven by expanded operations and higher sales volume
Company reported $14.1 mln profit from operations, reversing prior yr's loss
Sales volume increased to 3.5 mln tonnes, average selling price rose to $60.6 per tonne

Outlook
Company says payment of deferred amounts will be postponed until August 31, 2027
SouthGobi continues to expand mining operations and coal product categories in 2026
Company notes uncertainty regarding Mongolian government ownership regulations for mining licenses

Result Drivers
EXPANDED OPERATIONS - Co said it expanded mining operations and implemented various processing methods, boosting production and export volume
HIGHER SALES VOLUME - Sales volume rose to 3.5 mln tonnes from 3.0 mln tonnes a year earlier
INCREASED SELLING PRICE - Average realized selling price rose to $60.6 per tonne, mainly due to a greater proportion of premium semi-soft coking coal sold

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$211.70 mln
 

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Aug 13 - India fuels global growth in planned coal mining capacity, report says
Aug 11 - Hong Kong's MMG H1 revenue rises, maintains 2026 production guidance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)