Golden Energy and Resources expects to report a “significant improvement” for its 1HFY2022 earnings on Aug 14.
The coal and gold miner explains this is mainly because of the consolidation of earnings from its 80% held subsidiary BHP Mitsui Coal. The acquisition was completed on May 3.
In addition, GEAR is enjoying higher average selling prices arising from both coal used for iron refining and for fuel.
GEAR shares closed July 27 at 51 cents, down 0.97% for the day, but up 70% year to date.
