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HomeMongolia NewsSouthGobi Announces First Quarter 2022 Financial and Operating Results

SouthGobi Announces First Quarter 2022 Financial and Operating Results

HONG KONG, CHINA / ACCESSWIRE / June 6, 2022 / SouthGobi Resources Ltd. (Toronto Stock Exchange (“TSX”):SGQ, Hong Kong Stock Exchange (“HKEX”):1878) (the “Company” or “SouthGobi”) today announces its financial and operating results for the three months ended March 31, 2022. All figures are in U.S. dollars (“USD”) unless otherwise stated.

Significant Events and Highlights

The Company’s significant events and highlights for the three months ended March 31, 2022 and the subsequent period to June 6, 2022 are as follows:

  • Operating Results – In response to the increase in the number of the Coronavirus Disease 2019 (“COVID-19”) cases in Ejinaqi, a region in China’s Inner Mongolia Autonomous Region where the custom and border crossing are located, reported in late October 2021, the local government authorities have imposed stringent preventive measures throughout the region, including the temporary closure of the Ceke Port of Entry located at the…

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