SouthGobi Resources Ltd. provided earnings guidance for the six months ended June 30, 2023. For the period, the company expected to record a net loss between USD 33.0 million and USD 38.0 million, as compared to a net loss of USD 17.8 million for the six months ended June 30, 2022. The expected net loss is primarily attributable to the provision of a tax penalty of USD 75.0 million which is expected to be recorded in the condensed consolidated interim financial statements for the six months ended June 30, 2023.