As such, the lower sales volume of iron ore concentrate coupled with a lower average realised selling price for iron ore concentrate for FY2023 have resulted in a lower revenue for the company.
Southern Alliance Mining (SGX:QNS
) is guiding for a net loss for its FY2023 ended July 31 on the back of a decrease in revenue.
In a filing, the company says the decrease in the production of iron ore concentrate is a result of intense overburden removal activities in accordance with its mining schedule as well as the transition from open pit mining to underground mining.
