SouthGobi Resources Ltd (SGQ) Financings
TSXV: SGQ · Coal · Production stage
- Market cap$118.6M
- Share price$0.320
- 52-week range$0.170 – $0.450
- Shares outstanding370,549,288
- ExchangeTSXV
- Websitewww.southgobi.com
SouthGobi, listed on the HKEX and TSX-V, owns and operates its ¿agship Ovoot Tolgoi Mine in Mongolia. It also holds the mining licenses of its other metallurgical and thermal coal deposits in South Gobi Region of Mongolia. SouthGobi produces and sells coal to customers in China.
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SouthGobi Resources Ltd financial statements
Key figures read from 36 of 36 financial statement filings, Nov 14, 2016 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$12,375 | US$8,590 | US$47,993 | US$9,255 | US$723 |
| Total current assets | US$111,710 | US$153,679 | US$115,355 | US$47,495 | US$55,300 |
| Total current liabilities | US$448,671 | US$381,813 | US$334,170 | US$232,160 | US$97,835 |
| Working capital | (US$336,961) | (US$228,134) | (US$218,815) | (US$184,665) | (US$42,535) |
| Property, plant and equipment | US$206,883 | US$243,564 | US$157,119 | US$119,346 | US$135,145 |
| Total assets | US$355,577 | US$429,853 | US$295,738 | US$181,359 | US$206,113 |
| Debt | US$233,707 | US$204,918 | US$194,300 | US$224,653 | US$191,626 |
| Total liabilities | US$582,812 | US$479,696 | US$437,070 | US$323,883 | US$296,563 |
| Shareholders' equity | (US$227,235) | (US$49,843) | (US$141,332) | (US$142,524) | (US$90,450) |
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$598,819 | US$493,378 | US$331,506 | US$73,084 | — |
| Cost of sales | (US$598,719) | (US$360,588) | (US$158,195) | (US$57,762) | (US$31,304) |
| Exploration and evaluation expense | (US$337) | (US$1,362) | (US$991) | (US$147) | (US$223) |
| Impairments and write-downs | (US$77,334) | — | — | — | — |
| Net income (loss) | — | — | — | (US$30,419) | (US$14,373) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$84,415 | US$137,494 | US$173,200 | US$29,078 | (US$3,234) |
| Investing cash flow | (US$74,108) | (US$123,115) | (US$49,944) | (US$13,037) | (US$8,637) |
| Financing cash flow | US$25,815 | (US$23,821) | (US$72,587) | (US$1,427) | (US$6,010) |
| Property, plant and equipment spending | (US$73,135) | (US$119,656) | (US$44,569) | (US$12,073) | (US$11,792) |
| Proceeds from share issues | — | — | US$0 | US$26 | US$11 |
| Change in cash | — | — | US$38,738 | — | — |
| Cash at end of period | US$12,375 | US$8,590 | US$47,993 | US$9,255 | US$723 |
No financings are on record for SouthGobi Resources Ltd yet.
SouthGobi Resources Ltd debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments SouthGobi Resources Ltd has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-07-12 | Convertible debenture, amended | — | US$250M | — |
| 2025-10-10 | Loan, signed | Khan Bank JSC | — | 10% |
| 2024-05-13 | Convertible debenture, amended | JD Zhixing Fund | US$250M | — |
| 2023-03-02 | Credit facility, signed | Inner Mongolia Tianyu Innovation Investment | US$250M | 5% |
| 2022-05-13 | Convertible debenture, amended | — | US$7.93M | 6.4%, matures 2022-08-14 |