Thanks to better selling prices, coal miner Golden Energy and Resources expects to report a “significant improvement” in both revenue and earnings for the first half ended June 30 2021.
The company, besides coal, has been diversifying into gold, will report on or about Aug 13.
For 1HFY2020 ended June 30 2020, the company reported earnings of US$16.5 million, on revenue of US$593.5 million.
GEAR closed last Friday, July 23, at 37 cents, up 117% year to date.
