SouthGobi Swings to Operating Profit on Higher Coal Volumes Despite Lower Prices
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SouthGobi Resources reported a shift to operating profit in Q1 2026, achieving $4.6 million profit from operations, up from a $15.7 million loss a year prior. This improvement was driven by a rise in coal export volumes to China, which increased to 3.1 million tonnes despite a decrease in average selling price from $59.5 to $54.4 per tonne. The company enhanced its mining operations and coal processing methods to improve product quality, addressing market uncertainties in the Chinese coal sector.
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