Mongolian Stock Exchange listed Sharyn Gol JSC reports that its sales volume rose by 21 percent in 2017, reaching 909,000 tons of coal, 87,000 tons more than previously estimated.
The company discovered gold veins in its coal licensed area and extracted 150 kg of gold in 2017. Sharyn Gol earned sales revenue of 48.9 billion MNT in 2017, of which 36.9 billion MNT came from coal sales and 12 billion MNT was generated from gold sales.
As a result, the company’s sales revenue increased by 52 percent and the company earned a net profit of 2.4 billion MNT in 2017. In 2016, Sharyn Gol operated with a net loss of 7.2 billion MNT.
Mongolian Stock Exchange listed Sharyn Gol JSC reports that its sales volume rose by 21 percent in 2017, reaching 909,000 tons of coal, 87,000 tons more than previously estimated.
The company discovered gold veins in its coal licensed area and extracted 150 kg of gold in 2017. Sharyn Gol earned sales revenue of 48.9 billion MNT in 2017, of which 36.9 billion MNT came from coal sales and 12 billion MNT was generated from gold sales.
As a result, the company’s sales revenue increased by 52 percent and the company earned a net profit of 2.4 billion MNT in 2017. In 2016, Sharyn Gol operated with a net loss of 7.2 billion MNT.