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BRIEF-SouthGobi Resources reports qtrly shr loss of $0.07

March 31 SouthGobi Resources Ltd:

* SouthGobi resources announces fourth quarter and full year 2016 financial and operating results and updated resource estimate and newly declared reserve estimate in respect of Ovoot Tolgoi

* Q4 revenue $19 million versus $2.9 million

* Production for Q4 of 2016 was 1.21 million tonnes, compared to 0.62 million tonnes for Q4 of 2015

* Company sold 1.08 million tonnes of coal during Q4 of 2016 compared to 0.21 million tonnes in Q4 of 2015

* Qtrly basic and diluted loss per share $0.07

* In order to continue as going concern, co must generate sufficient operating cash flows or pursue strategic restructuring, refinancing Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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