SouthGobi Resources Ltd. provided earnings guidance for the year ended December 31, 2023. For the year, it is expected that the Company would record a net profit attributable to equity holders of the Company of approximately no more than USD 1 million as compared to a net loss attributable to equity holders of the Company of approximately USD 30 million for the year ended December 31, 2022. The turnaround from net loss to expected net profit is primarily attributable to the increase in sales volume and improvement in the Company's average realized selling price of coal during the year ended December 31, 2023.