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An update from SouthGobi Resources ( (TSE:SGQ) ) is now available.
SouthGobi Resources Ltd. has received a resolution from the Tax Dispute Resolution Council in Mongolia, reducing a previously assessed tax penalty from approximately US$80 million to US$26.5 million. This revised assessment is part of an ongoing tax audit dispute, and the company is considering further action, while the result does not currently impact its financial statements until a final decision is made.
More about SouthGobi Resources
SouthGobi Resources Ltd. is a company operating under the laws of British Columbia, Canada, focusing on the mining industry. Its primary operations are conducted through its wholly owned subsidiary in Mongolia, Southgobi Sands LLC, which is involved in resource extraction and related services.
YTD Price Performance: 0%
Average Trading Volume: 4,368
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$169.1M
See more insights into SGQ stock on TipRanks’ Stock Analysis page.
